Globalization of Chinese companies
The world's 5000th store was located in Boston, and the number of stores in the North American market of famous, innovative and high-quality products exceeded 100.36 Krypton learned that recently, famous and innovative products opened four stores in the United States, and landed the world's 5000 stores in Boston. So far, the number of stores in the North American market has exceeded 100. According to the official introduction, at present, famous innovative products have entered 100 countries and regions in six continents, including Mexico, Spain, France, Iceland, the United States, Brazil, India and Indonesia.
Digital global payment and financial management enterprise service company "XunHui SUNRATE" completed round C financing.36 krypton learned that this round of financing was led by Softbank Asia Venture Capital, followed by BPC, TDF Impact Investment and other institutions, and the old shareholders Red Dot China, Jifu Asia, Huachuang Capital and Xianfeng Evergreen also participated in this round of financing. The newly raised funds will mainly be used to expand the talent pool and layout global businesses. Xunhui SUNRATE was established in 2016, focusing on providing safe and efficient digital global payment and financial management solutions for global general trade, cross-border e-commerce, online air travel and other enterprise customers.
MoMo, a Vietnamese financial technology enterprise, completed the round E financing of US $200 million.According to e27, this round of financing is led by Mizuho Bank, followed by Ward Ferry, Goodwater Capital and Kora Management. After this round of financing, MoMo's valuation exceeded US $2 billion, making it one of the unicorns. It is reported that Momo will use new funds to expand the market and provide more Vietnamese small and micro enterprises with digital transformation solutions. MoMo was established in 2007 to provide users with mobile payment, electronic wallet, cash transfer, mobile phone recharge, loans and other services.
Pitik, an Indonesian agricultural technology startup, completed seed round financing.According to e27, this round of financing is jointly led by Arise and Wavemaker Partners, and the specific amount is not disclosed. It is reported that Pitik will use this fund to promote product development to help local poultry farmers obtain higher output. Pitik was launched in the middle of 2021 to provide poultry farmers with a full stack farm management system. So far, Pitik has cooperated with farmers in more than 20 regions in Java, Indonesia.
The procurement platform of Indian industrial products and services OfBusiness completed the round G financing of 325 million US dollars.According to Inc42, this round of financing is led by Tiger Global, Softbank Vision Fund 2 and Alpha Wave Ventures II, and followed by investment institutions such as Norwest Venture Partners and Matrix Partners India. After this round of financing, OfBusiness The valuation is close to $5 billion. OfBusiness said in a statement that it would use the funds to improve the supply chain and further promote technology research and development. Founded in 2015, OfBusiness mainly provides raw material procurement and credit services for enterprises in manufacturing and infrastructure fields through its business platform.
India's B2B e-commerce platform Jumbotail completed the 85 million USD round C financing.According to The Economic Times, this round of financing is led by Artal Asia, followed by Ajax Capital, the family office of veteran FMCG entrepreneur Ajay Gupta. Founded in 2016, Jumbotail, headquartered in Bangalore, is an online wholesale platform specially set up for grocery stores, providing local grocery stores with store direct delivery, seller's payment collection and other full stack services.
Europe and America
Microsoft acquired AT&T's advertising business for $1 billion.According to Phoenix Technology, AT&T and Microsoft announced on Tuesday that the latter would acquire the former's Xandr advertising business unit. This transaction enables customers of Microsoft services such as MSN to use Xandr's automated online advertising market. The two companies did not disclose the financial terms of the transaction, which was worth about $1 billion, according to anonymous insiders.
Rio Tinto, a global iron ore giant, will spend US $825 million to buy Rincon lithium mine in Argentina to accelerate its entry into the field of battery materials.According to the interface report, Rio Tinto, a global mining giant headquartered in London, will purchase Rincon assets in Argentina from private equity buyers for US $825 million. This lithium salt project is located in the so-called lithium triangle region of South America. Rio Tinto said that the undeveloped project has the potential to produce battery grade lithium carbonate. Once completed, the project will have an annual capacity of 58000 tons of lithium carbonate, 160000 tons of boric acid and 255000 tons of sodium sulfate, and will become the largest lithium mining project in Europe. Rio Tinto will also become one of the top ten lithium suppliers in the world.
Australia and New Zealand
Charter Hall, an Australian real estate group, will acquire 50% shares of PIM Fund Management Company for 148 million US dollars.According to 61 Financial, Australian real estate group Charter Hall announced on Wednesday that it will acquire 50% of the equity of Paradise Investment Management (PIM) and establish a strategic partnership. Founded in 2012, PIM is a fund management company managing about AUD18.2 billion. The company disclosed that this transaction is expected to be completed on December 31, 2021, and provides a strategic expansion for Charter Hall's fund management platform of A $61.3 billion (about US $43.8 billion).
Officely, an Australian mixed office management platform, completed seed round financing of 2 million dollars.According to Startup Daily, investors in this round of financing include TEN13, Vu Tran, co-founder of Go1, and Adam Schwab, co-founder of Luxury Escapes. The funds will be used to expand the team and improve product functionality. Officely was launched in April 2021, serving more than 1500 enterprises.
Planet42, a South African car ordering company, completed financing of 30 million US dollars.According to TechCrunch, this round of financing includes equity financing of US $6 million and debt financing of US $24 million, led by Naspers and participated by Change Ventures, Startup Wise Guys and other institutions. Planet42, founded in 2017, focuses on meeting the demand of emerging markets for private cars through car ordering services, and uses scoring algorithms superior to traditional credit scoring to assess consumers' purchasing power.
South Korea's Ssangyong Automobile signed with BYD to jointly develop power batteries.According to the Associated Press of Finance, South Korea's Ssangyong Automobile said on the 22nd that the company had signed a power battery research and development contract and a memorandum of understanding on technical cooperation in the independent production of battery packs with BYD. It is reported that the battery jointly developed by the two sides will be used in the U100 electric vehicle that Ssangyong Motor plans to achieve mass production in 2023. The two sides will also jointly research and develop battery packs and special platforms for electric vehicles, and continue to expand the scope of cooperation.
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