Investment & Financing

Qiming Venture Partners' portfolio company Tuhu Car Successfully Listed on the Hong Kong Stock Exchange

2023-09-27 02:16 5584

SHANGHAI, Sept. 27, 2023 /PRNewswire/ -- Qiming Venture Partners' portfolio company Tuhu Car,China's leading one-stop car service platform, successfully listed on the Hong Kong Stock Exchange. The issue price of Tuhu Car (SEHK:9690) wasHK$28 per share, representing a market capitalization of abou...

China Jo-Jo Drugstores Announces $2.59 Million Registered Direct Offering

2023-09-26 21:00 4218

HANGZHOU, China, Sept. 26, 2023 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (Nasdaq: CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider inChina, today announced that it ...

Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI

2023-09-26 18:50 2553

Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation BENGALURU, India, Sept. 26, 2023 /PRNewswire/ -- Infosys  (NSE: INFY), (BSE...

Funding Societies raises US$27 million in debt funding from institutional investors to bridge credit gap for SMEs in Southeast Asia

2023-09-26 11:00 3768

First such debt transaction from all institutional investors with a SME FinTech lender in SEA SINGAPORE, Sept. 26, 2023 /PRNewswire/ -- Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced it has successfully rai...

Chime Biologics Enters into a Strategic Cooperation Agreement with Korea Kings Pharm to Accelerate the Biosimilar Launch

2023-09-25 20:15 2221

* Chime Biologics has entered into a strategic collaboration with Kings Pharm for a biosimilar asset, providing cell line development, process development, global GMP manufacturing, commercialization and regulatory filing support. Chime will also supply the commercial production once the produc...

Goodnotes invests USD1.9 million (KRW2.5 billion) in South Korea's largest digital stationery platform, WeBudding, cementing a strategic partnership that gives Goodnotes users a more robust digital stationery selection

2023-09-25 20:00 5599

* This is Goodnotes' first investment in a start-up and marks the two companies' joint effort to create a global digital paper ecosystem * As a result of Goodnotes' strategic investment, WeBudding secured a follow-up investment from Strong Ventures, aCalifornia-based venture capitalist firm. ...

EQT PRIVATE EQUITY TO SELL LIMACORPORATE TO ENOVIS: THE ITALIAN SITE IN SAN DANIELE DEL FRIULI WILL REMAIN THE FULCRUM OF PRODUCTION, BENEFITING FROM NEW INVESTMENTS

2023-09-25 18:01 2870

UDINE, Italy, Sept. 25, 2023 /PRNewswire/ -- EQT Private Equity announces the sale of LimaCorporate to Enovis. With this transaction, LimaCorporate will become part of the NYSE-listed Enovis group in a strategic combination that creates a global leader in the orthopaedic industry. Founded in 194...

Pierre Fabre Laboratories and Vernalis announce a drug discovery collaboration in oncology

2023-09-25 15:00 2363

CASTRES, France and CAMBRIDGE, England, Sept. 25, 2023 /PRNewswire/ -- Pierre Fabre Laboratories and Vernalis (R&D) Ltd ("Vernalis"), a fully owned subsidiary of HitGen Inc., are pleased to announce a long-term partnership to identify pre-clinical candidates against multiple oncology targets.   ...

Anna Xu at SuperReturn 2023: HIKE Capital Invests in Visionary Founders to Pioneer Future Innovation

2023-09-25 14:30 2837

SINGAPORE, Sept. 25, 2023 /PRNewswire/ -- Challenges in the global macroeconomic and political climate have not deterred HIKE Capital, a leading founders' fund inChina, from continuing to invest in innovative Chinese companies with the potential to shape the future.

Adidas and Geek+ Inaugurate a New State-of-the-Art Automated Distribution Center

2023-09-21 20:31 4160

SUZHOU, China, Sept. 21, 2023 /PRNewswire/ -- Geek+, the global leader in mobile robots for logistics, and Adidas, the leading global sportswear brand, join forces to proudly announce the grand opening of their state-of-the-art automated distribution center in Suzhou,China, marking a remarkable a...

