Chinese electric vehicle company NIO is reportedly seeking a pre-IPO round that values the company at US$6.5 billion, according to Chinese media citing insiders.
Shenzhen-based immigration service provider Hinabian Technology Co., Ltd. today announced that it has raised an undisclosed series B round from Chinese travel service provider Ctrip.com.
Chinese retailer JD.com today announced that it is launching a new blockchain technology platform to help enterprise customers build, host and use their own blockchain applications for operations management.
Chinese one-stop healthcare platform Ping An Good Doctor (HK: 01833) has entered into a subscription agreement with Grab for a joint venture in Southeast Asia, the firm announced today.
Chinese consumers love karaoke. A company focused on providing audio and video karaoke systems has just raised more money to meet this rising demand. Beijing-based Thunder Stone Technology, a provider of karaoke on-demand systems and solutions, has raised a RMB200 million (US$29 million) series B round led by China Minsheng Investment Group, according to a company announcement.
Shanghai-based 111 In., which runs an online retail drugstore and healthcare platform in China, has filed for U.S. initial public offering to raise US$200 million under the name YI, according to its prospectus.
Chinese sovereign fund China Investment Corp (CIC) is reportedly joining a consortium led by Hillhouse Capital Group to buy Yum China Holdings, Inc., the operator of KFC and Pizza Hut in mainland China, according to a media report.
Chinese e-commerce Alibaba Group Holding Ltd. has acquired a majority stake in Turkish e-commerce platform Trendyol at an enterprise value of at least US$750 million, according to a U.S. media report citing insiders.
Xiaoju Automobile Solutions (XAS), a one-stop auto solutions platform owned by Didi Chuxing announced that it has acquired Hiservice, a leader in Shanghai’s online-to-offline auto after-service market.
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus.
China Literature — the Tencent e-publishing venture that went public with a US$1 billion IPO last November— announced that it would acquire Chinese digital production company New Classics Media for around RMB 15.5 billion (US$2.2-2.3 billion), according to a media report.
Beijing-based OneSpace Technology, China’s first private rocket producer, has raised a RMB300 million (US$44 million) series B round led by CICC Jiatai Equity Funds, according to the company’s official announcement.
New Oriental Education & Technology Group has established a RMB1.5 billion (US$220 million) industrial fund to invest in Chinese educational companies, according to the company’s announcement at a press conference last Friday in Beijing.
Beijing-based Chinese children’s graded on-line reading platform Koala Reading has raised a US$20 million series B round led by GGV Capital and XVC Venture Capital, according to the company’s announcement.
Suzhou-based bio-pharmaceutical company TOT Biopharm has raised US$102 million series B round led by Chinese local asset management 99Fund, according to the company’s announcement.
Matrix-backed Chinese graphic social media tool Meipian, recently announced the completion of its series B round worth billions of RMB.
After completing the docking with Alibaba’s Tmall store, Ali Health, RT-Mart, Freshhema and other commercial entities, Ele.me announced that it had completed the entrance docking with Hellobike.
Dada-JD Daojia, a Chinese online grocery delivery firm, has raised US$500 million from U.S. retailer Walmart and Chinese delivery giant JD.com in its latest round of financing, according to the company’s announcement.
Manbang Group, a Chinese truck-hailing platform is looking to raise US$1 billion in a new funding round, according to the Wall Street Journal.
Zhihu, a question-and-answer knowledge sharing platform similar to Quora, has raised a US$270 million series E round, announced by Zhou Yuan, founder and CEO of Zhihu, through video at today’s press conference in Beijing.
Beijing Bytedance Technology Co. has reportedly kicked off an equity-fundraising round that could value the owner of China’s most popular news-aggregation app at as much as US$75 billion.
SoftBank Group Corp.’s Vision Fund plans to lead an investment of US$3 billion to US$5 billion in Alibaba’s food delivery giant Ele.me, according to a Bloomberg report.
Sequoia Capital China and Boyu Capital have led a US$200 million series D round in Klook, a Hong Kong-based full-service in-destination booking platform.
Suzhou city, Jiangsu Province-based biotech firm CureGenetics Co., Ltd has raised a US$17 million series A round led by Qiming Venture Partners.
To tackle China’s structural shortage of quality healthcare services, technology and innovation can play an important role beside regulatory reform, Jiang Xiaodong, managing partner of Chinese venture firm Long Hill Capital, told China Money Network.
Chinese ride-hailing service provider Didi Chuxing said today it will invest US$1 billion into its auto solutions platform Xiaoju Automobile Solutions Co.
Shangde Qizhi Education Group Ltd., a Shanghai-based K-12 private education provider, has filed for initial public offering on Hong Kong Stock Exchange, according to is IPO prospectus.
Chinese investment firm Decheng Capital has led a US$30 million series C round in Nanjing-based pharmaceutical firm Impact Therapeutics.
SDIC Venture Capital, a Chinese state-owned investment holding company, has joined the venture capital fund of Chinese Academy of Sciences, and Suzhou Chengxin Venture Capital to invest RMB150 million (US$22 million) in series B round in Chinese semiconductor laser manufacturer Suzhou Everbright Photonics Co. Ltd, according to Everbright Photonics’s announcement.
Chinese e-commerce firm JD.com Inc has opened its first cashier-free retail store overseas in Indonesia. The JD.ID X-Mart, newly opened in Jakarta, looks and operates similarly to cashier-free stores opened earlier by its rival Alibaba and many Chinese unmanned convenience store start-ups that emerged last year.
Guangdong-based agriculture products distributor Wangjiahuan has raised a RMB400 millon (US$58.7 million) series A round from Singapore-based logistics solution provider Global Logistic Properties (GLP), according to the company’s announcement.