In addition, the “first share of hip-hop” pop culture will go to the US for an IPO; Mexico’s B2B wholesale platform Meru has received a seed round of funding of 2.3 million US dollars and wants to become “Latin American Alibaba.”

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Globalization of Chinese Enterprises

Hello travel secretly submits an IPO application to the United States. According to Bloomberg reports, China Mobile’s travel platform Haro Travel has secretly applied for an IPO in the United States, and has already planned listings with CICC, Credit Suisse Group and Morgan Stanley. It is reported that Harbin Travel’s fundraising scale this time may reach 1 billion U.S. dollars. So far, the travel party has not responded.

“Hip Hop’s first share” Pop Culture will go to the US for IPO. According to a report from China Music Finance and Economics, a few days ago, Hip-Hop culture company “Popu Culture” submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) and plans to be listed on the Nasdaq under the trading code “CPOP.” It plans to issue 6 million Class A common stocks at a price range of US$4 to US$6. Based on the median value of the issuance price range of US$5, Pop Culture expects to receive approximately US$26.9 million from the issuance.

Li Ning participated in the creation of SPAC and applied for listing on the New York Stock Exchange, raising approximately US$250 million. According to Sina Finance, a special purpose acquisition company (SPAC) founded by former Chinese gymnast Li Ning is seeking to raise approximately US$250 million through a IPO. The media quoted documents submitted to the SEC that Li Ning worked with private equity fund Lane Capital and former Goldman Sachs executives to create a special purpose acquisition company Trinity Acquisition Corp. The latter seeks to list on the New York Stock Exchange, sell approximately 25 million shares at a price of $10 per share, and intends to complete the initial merger transaction within approximately 24 months.

Southeast Asia

Temasek participated in Snyk’s US$300 million Series E financing. According to e27 reports, Snyk, a UK-based cyber security company, announced that it has raised US$300 million in a Series E financing involving Temasek’s participation. Snyk said that the newly raised funds will be used to improve and expand its cloud security services.

The founder of Kopi Kenangan set up a fund for Indonesian start-ups. According to DealStreetAsia, the Indonesian coffee chain brand Kopi KenanganThe founders set up a fund specifically to invest in start-ups in Indonesia. It is reported that the invested company will receive an investment of US$10,000 to US$150,000. In addition to the logistics startup Dropezy that it invested in last week, the fund also supports other local startups, including the financial technology platform Bukukas and the podcast company Noice.

India

By 2025, the valuation of the Indian financial technology industry will reach US$150 billion to US$160 billion. According to YourStory, a report jointly issued by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and Industry (FICCI) stated that in the past five years, Indian financial technology companies have raised about 10 billion US dollars, so that the total valuation of the industry soared to 50 billion to 60 billion US dollars. By 2025, the valuation of the Indian financial technology industry will reach 150 billion to 160 billion U.S. dollars.

Indian ride-hailing giant Ola’s valuation fell 50% to US$3.3 billion. According to KrASIA, a report by Capital Quest stated that between December 31, 2019 and June 30, 2020, Vanguard Group, the largest U.S. mutual fund and ETF giant, will value its equity It is reduced by 45% in dollar terms. At the same time, Ola’s valuation plummeted to $3.3 billion. In addition, Ola’s income has also fallen by about 95% due to the nationwide lockdown imposed by India to curb the spread of the epidemic.

Europe and America

Roblox, the world’s largest online creative game platform, is launched. It was learned that on March 10th, US time, Roblox, the world’s largest multiplayer online creation sandbox game platform, was listed on the New York Stock Exchange under the stock code RBLX. As of press time, the stock price has soared by nearly 55%, closing at US$69.50, and the company’s valuation is more than US$45 billion. Roblox completed a $150 million Series G financing led by Andreessen Horowitz in February last year, and completed a $520 million Series H financing led by Altimeter Capital and Dragoneer Investment Group in January this year.

The news said that the news aggregation site BuzzFeed will be listed through SPAC. According to a report from Sina Technology, people familiar with the matter revealed that the US news aggregator BuzzFeed plans to go public through a merger with a special purpose acquisition company (SPAC) called a partner at 890 Fifth Avenue. People familiar with the matter said that once listed, the company canCan use the cash on hand to start a later acquisition. The value of this transaction is unclear. Like other deals that have not yet been finalized, the terms of the deal may change and negotiations may eventually break down. Neither BuzzFeed nor the partner at 890 Fifth Avenue could comment on this.

Visa announced that in February, the year-on-year increase in total US payments narrowed to 9%. According to Zhitong Finance, Visa announced a 9% increase in total US transaction payments in February, lower than the 11% increase in January due to adverse weather conditions and reduced revenue from stimulus-related expenditures. Despite the slight slowdown in growth, Visa said the improvement in payments last month was due to a 22% increase in debits and a 4% decline in credit.

Latin America

Mexico’s B2B wholesale platform Meru has received a seed round of funding of US$2.3 million and wants to become “Alibaba in Latin America.” We learned from overseas that Meru, a B2B wholesale platform in Mexico, has completed a seed round of US$2.3 million. Investors include Mountain Nazca, Marathon Lab and H20 Capital Innovation. In addition, angel investors include David Geisen, country manager of Mercado Libre, the largest e-commerce platform in Latin America, Roger Laughlin, founder of Kavak, a Mexican unicorn used car platform, and Ricardo Weder, CEO of Jüsto, a fresh grocery platform in Mexico. It is reported that Meru was established in 2020 and is positioned as a B2B one-stop wholesale platform connecting small and medium-sized sellers in Latin America and Chinese suppliers, opening up all aspects of cross-border procurement, customs clearance, logistics and payment.

Others

Korea Automobile Association: Last year, global electric vehicle sales increased 44% year-on-year. According to a report by the Financial Association, the Korea Automobile Manufacturers Association (KAMA) released a data on the 11th, showing that global electric vehicle sales totaled 2.943172 million in 2020, an increase of 44.6% year-on-year. According to the brand, Tesla sold 442,000 vehicles, winning the championship for two consecutive years. Volkswagen Group ranked second with sales of 381,000 vehicles. General Motors Group, which ranked third, consolidated sales through the “Hongguang MINI” model launched by a joint venture with Chinese car maker Wuling, and sold 222,000 vehicles. Hyundai Motor Group jumped to fourth place with sales of 198,000 vehicles.

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