GCX Ltd., which owns the world’s largest private undersea cable system, is the latest company owned by the tycoon to stumble.
The new investment in China’s textile industry shows that Tencent is looking to capture values in the country’s industrial internet sector.
IPOs & Markets
Guardant remains one of Vision Fund’s more profitable holdings. The fund still holds 20 million shares in the firm.
The buyout offer is the latest sign of the Chinese tech giant's determination to plough ahead with further expansion.
SoftBank has put more than $10 billion into WeWork and is a key financier of businesses in the gig economy.
It is currently raising its second fund, which has a $150 million hard cap.
Facebook has roped in Peter Lydian Sutiono as the new country director for the Indonesia office while Gojek has appointed Ainul Yaqin as its CMO.
Investors such as SoftBank are not too worried about cash burn and are willing to fund losses if growth continues.
Existing investors Matrix Partners, Stellaris Venture Partners and Kalaari Capital are also expected to join the round.
Pluang plans to use the capital to go beyond the ambit of gold, launch US dollar savings and fixed return products.
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