By Kristie Neo
Ucommune’s latest financing comes weeks after rival WeWork China announced raising $500 million in fresh funding from investors including Singapore’s Temasek and SoftBank.
China’s OneSpace Technology has raised an RMB 300 million ($44 million) Series B round led by CICC Jiatai Equity Funds.
Analysts are skeptical because one Tencent affiliate is buying another one at a price that may benefit the parent company.
The latest funding round sees Ximalaya’s valuation go up to RMB24 billion ($3.48 billion) ahead of a rumoured IPO on the Hong Kong Stock Exchange in the second half of 2019.
Temasek is a return backer, having previously invested in Orchard’s $110-million Series B funding round in December 2017.
In a blog post, Musk sought to clarify by saying that Saudi Arabia’s sovereign wealth fund had been urging him since the beginning of 2017 to take Tesla private.
Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding round.
Objective of this investment is to expand pharma manufacturing footprint.
The deal gives the Japanese firms a stake in a regulated energy infrastructure asset in Europe
This is Petronas’ first project in the West African nation.