Browsing: Valued

Today (August 31), Nova Fusion announced that it has officially completed the Pre-A series financing totaling RMB 1.2 billion (covering Pre-A and Pre-A+ tranches). The round saw continued heavy investment from Meituan Longzhu and GL Ventures, while Lenovo Capital and Guozhong Capital joined as new strategic investors with significant capital contributions.

After a 5 year gain of 107.8%, Sun Life Financial now looks more like a stock that has already done a lot of work for investors rather than an obvious bargain, and its broader valuation checks lean on the expensive side even though traditional market multiples suggest the shares are roughly in line with peers.