Bloomberg A Chinese e-commerce site called Pinduoduo, or PDD, has raised more than $1 billion at a valuation of about $15 billion, roughly 10 times the level just a year ago, according to people familiar with the matter. The Shanghai-based company, founded by ex-Google engineer Colin Huang, is getting the money from existing investors including Sequoia Capital China and Tencent ...

Bloomberg Monsanto Co., the world’s largest seed company, can’t own a patent over genetically modified cotton seeds in India, a court ruled. The Delhi High Court verdict said that certain items such as seeds, plants and animals can’t be patented under Indian laws. The court rejected Monsanto’s plea to stop Nuziveedu Seeds Ltd., an estranged licensee of the company, from ...

Bloomberg PT Bukalapak.com became a billion-dollar startup by focussing on the Indonesian farmers and small-time merchants that bigger rivals such as PT Tokopedia neglected. Now it wants to buy its way onto their turf. Bukalapak, which earned unicorn status with funding from 500 Startups among others, has set up a mergers and acquisition team to identify startups that will help ...