Didi Chuxing completes $7.3B financing round that includes Apple’s $1B investment

traffic in china Didi Chuxing, the largest ride-hailing app in China, confirmed today that it has closed a $7.3 billion financing round that includes its recent investments from Apple and China Life. The news was first reported by the Wall Street Journal, whose sources say Didi Chuxing’s valuation is now pegged at more than $28 billion. Read More

Messaging app Line files for IPO on NYSE on July 14, Tokyo July 15, trading as LN, to raise $1B

Screen Shot 2016-06-10 at 09.25.35 Two years after the first reports of an IPO emerged, Japan’s Line Corporation — the company behind the popular messaging app Line, and possibly the first of the big messaging apps to go public — today announced that it has filed to go public on the New York Stock Exchange in the U.S. and the Tokyo Stock Exchange in Japan, trading as LN. The company today said in a news… Read More

Fujitsu signs deal to integrate Box cloud storage into its enterprise software

Box CEO Aaron Levie Box just inked one of its biggest deals in Asia so far as it focuses on international growth. Fujitsu, one of Japan’s largest IT services providers, announced today that it has made a strategic partnership with the cloud-storage company and will integrate Box into its enterprise software. Read More