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Page 2

Xingsheng rallies with $40m KKR investment
Tencent-backed Furong Xingsheng raised the funding at a $700m valuation and will use the cash to expand its neighbourhood-based grocery stores into additional small towns and cities.
Corporate venturing deal net: 22-26 July 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Didi Chuxing mobilises Toyota for $600m deal
Toyota will invest $600m into Didi Chuxing and form a joint venture also involving GAC Toyota Motor that will be focused on vehicle-related services for ride hailing drivers.
Sodexo seizes minority stake in Zeta
Zeta has netted an amount from Sodexo Benefits and Rewards reported to be below $60m, at a valuation confirmed by the card-issuing technology provider to be $300m.
OpenAI closes $1bn investment from Microsoft
The artificial intelligence researcher is partnering Microsoft to enhnace the latter's Azure platform, and has netted $1bn from the corporate in return.
SmartE plugs into Mitsui for series B cash
Mitsui has invested $14.5m in SmartE, which will use the proceeds to expand its fleet of electric-powered rickshaws and strengthen its charging infrastructure.
Paytm Mall sells stake to eBay
The online retailer has added eBay to its shareholders after the online auction platform purchased a 5.5% stake in return for a reported $150m to $200m investment.
Every.TV tastes $23m funding
Itochu-Shokuhin has provided $23m to the media company known for its video recipe platform, Delish Kitchen.
Graduway honours $60m investment
K1 Investment Management has provided funding to Graduway just over a year and a half after Susquehanna International Group injected $12.7m.
Raisin accounts for $29m
Goldman Sachs has put $25m of funding into Raisin to drive an expansion into the US and into two additional European markets.

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