The companies have announced a new blockchain-based solution that will bring the distributed ledger technology to the telecommunications industry.
Apart from raising more capital through a public offering, Grab is expected to raise extra capital from private investors.
In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country.
Recently, ZT has successfully concluded the first round investment of millions of dollars. It was led by Softbank (UK) and followed by Cabin VC, Candaq and Dealean.
SoftBank (UK) made an investment of millions of dollars in ZT recently. It was also the first investment project of SoftBank (UK) in the layout of the blockchain industry.
WeWork is looking at a second attempt at a public listing and should complete a settlement with SoftBank.
Fueled by the pandemic, Coupang recorded gains of $12B, a 91% rise from 2019.
It is yet unclear which industries Elliott Management may be looking to pitch tents with but the hedge fund’s SPAC is bound to be one of the biggest.
SoftBank’s blank-check firm SPAC has been attracting some market players and investors by helping companies to go public. The SPACs are backed by SoftBank Investment Advisers that oversees the company’s Vision Fund.
SoftBank SPAC IPO will be overseen by SoftBank Investment Advisers which also runs the Vision Fund. Besides, Goldman Sachs Group and Citigroup will underwrite the deal.
If this falls true, Tokopedia will become the second behind PT Telekomunikasi Indonesia to have the dual listing combination of the US and Indonesia.
