Swedish startup evroc, which is backed by EQT Ventures and Norrsken VC, plans to raise and invest 3 billion euros ($3.2 billion) over the next couple of years to start operating two "hyperscale" data centres.
Italian energy giant Eni has entered exclusive talks to acquire private-equity backed gas and oil producer Neptune Energy after sweetening its previous offer to below $6 billion, industry sources said.
U.S. venture capital giant Sequoia plans to split off its Chinese and Indian/Southeast Asian businesses into two independent firms, it said on Tuesday, as it tries to better navigate economic and geopolitical challenges.
Shein is threading the world’s trickiest geopolitical needle. The fast fashion phenom, now worth $66 billion, is a formidable rival to Inditex's Zara and H&M thanks to its marketing prowess and efficient Chinese supply chains – and despite the U.S.-China trade war. But rising American pressure is forcing it to tweak its business model right as it tries to list there.