In addition, Xingshen Intelligent has completed a 100 million yuan financing, unmanned vehicles have been deployed in more than 20 cities at home and abroad; the voice social media Clubhouse has opened an online payment function.
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Globalization of Chinese Enterprises
In Q1 of 2021, Bigo Live ranked sixth in the global non-gaming app revenue list. According to the third-party monitoring platform App Annie, in the first quarter of 2021, Bigo Live, the global live broadcast community of Huanju Group, ranked sixth in the global non-gaming app revenue list. App Annie pointed out that due to the continued spread of the world epidemic, the “restriction order” has greatly stimulated user consumption on video social platforms. In the first quarter, users worldwide spent 32 billion US dollars on iOS and Google Play, an increase of nearly 40% over the same period last year.
Changsha Xingshen Intelligent Technology Co., Ltd. completed a round A financing of 100 million yuan. It is learnt that the investors in this round of financing include Yuanfang Fund, Yannan Artificial Intelligence Industry Fund, Shenzhen Dedinghong and Youbixuan. It is reported that the funds raised this time will be mainly used for technology and product development and commercialization. In terms of market layout, Xingshen Intelligent has deployed hundreds of terminal logistics unmanned vehicles in more than 20 cities and regions at home and abroad.
Southeast Asia
The Southeast Asian logistics company J&T had a valuation of US$6 billion before financing, far higher than the estimated US$1 billion. According to Tech in Asia reports, Hillhouse Capital, Boyu Capital and Sequoia China will participate in J&T’s financing. It is reported that in 2015, Li Jie founded “J&T Express” in Indonesia. In 2018, J&T has deployed the entire Southeast Asia. In September 2019, Li Jie brought J&T back to China, obtained the license through “backdoor” Longbang Express, and changed its name to Extreme Rabbit Express. At present, J&T already has a considerable scale of express logistics business in China.
Glints, a career development and talent recruitment platform, has raised $22.5 million in financing. It is learned that the career development and talent recruitment platform Glints has received the latest round of financing, led by PERSOL Holdings, a human resources consulting group, and this round of financing reached US$22.5 million oversubscribed. The funds will be used to continue to build a talent ecosystem in Greater Southeast Asia through technology, and plan to develop more platform capabilities.Nenghe Human Resources Solutions aims to serve the career development of 120 million white-collar talents in Greater Southeast Asia and solve the problem of regional talent shortage.
India
The Indian e-commerce company Meesho completed a financing of US$300 million, with a valuation of US$2.1 billion. According to Tech in Asia reports, the lead investor in this financing is SoftBank, and participants include Prosus Ventures, Facebook, and Shunwei Capital. Meesho is India’s fourth technology innovation company to become a unicorn this year. The financing will be used to recruit talents in technology, products, and business to build a stronger talent team.
Byju’s acquired Aakash Educational Services for nearly $1 billion. According to TechCrunch, the latter is an offline tutoring institution with a 33-year history. Byju’s said that this acquisition will help further consolidate its leading position in the world’s second largest Internet market and accelerate its offline business growth.
Europe and America
Voice social media Clubhouse has opened an online payment function. According to TechCrunch, this feature allows users to “tip” favorite authors or speakers. All “rewards” will go to the author’s or speaker’s wallet; Clubhouse’s online payment technology support company Stripe will draw a small commission; Clubhouse will not draw any commission from it.
KKR announced that it has completed the fundraising of its funds, with a total of 15 billion U.S. dollars. It was learned that the investors in this round included existing KKR investors. It is reported that this fundraising is another round of fundraising after KKR raised funds for Asian Fund III three years ago. The fund will focus on private equity investments in the Asia-Pacific region.
FF submits listing documents to the US Securities Regulatory Commission and will be listed on Nasdaq in May as soon as possible. The Paper reported that on April 5th, U.S. time, Faraday Future (Faraday Future, referred to as FF), which is about to complete the merger transaction with PSAC and traded on Nasdaq under the stock code “FFIE”, formally submitted S4 to the US Securities Regulatory Commission. Listing documents. As the most important legal registration document in the US Securities Regulatory Commission’s corporate listing process, the submission of the S4 document signifies that FF is expected to enter the countdown to the Nasdaq in the second quarter, and the listing transaction process may be completed within May.
Africa
Indian telecommunications company Airtel Africa Subsidiary Airtel Africa received a capital injection of US$100 million. According to Techpoint Africa reports, in the previous mid-March, Airtel Africa had received US$200 million in financing. This additional funding came from MasterCard. At the same time, MasterCard acquired Airtel Mobile Commerce, a subsidiary of Airtel Africa. BV (AMC BV) 3.75% of the shares. Airtel Africa has stated that it plans to explore listings in the next four years.
The fund of Egyptian venture capital company Sawari Ventures completed a new round of fundraising, raising US$71 million. According to MenaBytes, investors in this round of financing include financial companies such as Misr Insurance Group, Kuwait Investment Authority’s Ekuity, and National Bank of Egypt. This batch of funds is only used to invest in Egyptian start-ups.
Latin America
The financial technology company dLocal completed a financing of US$150 million and was later valued at US$5 billion. According to TechCrunch, dLocal received US$200 million in its last round of financing and was subsequently valued at US$1.2 billion. The lead investor of this financing is Alkeon Capital. dLocal’s business is distributed in 29 countries in the Pacific Ocean, Middle East, Latin America, Africa and other places. This financing will be used to enhance the company’s technical strength and continue to expand the geographic scope of business distribution.
Brazilian financial technology company Cora completed a US$26.7 million Series A financing. According to TechCrunch, the lead investor in this round of financing is Ribbit Capital, a venture capital firm in Silicon Valley. Cora provides digital checking accounts, Visa debit card processing and billing, cash flow management services. The financing will be used to add new functions of online banking and launch new credit portfolio products.
Other
South Korea’s LG Electronics Group announced the termination of its mobile phone manufacturing business. LG said that until the end of May, the company will continue to produce mobile phones to meet customer needs, and promised to provide corresponding after-sales service to LG mobile phone users after giving up the mobile phone business. LG Electronics is a technological innovator in the fields of consumer electronics, mobile communication products and household appliances, mainly providing home entertainment products, mobile communication products, household appliances, air conditioners and commercial solutions.
Text |Zhu Ruotong
Figure | Figure Worm
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