And, Youzan launched an “international version” product plan to recruit overseas e-commerce companies to participate in internal testing; SoftBank Group announced a new investment plan of US$10 billion.
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Globalization of Chinese Enterprises
Lufax applied for an IPO in the U.S. Secret Exchange last week and plans to raise US$2 billion. It is learned that Lufax has submitted an IPO application in the United States. The investment banks chosen by Lufax include UBS, Goldman Sachs, HSBC and Merrill Lynch. A person close to the listing team said that Lufax plans to raise US$2 billion this time, but the specific fundraising scale has not yet been finalized.
Youzan launched the “International Version” product plan to recruit overseas e-commerce companies to participate in the internal beta. It is learned that SaaS service provider Youzan has officially launched the international version of the product plan yesterday and has begun to recruit overseas e-commerce companies to participate in the internal beta. Youzan was established in 2012, mainly to provide business-oriented Internet software products for businesses, helping businesses to open online stores, social marketing, and expand new retail business.
India
Microsoft intends to invest US$100 million in Paytm. According to Indian media citing people familiar with the matter, Paytm has negotiated with US technology giant Microsoft, hoping to raise new financing to deal with the increasingly fierce competition in the industry. According to reports, the new round of financing is about 100 million US dollars. At present, Alibaba’s Ant Technology is still Paytm’s largest investor.
FreshToHome, an Indian fresh food e-commerce platform, has raised $16.2 million in financing. It is learned that the Indian Internet company FreshToHome recently received 16.2 million US dollars in financing, and the investor is Ascent Capital India. FreshToHome was founded in 2015 and is headquartered in Bangalore, India. It is a fresh food e-commerce platform selling fruits, vegetables, seafood and meat. India is currently the world’s largest producer of milk and the second largest producer of fruits and vegetables.
The investment agency Rocketship.VC completed the second round of fundraising. According to DealStreetAsia, Rocketship.VC, a venture capital firm supported by many Indian technology companies, recently completed a $100 million fundraising. In the future, Rocketship will use the funds raised to continue investing in start-ups in India. Rock