The operator of South Korea’s largest food delivery app has secured a $320 million investment from Hillhouse Capital, Sequoia Capital and GIC, it said on Thursday, in a deal that values the startup at about $2.6 billion.
Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, said on Wednesday it has raised $200 million in its latest funding round, increasing the company’s valuation to $2.2 billion.
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.
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.
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.