And, the joint Chinese online literature plan to go overseas was launched; Grab’s financial sector plans to raise US$300-500 million.
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Globalization of Chinese Enterprises
Vice President of Brazil: Will not restrict Chinese companies from participating in 5G project bidding. When talking about the topic of 5G, Brazilian Vice President Moro said that we will not adopt discriminatory policies against companies participating in bidding and will not restrict companies from specific countries from participating. He also emphasized that Huawei has been operating in the Brazilian market for many years and is an important communications equipment supplier. Without Huawei, Brazil’s 5G network construction will be delayed. (Xinhua News Agency)
China’s online literature joint overseas plan was launched. It was learned that on September 6, the “Internet Literature Going Global” forum of the 4th China “Internet Literature +” Conference was held in Beijing. Tweet Technology, with 100 key literary websites and well-known writers in the United Nations, jointly launched the open platform for online literature to go to the sea “Tweet Out of the Sea.” According to the official introduction, the “China Online Literature Joint Export Program” was officially launched. In the next year, 10,000 Chinese works will be translated overseas through the program.
Byju’s, India’s online education unicorn, has received another $500 million in investment. According to ET Tech, US private equity giant Silver Lake Capital recently decided to invest another US$500 million in Byju’s. It is estimated that after this investment is completed, Byju’s valuation will reach 10.8 billion US dollars. Earlier, Byju’s had just raised $122 million.
IFC, a subsidiary of the World Bank, provided $40 million in extended debt to Indian chemical company DCM Shriram. According to DealStreetAsia, the International Finance Group (IFC), a subsidiary of the World Bank, recently provided $40 million in extended debt to Indian chemical giant DCM Shriram. DCM Shriram plans to use this loan to fill the huge cash flow gap. DCM Shriram is a leading company in the plastics industry in India. Its main products include various plastic products.
Investment agency StartupXseed began to raise a new fund, and it is expected to raise $26 million. According to DealStreetAsia, Indian investment agency StartXseed plans to launch a new fund with a scalep>