And, Manbang Group is about to go to the United States for an IPO, and the amount of funds raised will exceed 1 billion US dollars; the world’s third largest chip foundry will soon be listed in the United States.
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Globalization of Chinese Enterprises
It is rumored that Didi plans to go to the United States for an IPO, this month or secretly submit the listing documents. According to a report by Tencent Technology, people familiar with the matter revealed that Didi Chuxing has entrusted Goldman Sachs and Morgan Stanley to lead its IPO and plans to secretly submit a New York listing application this month. All three parties have declined to comment. People familiar with the matter also revealed that Didi Chuxing is seeking to go public as early as July.
Manbang Group is about to go to the United States for an IPO, and the amount of funds raised will exceed 1 billion US dollars. According to Latepost reports, Manbang’s listing counseling agencies are Morgan Stanley and CICC. People familiar with the matter said, “Manbang will soon submit the form publicly and it is expected to be listed at the end of April and early May.” The main business of Manbang Group is the vehicle-to-cargo information matching platform for intercity trunk line logistics, connecting truck drivers and cargo owners. , Known as the “freight version of Didi.”
The domestic mobile game won nearly 40% of the global market share in March. On April 8, according to the Shanghai Securities News, SensorTower released the global revenue ranking of Chinese mobile game publishers in March. 37 domestic mobile game publishers had global revenue of more than US$2.29 billion in March, accounting for the total global mobile game revenue Tencent, NetEase, and Mihayou are ranked in the top three in 39.6% of the list.
Yuanqi Forest’s new round of strategic financing amounted to approximately US$500 million. The Financial Association reported that Genki Forest recently completed a new round of strategic financing with a financing amount of approximately US$500 million. The investment was led by the old shareholder Sequoia China, the new shareholder Warburg Pincus, and L Catterton. Temasek and the old shareholder Gao Rong, Longhu, etc. joined the vote. After this round of investment, the company is valued at US$6 billion, and the financing amount will be used to expand overseas markets, invest in the construction of factories, increase scientific research investment and continue to internationalize.
Southeast Asia
Grab announced that it will launch an endowment fund. According to Tech in Asia reports, Grab will launch a $275 million endowment fund this time to fund cooperative merchants, courier companies, drivers, and so on. It is reported that the fund will include US$50 million in cash and US$200 million in Grab shares, as well as Grab CEO and co-founder AnthonyTan, co-founder Tan Hooi Ling and President Ming Maa total $25 million.
MVLLABS, the parent company of Singapore’s online ride-hailing company, received US$15 million in Series B financing. According to a report from DealStreetAsia,MVLLABS is the parent company of the ride-hailing service company TADA. MVLLABS The company raised US$15 million in a Series B financing led by the Korea Auto Parts Manufacturers Center. Funds raised are used to provide the first electric car in Southeast Asia.
India
Indian used car platform Spinny completed a $65 million Series C financing. According to Inc42 reports, the funds will be used to expand new markets, strengthen technology and product capabilities, launch new business categories, and establish cross-functional teams. The company said in a report that part of the funds raised will also be used to buy back shares from seed and seed investors.
Tesla plans to import and sell Model 3 in India as early as the middle of this year. According to Zhitong Finance, Tesla is preparing to enter India. The company is looking for locations for showrooms and service centers in at least three cities in India (New Delhi, Mumbai, and Bangalore), and has appointed a new executive to take charge Lobbying work. Tesla’s goal is to import and sell Model 3 in India as early as the middle of this year. Last month, there were reports that Tesla was exploring an agreement with the power generation unit of Indian giant Tata Sons to establish a charging infrastructure network for electric vehicles in India.
Europe and America
Global Foundry, the world’s third largest chip foundry, plans to go to the United States for an IPO. According to Tencent News, Abu Dhabi’s sovereign wealth fund Mubadala Investment Company (Mubadala) revealed on Thursday that the company has begun an initial public offering (IPO) for its chip manufacturer GlobalFoundries in the United States. )prepare. The CEO of GlobalFoundries previously stated in an interview that the IPO is expected to take place in 2022.
Netflix won the exclusive rights to Sony Pictures in the United States. According to Variety, Netflix won the exclusive copyright of Sony Pictures in the United States in the auction for nearly two years. Netflix can give priority to movies that Sony is producing or authorizing specifically for streaming media platforms. The agreement will begin in 2022. Netflix also signed a first-view agreement with Sony for all original movies produced for the live streaming market.
Iyuno-SDI Group, an American media company, completed a US$160 million financing. According to TechCrunch, lyuno-SDI provides subtitle production and localization of media content. The lead investor in this round of financing is SoftBank, which will also become the largest shareholder of lyuno-SDI after the financing is completed. lyuno-SDI’s customers include Netflix, Apple iTunes, DreamWorks, HBO and Entertainment One.
Africa
The Egyptian payment company Paymob completed a US$18.5 million Series A financing. According to MenaBytes, the lead investor in this round of financing is Tiger Global. This is the largest A round of financing in the history of Egyptian science and technology company financing. Paymob provides online payment interfaces (APIs) for many merchants so that these merchants can obtain customer transfers directly from the website or App.
Latin America
Nubank raised funds for its Mexican branch Nu México, amounting to US$135 million. According to Labs reports, of the US$135 million, 70 million came from Nubank, and the other 65 million came from Morgan, Goldman Sachs, Bank of America, etc. It is reported that this investment will be used to recruit talents, develop technology, and expand local businesses.
Text | Zhu Ruotong
Figure | Unsplash
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