IPOs & Markets
SoftBank Vision Fund holds a 34.6 per cent pre-IPO stake in the robotics startup.
Jimu targets users under the age of 25, who are mostly from tier-1 and tier-2 cities in China.
Riid will invest the fresh capital to spruce up its R&D facilities and B2B service.
The company will be listed on Nasdaq after a share exchange with US-based 8i Enterprises Acquisition Corp.
IDN Media acquired Indonesian eSports media platform GGWP.ID for an undisclosed amount.
Beowulf is a decentralised cloud network for communication services.
A deal could value Youdao at about $2 billion.
The fund aims to invest exclusively in B2B tech startups, including SaaS, artificial intelligence, machine learning, and Internet of Things.
The layoffs are expected to affect jobs at Huawei's US-based R&D subsidiary Futurewei Technologies.
The investment will also see FPT deepen its presence in Southeast Asia’s smart home market.
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