Bloomberg Aibee, a Chinese artificial intelligence startup, is planning a funding round to raise about $100 million, according to people familiar with the matter. The Sequoia Capital China-backed firm could seek an initial public offering after the fundraising, however no final decision has been made, the people said, asking not to be identified as the information isn’t public. Details of ...

Bloomberg Indian e-commerce retailer Snapdeal Pvt is considering an initial public offering that could raise about $400 million, joining a growing list of startups preparing to tap capital markets as the nation’s digital economy booms. The company, which counts SoftBank Group Corp among its investors, is speaking with advisers about a potential listing in Mumbai that could value it at ...

Bloomberg Activity in India’s dominant services sector expanded for the first time in four months as pandemic restrictions were loosened, a survey showed. The Markit India Services PMI SA rose to 56.7 last month from 45.4 in July. The August reading is the highest since February 2020 for a sector that makes up more than half of India’s economy. A ...