US biotech firm NiKang Therapeutics raises $200m in Series C round
NiKang’s $50 million-Series B round was led by RTW Investments.
SoftBank CEO Masayoshi Son’s pay fell by half last year
Son’s remuneration for the past business year fell by 52% to $915,000 including basic pay.
Chinese gaming firm NetEase seeks $1b in music streaming arm’s HK IPO
NetEase, one of the largest internet and video game companies in the world, is already listed on HKEX.
India: Patanjali to sell stake in Ruchi Soya via a follow-on public offer
Patanjali had acquired the erstwhile bankrupt firm known for the Nutrela brand of products in 2019.
IFC proposes $14m investment in Pakistan’s Alliance Healthcare
AHL operates a 320-bed flagship tertiary hospital, a medical college, and an institute of health sciences.
Emtek Group buys minority stake in Grab’s Indonesia unit in sign of deepening alliance
Grab had acquired a 4.6% stake in Emtek Group in March.
500 Startups Vietnam general partners launch their own VC firm
The firm plans to invest $500K to $2 million in 25 startups over the next three years.
Singapore’s 8i Capital files to raise $50m for second Asia-focused SPAC
Its first SPAC also raised $50 million in an IPO in the US in 2019.