Gravitas Education Holdings Inc. Announces Special Cash Dividend in the Range of US$11.256 to US$12.17 per American Depositary Share and Reports Status of Merger

2023-09-21 18:31 5089

BEIJING, Sept. 21, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging fromUS$11....

India-focused private equity and VC funds raised $8.5bn in 2022, the highest ever annual fundraising value - Preqin reports

2023-09-21 15:27 2802

Defensive sectors in India divert investment attention away from traditionally popular sectors like IT SINGAPORE, Sept. 21, 2023 /PRNewswire/ -- Preqin , the global leader in alternative assets data, tools, and insights, published its Private Equity and Venture Capital in...

Terra Drone Expands into Agriculture Sector; Business Acquisition from Avirtech

2023-09-21 08:00 4732

* Japan's Terra Drone Corporation announced "Terra Agri ," a new service aimed at sustainable agriculture globally to advance technology-driven precision agriculture from Southeast Asia to the world. * Avirtech specializes in providing pesticide spraying and ma...

Lynk Pharmaceuticals Completes Series C2 Financing Round, with Total C Round Funding of 322 Million RMB

2023-09-21 08:00 4538

HANGZHOU, China, Sept. 21, 2023 /PRNewswire/ -- Lynk Pharmaceuticals Co., Ltd. (hereinafter referred to as 'Lynk Pharmaceuticals'), an innovative clinical stage company, today announced the successful completion of Series C2 financing. This round of financing was jointly participated by the Shaox...

China Information Technology Development Limited (CITD) Strengthens Technological Capabilities through HKD$100million Strategic Acquisition

2023-09-21 08:03 5778

HONG KONG, Sept. 21, 2023 /PRNewswire/ -- China Information Technology Development Limited (CITD) (HKEX: 8178), a pioneering technology company at the forefront of AI and cloud technologies, proudly announces a momentous stride in its growth journey through the proposed very substantial  acquisit...

Infosys and NVIDIA Collaborate to Help World's Enterprises Boost Productivity with Generative AI

2023-09-20 20:30 2762

* Expanded collaboration to provide expertise and technology needed to drive productivity gains with generative AI applications and solutions across industries * New Centre of Excellence will train 50,000 Infosys employees on NVIDIA AI technology BENGALURU, India and SANTA CLARA, Calif., Sept...

Körber celebrates partnership milestone with Geek+

2023-09-20 18:34 3201

HAMBURG, Germany, Sept. 20, 2023 /PRNewswire/ -- Global strategic partnership empowers businesses to overcome efficiency, scalability and sustainability challenges across supply chain Körber  and Geek+ , a global leader ...

Collabera Digital acquires Digiterre to provide 'red thread' of quality from technology problem-solving to scaled delivery and beyond.

2023-09-20 15:30 4242

UK-based software and data engineering consultancy Digiterre's acquisition by Collabera Digital, provides a multilocational software delivery footprint together with client-facing offices inEurope and Asia Pacific for Digiterre. LONDON, Sept. 20, 2023 /PRNewswire/ -- Collabera Digital

Shanghai Electric Subsidiary, Shanghai Electric Energy Storage Technology, Receives RMB400 Million in Series A Financing, Accelerating Development of Its Energy Storage Business

2023-09-20 12:15 7754

SHANGHAI, Sept. 20, 2023 /PRNewswire/ -- Shanghai Electric Energy Storage Technology, the energy storage subsidiary of Shanghai Electric (SEHK:2727, SSE:601727), recently receivedRMB400 million in Series A financing that will be used to inject added vitality into the development of its energy sto...

OCHE OWNER, THE SOCIAL GAMING GROUP, SIGNS FRANCHISE PARTNERSHIP FOR UAE EXPANSION

2023-09-20 08:05 2286

OSLO, Norway, Sept. 20, 2023 /PRNewswire/ -- Norwegian-based technology business, The Social Gaming Group, has agreed a new franchise partnership with UAE-based hospitality expert RMAL Hospitality, as part of its continued international expansion plans for gastro-gaming entertainment concept, Och...

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