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Pan Yue

Pan Yue is a staff researcher at China Money Network.

China’s Baidu Rumored To Raise $2B Round For Financial Unit

China's tech giant Baidu Inc. is seeking a new funding round of up to US$2 billion for its wholly-owned finance…

Naked Hub To Acquire Australian Co-Working Space Firm Gravity To Further Global Expansion

Asian co-working company naked Hub today today announced plans to acquire a 70% stake in Gravity, a premium co-working space…

China’s New Hope Group Leads $92M Round In Secondhand Car Financial Platform Miliche

Chinese agribusiness company New Hope Group has led a US$92 million series B round in Meiliche Financial, a secondhand car…

Faraday Future Claims Ex-CFO Stole Trade Secrets From Electric Car Company

Faraday Future, the Los Angeles based electric car company run by China's Jia Yueting, who also founded LeEco, has filed…

China’s HNA Rumored To Have $2.4B Liquidity Shortage As Debts Come Due

China’s HNA Group Co., Ltd., has told creditors that it is facing a liquidity shortage of at least RMB15 billion…

China Calls President Trump’s 5G Proposal "Digital Iron Curtain"- Says US More Likely To Spy

Chinese state-media has responded angrily to U.S. President Donald Trump's reported plan to build a secure nationwide 5G network to…

Orix Leads $39M Round In Chinese Medical Consumables Management Platform Innostic

Financial services firm Orix Corp has led a RMB250 million (US$39 million) series A round in Innostic, a Chinese medical…

China To Launch Its First Privately Developed Rocket In June

OneSpace, a Beijing-based start-up developing commercial rockets, is set to launch its first rocket in June this year, which will…

Weibo, China’s Facebook, Halts Popular Sections As Government Tightens Oversight

China's largest networking platform Weibo, operated by Sina Corp. has closed some of its most popular portals for a week…

Hong Kong Blockchain Firm MATRIX Raising $15.5M In Ethereum Backed ICO

Hong Kong-based open-source blockchain platform MATRIX has completed an initial coin offering raising 13,227.5 Ethereum for its newly issued MAN…

Chinese Ride Hailing Firm Didi Sets Up AI Lab To Further Smart Transportation Research

China's largest ride hailing firm Didi Chuxing has established a new artificial intelligence lab in Beijing to support its development…

Xiaomi Leads $31M Round In Chinese Financial And Tax Services Provider Hsuanzhang

Chinese smartphone manufacturer Xiaomi Inc. has led a RMB200 million (US$31 million) series B2 round in Hsuanzhang, an online financial…

China’s JD In Talks To Sell 15% Of Logistics Unit To Tencent, Other Investors

China's e-commerce giant JD.com Inc. is in talks to sell 15% of its logistics unit, JD Logistics, to a group…

Xiaomi Beats Samsung to Become Top Smartphone Vendor In India

Chinese smartphone maker Xiaomi Inc. surpassed South Korea's Samsung Group as the top seller of smartphones in India for the…

Alibaba Innovation Ventures Joins $30M Round In Israeli Safe Driving App Developer Nexar

China's Alibaba Innovation Ventures, the corporate venture capital investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd., has joined…

Baidu Autonomous Drivings Vice President Wu Xuebin Resigns

China's tech giant Baidu Inc. is again losing artificial intelligence talent. Wu Xuebin, Baidu's vice president in charge of autonomous…

Japan’s Orix Leads $70M Round In Chinese P2P Lending Platform Dianrong

Japan's financial services firm Orix Corp has led a US$70 million follow-on series D round funding in Chinese peer-to-peer lending…

China’s Qihoo 360 Establishes $150M Internet And Culture Fund

Chinese Internet security firm Qihoo 360 Technology Co. Ltd. has teamed up with Beijing Cultural Center Fund to established a…

ICG Acquires Singapore’s PSB Academy From Baring Private Equity Asia

U.K.-listed Intermediate Capital Group (ICG) and its funds have acquired a 100% stake of Singapore’s private eduction institution PSB Academy…

Didi Chuxing’s Bluegogo Bikes Banned In Shenzhen Due To Unpaid Debts

The government of Shenzhen has banned the deployment in its city of bikes by Bluegogo, the bike sharing start-up controlled…

Tencent AI Lab Youtu Hires Zheng Yefeng As R&D Director

China's tech giant Tencent Holdings Ltd. has hired Zheng Yefeng, former principal key expert at Siemens AG's Healthcare Technology Center,…

Baidu Launches Two New AI Labs In China With Newly Hired Scientists From US

Chinese tech giant Baidu Inc. has established two new labs under its Baidu Research division, as part of its push…

Singapore’s Temasek Leads $100M Round In Chinese Robotics Firm Rokid

Singapore’s Temasek Holdings has led a new funding round in Rokid, a Chinese robotics start-up. Investors including Credit Suisse Group,…

Alibaba Taiwan Entrepreneurs Fund Leads $15M Round In Fitness Brand Space Cycle

Alibaba Taiwan Entrepreneurs Fund, a non-profit initiative of Alibaba Group Holdings Ltd., has led a RMB100 million (US$15 million) series…

China’s Alibaba Hires Quantum Computer Scientist Mario Szegedy

Chinese tech giant Alibaba Group Holding Ltd. has hired Hungarian-American computer scientist Mario Szegedy to join DAMO Academy’s quantum computing…

Carlyle Hires Former Goldman Sachs’ Wanlin Liu As Managing Director

Global alternative asset manager The Carlyle Group has hired Wanlin Liu, former managing director at Goldman Sachs Principal Investment Area,…

Fosun Capital Leads $80M Round In Chinese Checkout-Free Convenience Store Operator Bingobox

Chinese private equity firm Fosun Capital has led a US$80 million series B round in Bingobox, a start-up developing fully-automated…

Tencent-Backed Short Video Platform Kuai Shou Rumoured To Raise $1B At $17B Valuation

Chinese online streaming and video sharing mobile app, Kuais Shou, backed by Tencent Holdings Ltd. is said to be seeking…

Baidu Artificial Intelligence Alumni Raise $300 Million In One Year

When it comes to raising tens of millions of dollars in venture capital, it helps to be a veteran of…

China’s JD.com Co-Leads New Funding Round In Vietnam’s E-commerce Platform Tiki

China's e-commerce platform JD.com Inc. has agreed to co-lead a series C round in Vietnam's leading business-to-customer e-commerce platform Tiki,…

Alibaba Neural Network Beats Humans On Stanford Reading-Comprehension Test

A research arm of Chinese tech giant Alibaba Group Holding Ltd. has developed a deep learning model that scored higher…

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