Chinese AI unicorn Sensetime leads $75m Series B for Helian Health

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The round was joined by Hangzhou government-backed Wanxiang Investment and Hangzhou Lianchuan Investment and reportedly values Helian Health at $900 million.

China Walden joins $29m fresh funding round for Bossa Nova Robotics

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Bossa Nova is a provider of real-time, on-shelf product data for the global retail industry. Its technology automates the collection and analysis of on-shelf inventory data in large-scale stores.


GIC backs $400m private placement in US smart transportation startup Verra Mobility

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US-based Verra is set to be publicly listed upon an imminent merger with Gores Holdings II, a special purpose acquisition company sponsored by an affiliate of The Gores Group.


India’s JSW Steel mulls bid for ArcelorMittal’s Romania plant

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ArcelorMittal, the world’s biggest steelmaker, has had to put six European assets up for sale to get approval from European competition authorities for its purchase of Italy’s giant Ilva plant.


Online travel agency Cleartrip acquires Saudi Arabia’s Flyin

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This is Cleartrip’s first cross-border acquisition and the Mumbai-based company is looking to step up operations in West Asia’s travel market, which has witnessed the entry of a dozen domestic and international budget operators such as FlyDubai, AirArabia, Pegasus Airlines and others.


India Dealbook: Fullife Healthcare, Noble House raise funds; Sistema exits RCom

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Fullife Healthcare counts ace investor Rakesh Jhunjhunwala as an early backer.


China: Tencent-backed education startup VIPKID bags $500m Series D+

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The edutech startup claims it is the largest round of funding in the sector ever raised across the globe.


Guggenheim said to mull stake sale for $250b asset management unit

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Guggenheim Partners Investment Management has been in talks with global insurers, sovereign wealth funds and investment pools in Europe, the Middle East and Asia.


Taiyo Nippon, Carlyle lead race to buy Linde and Praxair assets

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Taiyo is in the frame to bag the European package, while Carlyle would take the U.S. assets.


Asia Digest: PTT unit in JV with Sumitomo; Hap Seng land sale; Compact Metal buys plant

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Thai conglomerate PTT’s petrochemical arm PTT Global Chemical has formed a joint venture with Kuraray Co and Sumitomo Corp