Global Risk Exchange, a blockchain-based, decentralized and open global risk exchange market, said it had secured investment from the Huobi Global Ecosystem Fund.
Chinese Smart Garbage Recycling Platform Xiaohuanggou Raises $164M Series A Round
Chinese online smart recycling platform Xiaohuanggou announced that it has raised a RMB1.05 billion (US$163.67 million) series A round from Beijing-headquartered asset management firm Zhongzhi Enterprise Group.
Baidu Launches First Native Blockchain-Based Knowledge Quiz App Duyuzhou
China’s largest search engine Baidu Inc. has launched its first native blockchain-based knowledge quiz application called Duyuzhou, which means Du Universe, yesterday. Duyuzhou will create a digital universe consisted of elements, gravitation, and planets, where users can obtain these elements by participating in the knowledge quiz. Users will be incentivized to create and expand their own planets, said Baidu. In the process of creating quality content and expanding its user base, Baidu plans to add many new features to the …
500 Startups’ Bonnie Cheung: More Blockchain Projects Should Focus On Solving Inter-Chain Operability And Privacy Issues
Bonnie Cheung, a venture partner at 500 Startups, has read hundreds of blockchain whitepapers to screen for a select few that the early-stage investment firm and seed accelerator chooses to back. As things tend to progress with hyper speed in blockchain compared to other industries, 500 Startups has invested in enough projects to solve "the scalability" issue in a matter of four to five months. For now, she wants to see more projects focused on solving the two other key …
SoundAI’s Chang Le: Voice-Controlled Devices Next Battlefield For Digital Traffic
China’s tech giants are waging a price war over smart speakers. But that’s ok with Chang Le, co-founder of Beijing-based start-up SoundAI, who sees it as a sign of market strength. Baidu just released its lower-end smart speaker Xiaodu at a special discount price of RMB89 (US$13.9), the same as Alibaba’s smart speaker Tianmao Jingling (Tmall Genie), and little more than JD.com’s Dingdong, which is selling at a discounted RMB79 (US$12). Chang says the price war is completely understandable because every …
Tencent Said To Lead A $500M Deal In Korean Game Developer Bluehole
Chinese social media giant Tencent Holdings Ltd. is leading a deal to acquire as much as 10% stake in Korean game developer Bluehole Inc. for more than US$500 million, according to a Wall Street Journal report citing insiders.
Despite Slump, Chinese Crypto Investors Believe "Thousands" New Token Funds Will Bring Another Bull Market
Despite the current market slumps, Chinese cryptocurrency practitioners still believe a bull market is in store because of the growing size of capital that is readying themselves to enter into the space.
Beijing-based Fintech Firm 9f Group Raises $65M Series D Round
Beijing-based fintech company 9f Group announced that it has raised a US$65 million series D round from industrial funds Famous Group and Plentiful International, according to 9f Group’s announcement.
ICBC International, SPDB International Invest $200M Series C+ Round In Chinese AI Firm Yitu Technology
ICBC International Holdings Ltd, SPDB International and Gaocheng Capital have invested in a US$200 million series C+ round in Yitu Technology, a Shanghai-based artificial intelligence start-up specialized in the field of machine vision, big data and advanced hardware, according to Yitu’s announcement on its official WeChat account.
Chinese Digital Asset Investment Platform LendChain Raises Tens Of Millions Of RMB
Chinese distributed digital assets platform LendChain has raised tens of millions of RMB from Chinese blockchain company GXChain, Sydney-based blockchain firm Bitpei, Beijing-based investment fund PreAngel, Fission Capital, and others, according to GX Chain’s announcement on its official WeChat account.
Baidu Continues Smart Hardware Push With Discounted Smart Speaker
Three months after China’s largest search engine Baidu Inc. launched its smart speaker with screens called Xiaodu Zaijia, the company has introduced another, smaller version at a deeply discounted price.
China Money Network To Compile China AI Top 50, Shedding Light On China’s Rising AI Power
China Money Network, a Chinese investment and technology media and data company based in Hong Kong and Beijing, today launched a campaign to compile a list of the 50 leading Chinese artificial intelligence companies to shed light on China’s rising AI power.
Baidu Said To Prepare For CDR Listing As The First Chinese Tech Stock To Return Home
China’s largest online search engine Baidu Inc. is preparing for its Chinese Depository Receipts (CDR) issuance application, likely to become the first Chinese company that has listed overseas to return to the domestic A-share market, according to Chinese local media citing insiders.
Sequoia Capital China Said To Invest In Bitmain’s $400M Pre-IPO Round
Sequoia Capital China is said to have led a US$400 million pre-IPO round in Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd., valuing the firm at US$12 billion, according to Chinese local media reports citing insiders.
Chinese Blockchain News Portal Mars Finance Secures Series A+ Round
At a blockchain industry conference held in Singapore today, Wang Feng, founder of Mars Finance, announced that his Chinese blockchain media start-up has raised a series A+ round financing. The round of financing was led by Ceyuan Ventures and Huobi Global Ecosystem Fund with a post-money valuation of RMB330 million (US$51.5 million).
