Ascendent will receive private convertible securities to be converted into ordinary shares of NetDragon's education arm at a valuation of $1.35 billio
Alibaba racks up $38b in record Singles’ Day sales
Singapore’s GIC acquires UK gas pipeline firm, Berlin hotel
SoftBank-backed hotel chain Oyo torn between profits and growth
Uber’s Latin American stronghold pursued by Japan’s SoftBank-funded rivals
India: Infrastructure drives PE/VC investments to $3.3b in October
Malaysian court to decide if 1MDB charges against Najib have merit
Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork
India’s Yes Bank makes record global surge post dismal phase
Temasek Holdings makes slew of senior management changes
African logistics platform Lori closes nearly $30m led by Hillhouse, Crystal Stream
The startup, which operates buses along fixed routes, began operations in Egypt in 2017.
Policy & Regulations
The prototype is currently undergoing industry testing to determine its ability to integrate with commercial blockchain applications.
IPOs & Markets
Many Indian tech startups, including Freshworks, Ola, and Oyo, are reportedly eyeing IPOs in the US in the next couple of years.
Eight Roads Ventures is the proprietary investment arm of Fidelity International.
The Chinese news website fell 10% in its Nasdaq debut.
The transaction would be the world's biggest-ever cross-border secondary listing.
Gupta joins Google from Star and Disney India where he was the managing director.
As part of the partnership, Gaw Capital is raising an IDC fund for investment opportunities in China.
Sequoia China is the largest institutional shareholder in BrightGene.
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