Alibaba-backed beauty tech firm Perfect Corporation to merge with US blank-cheque company in deal worth US$1 billion

Source: Tech – South China Morning PostPerfect Corporation, a Taiwanese augmented reality (AR) software services provider focusing on beauty and cosmetic brands, has signed an agreement to merge with Nasdaq-listed blank-cheque company Provident Acquisition Corporation in a deal that values it at US$1.02 billion.The start-up, which counts Alibaba Group Holding and Goldman Sachs Asset Management as early investors, will raise up to US$335 million through the merger with the special purpose acquisition company (SPAC), according to a…Read More

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