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SAP Accelerates Cloud Growth Across Portfolio: Raises Revenue and Profit Outlook


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We re seeing strong adoption of our cloud portfolio as customers select SAP for their business transformation. Our strategy is working; This is the third straight quarter of strong execution, and we continue to deliver unparalleled customer value through the strength of our platform and applications.
Christian Klein, CEO
This has been another strong quarter with accelerating growth for SAP s cloud portfolio. We saw excellent customer momentum and adoption and are raising our outlook for revenue and profit.
Luka Mucic, CFO
SAP SE (NYSE: SAP) today announced its financial results for the second quarter ended June 30, 2021.
Business Update Second Quarter 2021 ....

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China Digest: Oral care brand NYSCPS raises $62m; Sherpa leads $30m round in PAQ


China Digest: Oral care brand NYSCPS raises $62m; Sherpa leads $30m round in PAQ
July 20, 2021
Chinese oral care brand NYSCPS has raised nearly $62 million led by Huaxing Growth Capital. In a separate development, Sherpa Healthcare Partners has led a $30-million Series A round in the US-based biotech firm PAQ Therapeutics.
Huaxing Growth Capital invests in oral care brand NYSCPS
Huaxing Growth Capital, a flagship investment arm of investment bank China Renaissance, has led a 400-million-yuan ($61.6 million) Series B round in Chinese oral care brand NYSCPS, the investor announced on Monday.
Chinese investment companies Jinding Capital, CoStone Capital, and ABC Capital, which is affiliated with industry investment firm ABC Group, also participated in the round. Existing investors Sinovation Ventures, a venture firm led by ex-Google China head Kai-Fu Lee, and TikTok-owner ByteDance continued to back the Series B round. ....

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