NYSE-listed auto parts supplier Aptiv has picked up an 18% stake in Chinese self-driving technology provider MAXIEYE Automotive Technology for 570 million yuan ($80.1 million), according to a company release on Thursday. Aptiv will tie up with MAXIEYE to develop a computing platform that integrates advanced algorithms and Wind River software, as the firm seeks… Continue reading Aptiv buys 18% stake in Chinese self-driving tech provider MAXIEYE for $80mMAXIEYE is also backed by Fosun Capital, Texas Instruments, and Ambarella.
Author: Deal Street Asia Online News
Chinese developer Jiayuan to be delisted after failure to meet HKEX guidelinesShares of Jiayuan have been suspended since April 3.
Chinese property developer Jiayuan International said the Hong Kong stock exchange has decided its shares will be delisted on Oct. 29 after the company did not meet guidelines for the shares to resume trading by an 18-month deadline. Jiayuan was one of the first Chinese property developers ordered by the Hong Kong court to liquidate since the sector… Continue reading Chinese developer Jiayuan to be delisted after failure to meet HKEX guidelinesShares of Jiayuan have been suspended since April 3.
India approves $119m fund to propel space startupsThe fund, first proposed in July, will be managed by the country’s space regulator.
The Indian government on Thursday approved a 10 billion rupee ($119 million) fund for its burgeoning space sector, with 40 startups expected to benefit as the country strives to win a significant share of the commercial space market by 2033. With funding ranging from 100 million to 600 million rupees depending on how mature each… Continue reading India approves $119m fund to propel space startupsThe fund, first proposed in July, will be managed by the country’s space regulator.
China’s Li Ning sets up JV with HongShan to take sportswear brand overseasThe JV is set to help the sports brand expand into international markets.
Hong Kong-listed Chinese sportswear juggernaut Li Ning Company has tied up with venture capital firm HongShan, previously known as Sequoia Capital China, to form a joint venture (JV) tapping into the development and operation of Li Ning’s brand business overseas. Li Ning, the executive director and joint chief executive officer, and his eponymous listed firm… Continue reading China’s Li Ning sets up JV with HongShan to take sportswear brand overseasThe JV is set to help the sports brand expand into international markets.
GIC, Montana, AlpInvest back Ping An’s $850m private equity fund The fund includes a mandate to co-invest in opportunities with its existing global GP…
China’s Ping An Insurance Overseas, the insurer’s wholly-owned offshore investment and asset management platform, has closed its third private equity (PE) fund at $850 million, according to a company announcement. The fund commitments were led by London-based AlpInvest Partners and Switzerland’s Montana Capital Partners. Singapore sovereign wealth fund GIC and Ping An also signed on… Continue reading GIC, Montana, AlpInvest back Ping An’s $850m private equity fund The fund includes a mandate to co-invest in opportunities with its existing global GP…
Platinum Equity’s Ingram Micro to raise about $409m in US IPOIngram Micro and its PE owner, Platinum Equity, sold 18.6m shares.
Ingram Micro priced its US initial public offering at $22 per share, within its targeted range of $20 and $23 on Wednesday, to raise $409.2 million, the technology distributor said. Ingram Micro and its private equity owner, Platinum Equity, sold 18.6 million shares at $22 each. The IPO valued the Irvine, California-based company at around… Continue reading Platinum Equity’s Ingram Micro to raise about $409m in US IPOIngram Micro and its PE owner, Platinum Equity, sold 18.6m shares.
Horizon Robotics shares debut in Hong Kong after $696m IPOThe deal is the largest IPO in Hong Kong in 2024.
Shares of Chinese autonomous vehicle maker Horizon Robotics opened 28.3% higher on the Hong Kong stock exchange on Thursday after the company raised $696 million in an initial public offering. The deal is the largest IPO in Hong Kong in 2024 after it sold 1.355 billion shares at HK$3.99 each, according to the company’s filings.… Continue reading Horizon Robotics shares debut in Hong Kong after $696m IPOThe deal is the largest IPO in Hong Kong in 2024.
Chinese self-driving startup WeRide files for $119m Nasdaq IPOIt also plans to raise $320.5m in a private placement.
Chinese self-driving startup WeRide has filed for a $119.4 million initial public offering on Nasdaq and a private placement of $320.5 million, according to a term sheet seen by Reuters on Wednesday. As part of the offering, the Guangzhou-based company will offer 6.5 million American depositary shares in a price range of $15.5 to $18.5… Continue reading Chinese self-driving startup WeRide files for $119m Nasdaq IPOIt also plans to raise $320.5m in a private placement.
IFC weighs up to $50m investment in Creador’s sixth flagship fundCreador VI is an $800m PE fund focused on mid-market companies in South and Southeast…
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Green Climate Fund pledges $15m to Pakistani VC firm SarmayacarThe move will help startups tackle the impact of climate change.
The Green Climate Fund (GCF) has committed $15 million to Pakistani venture capital firm Sarmayacar, the venture fund said on Wednesday, so it can help startups tackle the impact of climate change in the country that has been at the forefront of extreme weather. Flooding in Pakistan, which scientists said was aggravated by global warming,… Continue reading Green Climate Fund pledges $15m to Pakistani VC firm SarmayacarThe move will help startups tackle the impact of climate change.