How SoftBank’s six-year, $11b bet on Chinese ride-hailer Didi turned sour
As of Friday’s close, SoftBank’s stake was worth just around $11.2 billion, making the bet barely profitable.
China says firms with large user data to undergo security before overseas listing
China’s cyberspace regulators are imposing tighter restrictions on data collection and data storage.
Chinese antitrust regulator blocks Tencent’s $5.3b video games merger
Tencent first announced plans to merge Huya and DouYu last year to streamline its stakes in the firms.
Russia’s Yandex pulls out of deal to buy online fashion retailer KupiVIP
In May, Yandex had agreed to buy the online retailer to enhance its Yandex.Market offering.
Tiger Global leads $104m funding in Indian used car retailer Spinny
Tiger Global has alone invested about $74 million in the round.
Editor’s take: The week that was — July 5-10
Here’s a quick recap of our top headlines, exclusive stories and analytical pieces.
Indian PE firm True North is expanding into private credit space, says top executive
Private credit, today, is where private equity was 15 years ago, says managing partner Vishal Nevatia.