Asia has become the absolute dominant force in the blockchain universe, with countries in the region accounting for the biggest portion of Bitcoin mining machine manufacturing, mining pools, crypto trading and new token issuance. For any blockchain projects or investors, Asia is the place that can’t be ignored when planning an initial coin offering or seeking VC investors. One recent initial coin offering, launched by a team based outside of China, pulled in tens of millions of U.S. dollars and, …
U.S. microphone maker Vesper has completed a US$ 23 million series B round of financing led by American Family Ventures, with Chinese tech giant Baidu also participating.
China’s early-stage venture capital firm Sky9 Capital said on Wednesday that it has closed a US$200 million early-stage fund, called the Sky9Capital Fund III, L.P., according to the company’s official WeChat account.
BMW China Services Ltd. has received two self-driving road test licenses from Shanghai regulators, making it the first foreign automaker to gain such permits, according to the official website of Shanghai Municipal People’s Government.
China’s Tianqi Lithium Corporation is reportedly nearing a deal to buy a 24% stake in Chile’s Sociedad Quimica Y Minera (SQM) at US$4.3 billion, one of the world’s largest lithium producers. Lithium is a critical element in the production of rechargeable batteries, including for cars.
Xiaomi-backed Chunmi Electronics Technology Co., Ltd., a rice cooker and kitchen appliance maker, has completed a series C round of financing led by Guangkong Zhongying Capital. No financial details have not been disclosed.
Tencent-backed online healthcare service provider We Doctor Holdings has completed a US$500 million Pre-IPO round led by AIA Company Ltd, part of Hong Kong-listed insurer AIA Group and NWS Holdings Ltd., valuing the firm at US$5.5 billion.
Shenzhen-listed real estate developer Tahoe Group is planning to to establish a RMB20 billion (US$3.1 billion) mergers and acquisition (M&A) fund focused on real estate projects, according to a stock exchange filing.
China’s live game streaming firm Huya Inc. will raise US$165 million in an initial public offering of 15 million American Depository Shares (ADS) on the New York Stock Exchange (NYSE) at a price range of US$10 to US$12, according to a filing with the Securities and Exchange Commission.
Goldman Sachs has led a US$300 million new financing round in Chinese online used-car trading marketplace Renrenche, with existing investors Tencent Holdings Ltd. and Didi Chuxing participating, the company announced today.
Chinese new energy vehicle (NEV) start-up Singulato Motors has raised RMB3 billion (US$474 million) in a Series C round fundraising, the company announced.
China’s K-12 online education platform Knowbox has raised US$100 million in a series C round led by Yunfeng Capital, the latest in a string of investments in China’s online education market.
Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd, has announced the launch of a US$275-million special investment fund dedicated to Chinese technology start-ups.
Top crypto experts from Octagon Strategy Ltd., Amber AI and CYBEX gathered with premium cyrptocurrency investors and finance industry executives in Hong Kong for an informative panel discussion on the present and future opportunities of investing in cyptocurrencies.
Tencent Holdings has launched its own online document product focused on multi-person collaboration similar to Google Docs, the latest move by the Chinese Internet giant in the office application segment.
Troubled Chinese technology conglomerate Leshi Internet Information & Technology Corp., Beijing(LeEco) appears to have received a much needed capital infusion from some of China’s biggest companies.
China and Russia will create a joint US$3.1 billion investment vehicle targeting economic development in the Far East and application of blockchain technology, according to an agreement signed at the Boao Forum.
Chehaoduo, a Chinese auto retail services platform formerly known as Guazi, announced today that Alibaba Group senior vice president Kangming Deng has joined the company as executive president and deputy chairman of the board of directors.
China’s Meituan Dianping, an online platform for ordering food and booking movies and restaurants, is reportedly considering an initial public offering in Hong Kong as early as this year, people familiar with the plan said.
Amazon is reportedly in talks to pay US$1 billion dollars to acquire the television production rights to popular Chinese science fiction novel The Three-Body Problem, written by the Chinese writer Liu Cixin. Firstly serialized online in 2006 and published as a book in 2008, the three part novel includes The Three-Body Problem, The Dark Forest and Death’s End. It became one of the best-selling science novels in mainland Chinese history. The story, set against the backdrop of China’s Cultural Revolution, …
Several major Chinese smartphone makers are planning or have announced the release of "blockchain smartphones". They are the latest group of firms joining the current cryptocurrency frenzy.
Naked Hub, the Shanghai-based co-working space market leader with operations across Asia Pacific, has appointed veteran corporate office solutions manager Michael Higgins (pictured) as its Head of Enterprise Solutions. His mission is to attract more large-scale corporate tenants to the co-working space’s 46 locations across the region.
With its announced 5% strategic investment in France’s game developer Ubisoft, Chinese Internet giant Tencent has solidified its position as one of the world’s leading purveyors of video games.
Chinese medical cosmetology mobile app SoYoung has reportedly completed a funding round worth hundreds of millions of RMB led by Orchid Asia, only 80 days after its last fundraising round of US$60 million.
China’s ride-hailing service provider Didi Chuxing has announced a strategy partnership with state-owned car maker Beijing Automotive Group Co., Ltd (BAIC Group) to strengthen cooperation on new-energy-vehicle sharing services. “Electric vehicles play a key role in the mobility industry,” said Cheng Wei, founder and CEO of Didi Chuxing. “Shared mobility, new energy vehicle networks, and new AI driving technologies are integrally linked to each other.” Didi and BAIC Group will cooperate in the areas of energy vehicle fleet operation, big …
Baidu Inc. has launched a quantum computing research center devoted to the research of quantum computing and its applications in Baidu’s various businesses, the firm announced today.
Jing Hong (pictured), a partner at Chinese private equity and venture investment firm Hillhouse Capital, has reportedly left the company to start her own fund. This is the latest in a string of investment professionals leaving established firms to set up their own fund to tap into the booming private investment market in China.