In addition, Traveloka and SCB 10x established a joint venture company to provide digital financial services in Thailand; Indian educational technology unicorn Byju’s will raise US$500 million to US$600 million.
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Globalization of Chinese Enterprises
Zhihu will be listed on the NYSE tonight. It was learned that Zhihu will be listed on the New York Stock Exchange on the evening of March 26, Beijing time, with the stock code “ZH”, and the IPO price is set at $9.5 per ADS. Zhihu will raise funds through this IPO A total of US$850 million (after full exercise of the over-allotment option).
Alibaba Cloud FaaS entered the Forrester Global Leaders Quadrant. It is learned that Forrester, a global consulting and service organization, released the FaaS platform evaluation report for the first quarter of 2021. Alibaba Cloud, with its advantage in the world’s first product capability, scored the highest score in eight evaluation dimensions, and became the world’s top leader. Three FaaS leaders. This is also the first time that a domestic technology company has entered the FaaS leader quadrant. Currently, Alibaba Cloud Function Computing has integrated 30 cloud products and has the most complete serverless product matrix among cloud vendors.
Southeast Asia
Traveloka and SCB 10x formed a joint venture company to provide digital financial services in Thailand. According to Tech in Asia reports, SCB 10x, the technology and innovation department of Thailand’s Siam Commercial Bank (SCB), announced the establishment of a joint venture with Indonesian travel giant Traveloka to provide digital financial services in Thailand.
Philippines live streaming application Kumu will complete US$15 million in financing. According to a DealStreetAsia report, people familiar with the matter revealed that the Philippine live broadcast application Kumu will complete a US$15 million Series B financing led by Openspace Ventures. It is said that this round of financing has been oversubscribed, and more than 40 investors have expressed interest in investing.
Hmlet CEO and co-founder resigned. According to the Business Times, Hmlet CEO and co-founder Yoan Kamalski resigned after five years at the helm. His resignation was part of a series of resignations for the cohabiting startup.Robinhood is building a new IPO platform, including its own IPO. The platform will allow users of its trading app to snap up stocks with Wall Street funds. This move may further weaken Wall Street’s control of the stock market. Considering that the company and its investment bankers strictly control the allocation of investors in the issuance of new shares, Robinhood’s own IPO will be easier to implement.
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