Business
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Alibaba-backed Koubei, Zhongshi Capital to invest in Shanghai restaurant booking app
Koubei, a search engine backed by Alibaba, along with Chinese fund, Zhongshi Capital has invested in Meiweibuyongdeng, a Shanghai-based restaurant booking app.
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Indian Aurobindo Pharma acquires Portugal’s Generis for Rs 970 crore in a bid to boost margins in Europe
Aurobindo Pharma has inked the binding agreement, through its wholly-owned subsidiary Agile Pharma BV of Netherlands, to acquire Generis Farmaceutica SA from Magnum Capital Partners for a total consideration of 135 million euros.
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Axiom Asia Private Capital closes new Asian fund-of-funds at US$1.03 billion
Axiom Asia Private Capital announced the final close of its fourth private equity fund of funds, Axiom Asia IV, at US$1.03 billion.
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Australian media tech firm Isentia Group buys China Newswire to grow distribution business in Asia
Isentia, a content distribution and media analytics technology company based in Sydney, Australia announces the acquisition of Shanghai-based China Newswire.
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Samsung NEXT launches US$150m venture fund targeting AI, VR and IoT startups
Samsung has announced its intention to invest in seed to Series B stages within virtual reality, artificial intelligence, and IoT space via Samsung NEXT, a US$150 million venture capital fund.
