Bain Capital led another tranche for the Nio and Xiaomi-backed refuelling and recharging platform developer, taking its latest round to $300m.
NewLink Group, a China-based motoring services platform developer backed by electric vehicle (EV) manufacturer Nio and electronics manufacturer Xiaomi, raised $200m in funding yesterday. Private equity firm Bain Capital led the close, which included Joy Capital, the venture capital firm known as Yuyue Capital in Chinese. The transaction was facilitated by investment banking firm China…
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