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Twitter Tried to Acquire Indian Social Network ShareChat
Feb 22 2021 · 12:01 UTC | Updated
Feb 22 2021 · 12:33 by Kofi Ansah · 3 min read
Photo: ShareChat / LinkedIn
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Twitter participated in ShareChat’s Series D round back in 2019, leading the 100 million financing round.
Twitter Inc (NYSE: TWTR) recently tried to purchase ShareChat, an Indian social media startup according to reports. The social media giant held talks, offering $1.1 billion for ShareChat in a bid to expand its reach in the world’s second-largest internet market.
Reports suggest that Twitter expressed its desire to make Moj, ShareChat’s short-form video app, a popular app and a direct rival to Chinese video-sharing social networking service TikTok. Twitter’s plan however isn’t going to manifest as talks collapsed which subsequently saw both parties pull out.
Health and wellness technology has received a big boost from venture capital.
“VC deal activity within this space has spiked significantly,” with $8.3 billion worth of venture capital deals in 2020, PitchBook analysts said in a new research report. That’s 70 percent more than enterprise-oriented companies within enterprise health and wellness received in 2019 and the most venture funding they’ve obtained in at least a decade, according to the report.
The most active venture capital firms in enterprise health and wellness tech since 2018 include Oak HC/FT, F-Prime Capital, and Echo Health Ventures, while the top private equity firms in the area since 2008 include Warburg Pincus, Francisco Partners, and Blackstone Group, the report shows. PitchBook, which tracks private-market data, projects the valuation of the sector will double to $1.3 trillion by 2025, from $640 billion at the end of June.
From:ChinaDaily | 2021-01-26 10:18
Chinese online education startup Huohua announced on Monday that it has raised $150 million its series E-3 round of fundraising, which marked its third round of financing within five months.
The new round was led by Trustbridge Partners and Lighthouse Capital continued to be the financial advisor.
As of now, the firm has raised $400 million in its series E round of financing, after raising $150 million in August and $100 million in October.
Huohua mainly offers online mathematic thinking lessons to children and expanded its business to online Chinese livestreaming classes and AI early English tutoring over the past two years.
Chinese edtech firm Huohua Siwei nets over $400m in Series E round
Online Education Premium
Huohua Siwei, a Beijing-based online K12 platform for mathematics and science education, on Monday said it has closed its Series E round funding raising over $400 million.
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