Visterra has raised a $26 million Series A from the Bill & Melinda Gates Foundation and Omega Funds, as well as other investors. The company builds “novel medicines” to prevent and treat infectious diseases.
Wanda, Tencent, and Baidu have partnered to create an $814 million e-commerce network in China, the companies have announced. Wanda will own 70 percent of the new company; Tencent and Baidu will each own 15 percent. The company will debut later this year. [Source: Reuters]