Chinese Bitcoin Mining Chip Maker Bitmain Considers IPO
Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd. is considering an initial public offering in Hong Kong or in an overseas market with U.S. dollar-denominated shares, Bitcoin’s co-founder Jihan Wu told Bloomberg in an interview.
Ant Financial Raises $14B In Series C Equity Financing
Alibaba’s financial affiliate Ant Small and Micro Financial Services Group Co., Ltd. announced today that it has entered into definitive agreements with investors for its Series C equity financing totaling approximately US$14 billion.
Tencent, Geely Win Joint Bid For China Railway Wifi Provider
Chinese social media giant Tencent Holdings Ltd and automaker Zhejiang Geely Holding Group have won a joint bid to obtain a 49% stake in High Speed Network Technology Company, which provides WiFi and technology services to high-speed rail customers across China.
Royole Starts Mass Producing Fully Flexible Displays In Shenzhen
Chinese rollable display company Royole Corporation announced today that its 1.1-million-square-foot Quasi-G6 mass production campus in Shenzhen, China is up and running for mass production of fully flexible displays.
Huobi To Fund Public Blockchain Project With 20 Million Huobi Tokens
In order to create its new public blockchain, the Huboi Chain Project (HCP), Huobi will fund a Huobi Chain Superhero Championship Program (HCSCP) with an initial investment of 20 million Huobi Tokens (HT), worth about US$100 million dollars. Huobi will also contribute a portion of its yearly revenue to the program, according to comments by a Huobi official to media outlet Cointelegraph.
Facebook Shares Data With Four Chinese Device Makers, Including Huawei
Social media giant Facebook Inc has admitted that it shares user data with at least four Chinese companies, including Huawei Technologies Co., Ltd., the Chinese telecommunications company whose products are deemed a security threat by the U.S. government, according to a New York Times report.
YY Invests $272M In Singaporean Video Social Media Platform Bigo
Chinese live streaming social media platform YY Inc. (NASDAQ:YY) announced that it has invested an additional US$272 million in series D preferred shares of Singaporean video-based social media platform Bigo Inc., to become the largest shareholder.
LightInTheBox Holding Accepts CyberMiles Token As Payment Method
Blockchain-based e-commerce platform CyberMiles said e-commerce platform LightInTheBox.com will soon accept its CyberMiles Token as a payment method and will provide a strategic support to Blocktonic’s supply chain and e-commerce technology, CyberMiles announced on its Twitter account.
Legend Capital, SIG Invest $12M In Blockchain Firm Goopal Group
Goopal Group, a blockchain company backed by Hong Kong-listed China Binary Sale Technology Ltd, has raised a US$12 million A++ round from Legend Capital and SIG, according to Chinese media reports.
Sina, Mandra Capital Lead $103M Round In Chinese Fintech Firm Pintec
Chinese online media firm Sina Corporation (NASDAQ:SINA) has joined Hong Kong-based venture capital firm Mandra Capital to lead a US$103 million financing round in Pintec, a Chinese fintech platform.
Chinese Blockchain Firm Hyperchain Raises $234M Series B Round
Hyperchain Technologies Co., Ltd announced that it has raised a series B round of RMB1.5 billion (US$ 233.7 million) from Shanghai-listed Xinhu Zhongbao Co., Ltd., China SDIC Gaoxin Industrial Investment Corp., Ltd, and others, according to Chinese media reports.
Chinese Construction Firm Keda Joins JRR For $4.5M Investment In Blockchain Projects
Shanghai-listed construction engineering company Keda Group Co.,Ltd. announced that its blockchain fund has invested in a total of four projects worth of RMB29 million (US$4.5 million), according to its security filing.
Chinese Fintech Firm CGTZ.com Raises $358M Series D Round Led By Geo-Jade Petroleum
Hangzhou-based fintech platform CGTZ.com has raised a RMB2.3 billion (US$357.8 million) series D round led by Shanghai-listed Geo-Jade Petroleum, a Chinese real estate development and oil exploration and production firm.
Huobi, NewMargin Capital, Kiwoom Targets $93M China-South Korea Fund To Invest In Blockchain
Cryptocurrency exchange Huobi, Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd. have jointly launched a China-South Korea investment fund to invest in blockchain companies in the two countries.
Binance Establishes $1B Fund To Invest In Blockchain Projects
Binance, a multi-language cryptocurrency exchange, announced plans to establish a US$1 billion fund, Ella Zhang, head of Binance Lab, announced in an online conference.
Alibaba Leads $300M Series D In Cross-Border Shopping Recommendation App Xiaohongshu
Chinese tech giant Alibaba Group Holding Ltd. has led a US$300 million series D round in Xiaohongshu, a social recommendation app for cross-border shopping, valuing the firm at over US$3 billion.