Catherine Badour

China's AI start-up Megvii raising $500 million at $3.5 billion valuation, say sources: Reuters

Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, sources told Reuters.

Uber makes confidential filing for long-awaited IPO: Reuters

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley, Reuters reported.

Once mighty Noble Group faces insolvency protection after re-listing ban: Reuters

Noble Group (NOBG.SI) said on Friday it will seek changes to its original debt restructuring plan, with the spotlight now moving toward what the once mighty commodity merchant has called the alternative: insolvency protection.

China's Fosun Tourism raises $428 million in Club Med HK IPO, say sources: Reuters

China’s Fosun Tourism Group has raised $428 million in its Club Med holiday business initial public offering (IPO), pricing shares at the bottom of a marketed range, sources told Reuters.

SoftBank mobile services disrupted ahead of bumper IPO, shares drop: Reuters

SoftBank Group Corp’s mobile phone services were disrupted in some parts of Japan on Thursday, ahead of an initial public offering (IPO) of its domestic telecoms unit later this month that will potentially raise $21 billion, Reuters reported.

Baring Private Equity Asia to buy Japan's Pioneer for $900 million: Reuters

Baring Private Equity Asia will buy cash-strapped Japanese electronics firm Pioneer Corp (6773.T) for $900 million, in a two-stage investment that marks the latest attempt by the country’s car navigation system makers to survive, Reuters reported.

China's ByteDance to raise about $1.45 billion for its venture fund: The Information

Beijing ByteDance Technology Co, one of the world’s most valuable startups, is in talks to raise about $1.45 billion (9.97 billion yuan) to invest in artificial intelligence and media content, The Information website reported on Friday.

Israeli medical cannabis firm InterCure plans Nasdaq listing: Reuters

Israel’s InterCure (INCR.TA), which recently entered the medical cannabis market, plans to list on Nasdaq by mid-2019, its controlling shareholder, Alex Rabinovitch, said on Thursday.

Ride-hailing firm Lyft Inc files for IPO: Reuters

Ride-hailing company Lyft Inc beat bigger rival Uber Technologies UBER.UL in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies, Reuters reported.

Blackstone plans IPO of U.S. benefits manager Alight: Reuters

Private equity firm Blackstone Group LP (BX.N) is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, Reuters reported.