Industry News Update – Week of 5/7/2018:

Last week, Xiaomi confidentially filed documents for its upcoming IPO where the company plans to raise $10 billion.

Grab is in talks to raise $1 billion at a $10 billion valuation to expand its ride sharing presence in Southeast Asia, following its recent acquisition of the Southeast Asian business of Uber Technologies.

A few weeks ago, Kabbage acquired Orchard, an online lending data and service platform, to processing payments for small businesses and enhance its automated lending platform.

The news articles and links presented below are available for your reference.

GRAB

“Ride-Hailing Firm Grab in Talks to Raise $1 Billion"

kABBAGE

“Kabbage Plan In Orchard Deal: Expand Offerings to Banks, Small Businesses"

Xiaomi

“China's Xiaomi Picks Hong Kong for $10 Billion IPO, Lifts Lid on Financials"