Wednesday, January 5, 2022

Internal email: India's Udaan, which operates a B2B marketplace, raises a $200M convertible note and $50M debt, bringing its total raised to $1.4B (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Internal email: India's Udaan, which operates a B2B marketplace, raises a $200M convertible note and $50M debt, bringing its total raised to $1.4B  —  Indian commerce startup Udaan, which helps merchants secure inventory and working capital, has raised $250 million as it accelerates …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...