23 0

Chinese grocery app Xingsheng Youxuan raises $2 billion in new funding round: sources

Headquartered in central China’s Hunan province, three-year-old Xingsheng Youxuan delivers online bulk orders to offline grocery stores located inside or near residential communities. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.

Regulators are urging internet giants to not compete too aggressively for customers. This suggests market share will stay fragmented, and that no single large player will dominate. Platforms and retailers will want to capture demand from every possible mode of distribution. High-End Amenities – This building is designed to be a luxurious and chic office building, whats data stash providing business personnel with the highest quality facilities. With modern design, a fully equipped gym, café, restaurant and office equipment, all provided with top class service, Chinese xingsheng 2b kkr 6b is sure to exceed the demands of any professional. Chinese xingsheng 2b kkr 6b is an exciting new commercial building development in Beijing, China.

Doh’s deals at Rakuten Ventures included ride hailing service Gojek, digital marketing platform From Scratch, office food delivery service Okan and MakeLeaps, the digital invoicing platform developer purchased by stationery products supplier Ricoh in late 2018. US-based cloud security software provider Lacework completed a $525m funding round featuring Liberty Global Ventures and Snowflake Ventures, representing mass media group Liberty Global and data management technology producer Snowflake respectively. Private equity firm Sutter Hill Ventures and technology investment firm Altimeter Capital co-led the round, which included D1 Capital Partners, Coatue, Dragoneer Investment Group and Tiger Global Management. A-/Stable/–China’s top two dairy companies established a community buying channel at the start of China’s COVID outbreak.

The series D capital will allow 4Paradigm to accelerate its ambition to build an ecosystem around its offering. Launched in 2015 after being incubated within Alphabet’s Google X division, Verily is working on hardware and software products in partnership with other companies to utilise data in drug development and disease management. The funding has been allocated to advancing the startup’s core platforms, including those focusing on gene delivery, immunology, stem cell biology and gene modification and control. Databricks has created a data management platform that can handle all structured, semi-structured and unstructured data for enterprise-scale analytics. The technology is based on Apache Spark, the open-source analytics software developed at University of California, Berkeley, by some of Databricks’ co-founders, including chief executive Ali Ghodsi, who continues to be an adjunct professor at the university.

South Korea-listed conglomerate Samsung shook up its two US-based corporate venturing units. Young Sohn retired as president and chief strategy officer of Samsung Electronics, Sean Kae came in as acting head of Samsung Strategy and Innovation Center and David Lee joined as head of Samsung Next. Auth0’s software platform enables app development teams to secure and authorise access for users, mobile devices and other applications. Netherlands-headquartered customer service software provider Messagebird added $800m to a series C round featuring media group Bonnier, expanding it to $1bn.

IronSource, the Israel-based app monetisation software provider backed by conglomerate Access Industries, agreed a reverse merger with a SPAC at an $11.1bn pro forma equity valuation. The company joined forces with Thoma Bravo Advantage, which is sponsored by private equity firm Thoma Bravo, and will obtain the listing on the New York Stock Exchange it received in a $900m IPO. Formed in 2004 in the city of Zhuhai, Apexmic produces microcontrollers, chips for smart printers and internet-of-things systems, and secure system-on-chip technology for network communication. The company provides its technology for customers in industries including defence, aerospace, healthcare, semiconductor, cybersecurity and connected IT. It recently launched a chip that will be used in the cartridges of Epson’s EW-M530F printers. SoftBank’s Vision Fund 2 co-led a $640m series E round for Singapore-headquartered intelligent retail technology provider Trax with investment management firm BlackRock.

Many data-driven and data-dependent businesses have either moved operations completely to the cloud or reduced their operational expenses on private data centres. The Singapore office will also enable us to capture potential from the rapid pace of digitization and meet the demand for internet-based services and solutions in Singapore, Tencent said in a statement. Community e-commerce connects online traffic to neighbourhood infrastructure (retail stores/pick-up points/mini-warehouses) with better fulfilment efficiency than existing e-commerce and increases online supply at lower prices through supply chain restructuring. Creighton Hicks left his partner role at Dell Technologies Capital, the CVC subsidiary of US-based computing equipment provider Dell, to join VC firm LiveOak Venture Partners.

It aims to expand into online retail, digital payments, education and healthcare, building an ecosystem modelled on that of China-based Alibaba. Chinese community grocery shopping app Xingsheng Youxuan has raised about $2bln in a new funding round that values the company at $6bln prior to the fresh capital injection, 3 people with knowledge of the matter told Reuters. Private equity firms FountainVest Partners, Primavera Capital Group and KKR & Co are among investors in this round, 2 sources said. Internet and gaming giant Tencent Holdings, which is an early backer of Xingsheng Youxuan, also invested in this round, one of them said. Legend Capital, the VC firm spun off by China-based conglomerate Legend Holdings, closed its latest fund, LC Fund VIII, at $500m. The LPs included undisclosed existing LPs as well as corporate investment funds, sovereign wealth funds, family offices and private pension funds.

The report also provides a detailed analysis of the COVID-19 impact on the community e-commerce market. Jaclyn Kossmann, former senior investment manager at corporate venturing unit Applied Ventures , has joined In-Q-Tel , the strategic investment vehicle for the US government’s intelligence community, as an investor. AV, the cCVC arm of US-listed materials engineering technology provider Applied Materials, hired Kossman, a GCV Rising Star 2021 award winner, in 2017. Wendell Brooks, senior vice-president at US-listed chipmaker and data technology provider Intel and president of its corporate venturing unit, Intel Capital, resigned after six years of heading the unit. Anthony Lin, who had been leading M&A and international investing for Intel, assumed leadership of the unit on an interim basis.

The Chinese technology conglomerate is pushing ahead with global expansion plans, despite recent app bans in India and the United States. Tencent is planning to open a new office in Singapore, which will be its regional hub for Southeast Asia, where it also has offices in Malaysia, Indonesia, and Thailand, the company said in a statement on Tuesday. The fundraising signed just before the Lunar New Year, was led by Sequoia Capital China and has also attracted property developer China Evergrande Group and Singapore’s sovereign wealth fund Temasek, said a separate person with direct knowledge. The company, which also posted its slowest ever annual revenue growth at 16%, said revenue in its online advertising business fell 13% in the fourth quarter.