AI Top 50 2018 – 970×90 CN


Jack Ma’s Alibaba, Xinhua Unleash Robot Journalist Army On China, Raising Privacy Fears

Imagine walking your child to school, then discovering an hour later that you and your child’s image has been featured on state news simply because you happened to walk past a store that was just robbed. This type of invasive news coverage has just become reality in China thanks to a partnership between tech giant Alibaba Group and Chinese state newswires Xinhua News Agency.

KKR Adds New Members And Managing Directors, With Seven Additions In Asia Pacific

KKR today announced a newly promoted group of 23 members, which are KKR’s equivalent of partners, and 44 managing directors, effective from January 1, 2018. Two members and five managing directors in Asia Pacific are among the newly anointed top ranks at one of the largest private equity firms in the world with US$153 billion assets under management as of September 30, 2017.

RYB’s Child Abuse Scandal Reflects Poor Diligence By Top Investors Including Hillhouse, Greenwoods

The child abuse scandal at RYB Education Inc. (NYSE:RYB) reduced its stock price by nearly 40% last week, just three months after the company’s New York Stock Exchange IPO. The collapse has cost the company’s top ten institutional investors, including China’s largest private equity fund Hillhouse Capital and well-known investment management firm Greenwoods Asset Management, a combined US$52 million on paper. But the losses might have been avoided if investors had taken into account some inherent weaknesses in RYB’s business …

China’s RISE Education Completes Strong Nasdaq IPO In Win For Bain Capital

RISE Education, a Chinese provider of after-school English lessons which is backed by Bain Capital, enjoyed a strong debut on the Nasdaq Friday, closing up more than 14% on its first day of trade. The stock closed at US$16.61, compared to its initial public offering (IPO) price of US$14.50. RISE’s IPO was well received, demonstrating investors’ continued interest in China’s fast-growing education sector. The company raised US$160 million by offering 11 million shares at US$14.50, higher than the expected price …

KPCB’s James Huang Says High Healthcare Valuations Force Investors To Seek Early Stage Innovation

China’s healthcare sector is seeing a flood of new capital from from non-professional investors such as Chinese coal mining and factory bosses, according to James Huang, a managing partner at Kleiner Perkins Caufield & Byers (KPCB) China, who focuses on life sciences. As a result, valuations have become excessive, forcing more experienced investors to adopt new strategies to get ahead of the "dumb money."

Ugly Fight Between Chinese Online Education Firms Enrages Investors

Two of China’s leading online education companies, backed by a who’s-who of top venture capital firms, are embroiled in an ugly public relations fight involving pornography, alleged hacking and threatened legal action. The episode has caused an outcry from investors and industry participants, with the latest being Baidu Inc., an investor and former parent of one company, releasing a statement with harsh words for all involved. The facts are still unclear, yet it seems certain that both firms are destined …