GLOBAL DEALS
US investors led by
General Atlantic and
Sequoia Capital are keen to buy video app
TikTok from its China owner
Bytedance to avert Trump ban.
Chinese online grocery unicorn
MissFresh
closes on $495 million in funding led by state-backed
China International Capital
.
Xpeng Motors
, a leading smart electric vehicle company in China backed by
Alibaba
, nabbed Series C+ financing of $500 million with a group of investors including
Aspex, Coatue, Hillhouse Capital
and
Sequoia Capital China
.
Steadview Capital
picks up $85 million minority stake in online SaaS startup
Freshworks
in India.
FUNDS
Vitalbridge
Capital, a Chinese venture capital firm established by Jinjian Zhang, formerly of
Trustbridge Partners
, has raised $150 million for its debut fund.
IPOs
Alibaba
’s payments arm
Ant Financial
, which has most recently been valued at $150 billion, is kicking off its long-awaited public offering with a dual listing planned for Hong Kong and Shanghai.
Tencent
-backed
KE
Holdings
, a Chinese online property platform that’s also known as Beike Zhaofang, has filed for a U.S. IPO, aiming to raise $1 billion.
Segway-Ninebot
, a Chinese electric scooter maker backed by
Sequoia Capital China
and
Xiaomi
, has moved closer to a $297 million initial public offering on Shanghai's Nasdaq-style STAR Market.
China's ride-hailing giant
Didi
is reportedly heading toward an IPO in Hong Kong after being pressured by investors who want to cash out.
NOTEWORTHY
