China’s largest e-commerce company Alibaba Group is in talks to buy a minority stake Dailyhunt, an Indian news aggregator and e-bookstore backed by Chinese personal news recommendation app Toutiao, according to Indian media.
Chinese tech giant Baidu Inc. has formally proposed listing its online-video unit iQiyi in the U.S. in an initial public offering likely to value the company at up to US$10 billion.
Foxconn Industrial Internet Co., a subsidiary of Foxconn Technology Group, is planning an initial public offering on the Shanghai Stock Exchange to fund eight investment projects in China totaling RMB27.3 billion (US$4.3 billion), according to its IPO prospectus.
The Chinese government is planning additional steps to crack down on cryptocurrency speculation in that country, according to domestic media reports. A series of new regulatory measures will be taken in the coming weeks against initial coin offerings (ICO) and virtual currency transactions conducted in China and abroad, including the possible banning and disposal of domestic and foreign virtual currency exchange websites and related businesses, according to the Financial Times of the People’s Bank of China (PBOC), and reported on …
Cheetah Mobile Inc., a Beijing-based mobile internet company listed on the NYSE, has release a mobile cryptocurrency wallet app called SafeWallet. It’s the latest example of how Chinese companies are cashing in on the digital money boom, despite China’s ban on cryptocurrency trading and initial coin offerings (ICOs).
Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, has announced a content partnership with U.S. social news and entertainment company BuzzFeed. Under the agreement, BuzzFeed’s content will become available to users of Bytedance’s various platforms including Toutiao, TopBuzz, and Xigua Video in China, Japan and other parts of the world.
Chinese Internet security firm Qihoo 360 Technology Co. Ltd. has teamed up with Beijing Cultural Center Fund to established a RMB1 billion (US$150 million) Internet and culture industry-focused fund.
Chris Lai, ex-venture partner at Sinovation Ventures, has moved to Shunwei Capital, a venture capital firm founded by Xiaomi’s founder Lei Jun.
China’s Baidu Inc has teamed up with China Life Insurance Co., Ltd. to jointly launch a RMB14 billion (US$2.12 billion) investment fund to back companies in the mobile Internet, artificial intelligence, fintech and other advanced technology sectors.
Chinese venture capital firm Gobi Partners and private equity fund China Prosperity Capital have led a RMB300 million (US$45 million) series A round in 36Kr Media, a Chinese technology new media unit spun off from parent group 36Kr.
Beijing-based travel service platform Mafengwo has raised a US$133 million series D round from General Atlantic, Temasek, Chinese private equity firm Ocean Link, Chinese venture capital fund Yuantai Changqing fund, and Houpu Investment Management, a private equity firm founded by former Goldman Sachs China Partner Fang Fenglei.
DCM Ventures has led a US$75 million series C round in Maimai.cn, a Chinese business and career-oriented social networking company, the company announced.
Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, has agreed to acquire China’s lip-synching video app Musical.ly.
Chinese personalized news app Toutiao has injected US$50 million in Live.me, a popular live streaming platform among young adults in the U.S. and a unit of Chinese mobile Internet company Cheetah Mobile Inc.
Chinese venture capital firm Source Code Capital has hired Huang Yungang (pictured), a former managing director at Matrix Partners China, as a partner.
In this episode of China Money Podcast, Gobi Partners managing partner Ken Xu speaks to our host Nina Xiang. Xu discusses what he sees as the next technology frontier markets in China, and how Gobi is investing in the artificial intelligence, Internet of Things (IoT) and new infrastructure-themed industries. You can read a Q&A and watch a short video of the interview. Don’t forget to subscribe to China Money Podcast for free in the iTunes store, or subscribe to …
Shenzhen, once a hotbed of technology innovation and home to seven Fortune Global 500 companies, is losing out in the race to becoming China’s Silicon Valley.
Hong Kong has failed in terms of innovation and technology development when compared with other countries in the region, including mainland China, Singapore and South Korea, famed Chinese angel investor Bob Xu said in a forum held in the special administrative region yesterday.
Fosun RZ Capital, the venture capital unit of conglomerate Fosun Group, formerly known as Fosun Kinzon Capital, has led a RMB50 million (US$7.7 million) series A financing round in Shenzhen-based indoor positioning service provider Shunwei.
Venture capital and private equity investments in China’s mobile Internet sector staged a significant rebound during the first quarter, with 29 deals worth US$1.7 billion registered in the first three months of the year, up 70% quarter-on-quarter and 193% year-on-year in terms of aggregate deal value.
The era of mobile Internet is ending and future opportunities in technology exist in artificial intelligence, Robin Li, the CEO of Internet search leader Baidu Inc., said yesterday at the third World Internet Conference in Wuzhen, Zhejiang province.
APUS Group, an 18-months-old Chinese Android application development start-up, has launched a venture capital fund in India with an initial target of US$45 million to invest in startups focused on mobile Internet innovations, according to a company announcement.
Hong Kong-listed software firm Kingdee International Software Group Company Limited has agreed to team up with Guosen Securities to launch a mobile Internet investment fund with an initial fundraising target of RMB1 billion (US$160 million).
Hong Kong-listed China Mobile Limited and China’s state-owned investment holding company, State Development & Investment Corporation (SDIC), are placing big bets on the red-hot mobile Internet sector in China with the launch of a joint venture investment fund, according to a securities filing. The two parties plan to jointly establish an investment fund to invest in China’s mobile Internet sector, with China Mobile committing RMB1.5 billion and SDIC committing RMB1 billion. They will then target to raise RMB2.45 billion from …