Venture Capital

The Beijing-headquartered firm says is optimistic about the economic development of China.

The firm will use the funding to develop and mass produce new WiFi 6 products.

Swiggy plans to use the new funds to expand its hyperlocal delivery services, Swiggy Stores, Swiggy Go, and SuprDaily.

The newly formed partnership aims at offering new financial services through apps.

“Whether 2020 sees a return of the same velocity of huge deals that we saw in 2018 is uncertain.”

Despite plenty of bargains, funds are wary of investing during coronavirus outbreak.

It has been backing Indian tech startups since 2014 and is best known for investing in Ola, Mswipe, Bounce, and Quikr.

Son plans smaller ‘bridge fund,’ says he is in no hurry to sell Alibaba stake.