Fukushima will issue new shares to SBI for 222 yen each for a total investment of 1.11 billion yen, making it the biggest shareholder.
Investments in transportation and logistics carried an unrealized loss of $300 million at the end of September.
IPOs & Markets
Listing closer to home has been a long-time dream of billionaire Jack Ma, a move that curries favor with Beijing and hedges against trade war risks.
The increased stake could help Alibaba expand deeper into the business of setting up and controlling its own infrastructure, much like Amazon.
Crystal Stream Capital claims to be one of the first Chinese venture capital funds to venture into the African market.
goStops, a premium chain of youth traveller hostels, has raised funding from angel investors.
CreditAccess Grameen has garnered around $30.27 million in debt funding from Dutch development bank FMO.
Ed-tech startup Gradeup has secured $7 million in series A funding from Times Internet.
This is the second disclosed funding by the Mirae Asset-Naver fund in Vietnam.
The corpus raised will help EVOS grow its e-sports entertainment arm.
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