Circle Internet Financial Ltd., a Goldman Sachs-backed American FinTech start-up, completed a US$110 million series E funding round led by Chinese Bitcoin mining giant Bitmain Technologies Ltd. The round had the participation of IDG Capital Partners, the co-investors of the two companies.
Taiwanese smartphone maker HTC has unveiled its newest phone, the HTC Exodus, in the first phone made by a major brand dedicated to blockchain encryption, the firm announced at the Consensus 2018 blockchain conference in New York.
JPMorgan Chase & Co. has announced that it will assume a majority stake of its Chinese mutual-fund management joint venture by raising its holding to 51% from 49% currently after Beijing recently relaxed its rules for foreign ownership of financial firms.
Karen Chen, former president of UBS China Ltd., has been appointed chief executive officer at Singapore-based blochchain company Higgs Block Technology PTE, Ltd.
Xiyun International, a Chinese group meal catering company, has raised US$200 million in a series A round of funding from Ant Financial, CDH Investment and Koubei, a local commerce portal under Alibaba and Ant Financial.
Meili Inc., a Tencent-backed online fashion retailer, is planning to raise a total of US$500 million in an initial public offering in the U.S., according to media reports citing insiders.
Ascletis Pharma, a Hangzhou-based biotechnology firm, has filed to list on the Hong Kong Stock Exchange, making it the first company to exploit the new and more accommodating listing rules in the city, an IPO prospectus published by the Hong Kong Stock Exchange showed. Ascletis Pharma Inc. focuses on three therapeutic areas: anti-viral, cancer and fatty liver diseases. It operates an integrated anti-viral platform focused on developing and commercializing innovative drugs against HCV, HIV and HBV. Currently, the company operates …
Huobi Labs, a subsidiary of Huobi China, one of China’s three largest bitcoin exchanges portals, has announced the launch of a US$1 billion blockchain industry fund in conjunction with Tianya Community Network Technology Co.,Ltd., a social networking and forum service web site.
Chinese tea shop chain HeyTea has completed a RMB400 million (US$63.3 million) series B funding round, led by DragonBall Capital, a venture capital firm under Chinese group buying and delivery website Meituan-Dianping.
Chinese mobile car-hailing giant Didi Chuxing announced that is is teaming up with 31 global automobile makers to form the "DiDi Auto Alliance," an international car-sharing alliance, Didi announced in Beijing on Tuesday.
Chinese social E-commerce platform Yunji has completed a US$120 million Series B funding round led by CDH Investment, with the participation by Huaxing New Economic Fund.
NetEase Youdao, an online education subsidiary of China’s second-largest game publisher NetEase, has completed its series A round of funding with a valuation of US$1.1 billion led by Mooc-CN Education, with participation by Legend Capital.
InfraRed NF, a Hong Kong-based real estate investment fund, has paid US$50 million for a 90% stake in Hong Kong self-storage provider RedBox Storage Limited, according to an announcement from InfraRed NF.
JD.com Inc., China’s second-biggest e-commerce company, will invest RMB537 million (US$85 million) in Allianz China General Insurance, taking a 33% stake and becoming its second largest shareholder, according to the announcement published by the Insurance Association of China.
CMB International Capital Corporation Ltd, a wholly-owned subsidiary of China Merchants Bank, has led a RMB410 million (US$65 million) series C round in Beijing Biocytogen Co., Ltd., a gene targeted animal model and service supplier.
Chinese furniture retailer Red Star Macalline Group has led a RMB300 million (US$48 million) series B funding round in 3vjia.com, a Chinese 3D home design and furnishing portal employing virtual reality technology.
SF Express, one of China’s biggest express delivery companies, announced its subsidiary Jiangxi Fengyu Shuntu Technology Co. Ltd. has secured China’s first experimental drone operating license from the East China Regional Administration of the Civil Aviation Administration of China (CAAC).
Chinese co-working space Mydream+ has completed a RMB300 million (US$48 million) series B funding round led by Ocean Link, participated in by the existing investor Joy Capital and M31 Management Fund, a unit of Giant Group.
Chinese electric vehicle start-up CHJ Automotive announced the completion of a series B investment round worth RMB3 billion (US$473 million), led by Matrix Partners China and a new energy vehicle under Shougang Fund, an investment platform backed by state-held steel company Shougang Group.
CryptoKitties, a platform allowing users to collect and breed their own digital cats built on top of the Ethereum blockchain, has raised US$12 million led by Andreessen Horowitz and Union Square Ventures.
Wecash, a Chinese fintech credit assessment solutions provider, has raised a US$160 million series D round of financing led by Orix Asia Capital and SEA Group. It marks Orix’s second round of investment in the Chinese company this month.
Chinese Internet giant Tencent has announced the establishment of a robotics laboratory named "Robotics X”, to support the company’s push into AI and robotics. The new lab, to be based in Shenzhen, will reinforce Tencent’s R&D in the artificial intelligence realm in conjunction with its existing AI Lab, launched in April 2016. At the same time, the company announced that it had reached a strategic cooperation agreement with Nature Research, a subsidiary of academic publisher Springer Nature, to promote research …
Shunwei Capital, a venture firm backed by Xiaomi’s CEO Lei Jun, has led a US$100 million series D round of financing for Kujiale, a Chinese home design platform utilizing virtual reality (VR) technology.
Chinese live-streaming platform Huya has raised a US$461.6 million series B round of financing led by Chinese Internet giant Tencent. It marks Tencent’s second major investment in the live-streaming market within 24 hours.
Continental AG (CON.XE), a German automotive supplier, said it plans to set up a joint venture with Chinese auto parts maker Sichuan Chengfei Integration Technology Co. to develop and manufacture 48-volt battery systems for cars.
Baidu, one of China’s Internet and tech titans, announced plans to integrate three departments into one called the Smart Living Group (SLG) to consolidate and streamline its businesses in the smart hardware sector.