One month after Yitu Technology scored US$200 million, the Chinese artificial intelligence firm secured another US$100 million from China Industrial Asset Management Ltd.
Chinese social media-based e-commerce firm Pinduoduo is said to seek for an initial public offering in the U.S. with a valuation of US$30 billion, according to Chinese local media citing insiders.
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 venture capital firm Banyan Capital has announced today that it will change its English name to Gaorong Capital, in an effort to better connect with Chinese entrepreneurs.
The Research Center for Blockchain of Tsinghua University’s Fintech Institute was unveiled over the weekend. The research center was jointly established with donations from Chinese venture capital firm Gaorong Capital, Tencent Holdings Ltd., and other entities.
Chinese long-term apartment leasing start-up Uoko.com has completed a C1 round worth RMB1 billion (US$157 million), including equity and debt financing from various venture capital firms and banks, according to an announcement made by the company’s financial advisor, Galaxy Capital.
Morgan Stanley Private Equity Asia and private equity fund Crescent Point have led a series C round in Shanghai-based long-term apartment rental provider QingKe.
Chinese social media-based e-commerce firm Pinduoduo is reported to have raised a US$3 billion investment round led by Tencent Holdings, at a valuation of US$15 billion.
Chinese game live-streaming platform Huya Inc. has filed for a US$200 million initial public offering of American Depository Shares (ADS) on the New York Stock Exchange, according to a filing with the Securities and Exchange Commission.
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.
NASDAQ-listed Chinese online social entertainment firm YY Inc. has announced that its live gaming streaming platform Huya recently submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Committee for a possible initial public offering in the U.S.
Chinese online apartment rental platform Danke Apartment has raise US$100 million in a B round led by CMC Capital and Banyan Capital, with proceeds used to fund the company’s expansion.
Huami Corporation, a Chinese manufacturer of low-cost wearable devices backed by smartphone maker Xiaomi, raised a smaller-than-expected US$110 million in a public float on the New York Stock Exchange today. The offering, which was less than the hoped for US$150 million, gives Huami a market valuation of US$690 million, much lower than its previously rumored US$1 billion price tag.
Huami Corporation, the maker of Xiaomi’s Mi smart wrist ban is seeking a US$150 million initial pubic offering in the U.S., according a securities filing. The company is applying for the listing of its ADSs on Nasdaq Global Market under the ticker symbol “HMI”. Pricing terms were not disclosed.
Chinese venture firm Sinovation Ventures has led a US$20.6 million series B round in Zhuiyi Technology, an artificial intelligence start-up developing chat bots.
Ant Financial and Samsung Group have led a US$40 million series A+ round in Beijing-based artificial intelligence start-up DeePhi Tech.
Banyan Capital has led a RMB1 billion (US$152 million) series B round in QianBaoCard.com, a Shanghai-based local shopping online to offline (O2O) platform.
Tencent Holdings Ltd. and BlueRun Ventures have led a RMB160 million (US$24 million) series A round in Shuidi, a crowdfunding platform within Tencent’s WeChat mobile app that helps people gain financial assistance to cover healthcare bills.
Banyan Capital has led a RMB140 million (US$21 million) series B round in Relashenghuo, a chain snack store operator specializing in spicy red crayfish.
Matrix Partners China has led a nearly RMB100 million (US$14 million) series B round in SmartX, a Beijing-based hyper-converged infrastructure product developer.
Warburg Pincus has led a US$60 million series B financing round in Geek+, a Beijing-based logistics robot developer whose technology, similar to Amazon’s Kiva robot, is designed to improve automation at warehouses. Existing shareholders including Volcanics Venture also participated in the round, which is the largest single round of fundraising in the logistics robot industry globally to date, says Warburg in an announcement. The new round follows a RMB100 million (US$14 million) series A+ round in Geek+ led by Vertex …
The Chinese government continues to crack down live video streaming portals and mobile apps, closing another 11 apps due to concern over pornographic content, the Ministry of Culture said in an official announcement yesterday.
Hong Kong-listed Tian Ge Interactive Holdings Ltd., a Hangzhou-based live social video platform, have made a RMB100 million (US$14 million) investment in Huajiao Live Video, a live video streaming mobile app backed by Qihoo 360 Technology Co. Ltd.
Beijing-based deep learning platform developer DeePhi Tech has raised a series A financing round worth tens of millions of U.S. dollars to develop its technology and products, the firm announced today.
China Ping An Insurance Overseas (Holdings) Ltd. has led a US$75 million series A round in Huya, a live video streaming platform owned by NASDAQ listed Chinese social networking platform YY Inc.
China-focused investment firm Hillhouse Capital Group has led a RMB380 million (US$55 million) series C financing round in Yitu Technology, a Shanghai-based artificial intelligence start-up specialized in the field of machine vision, big data and advanced hardware.
Sequoia Capital China and Banyan Capital have led a RMB350 million (US$50 million) series B round in Beijing-based power bank rental company Xiaodian. Tencent Holdings Ltd, CDH Investments, Vision Plus Capital, Fosun Kinzon Capital and Zhongwei Capital also participated in the round.
The year 2016 has been called the dawn of the artificial intelligence (AI) age. In China alone, there were 202 investment deals worth RMB6.8 billion (US$1 billion) in AI start-ups during the 12 months ending June 30, 2016.
Banyan Capital, a Chinese venture capital firm focused on investment in early-stage telecom, media and technology start-ups, has led a series A round worth tens of million of U.S. dollars in Lizhiweike, a Shenzhen-based online education mobile app.
Zhou Wei(pictured), a managing partner at venture firm Kleiner Perkins Caufield & Byers China, has established his own venture capital firm named China Creation Ventures.
China-focused venture capital firm Banyan Capital has raised over RMB5 billion (US$725 million) across two new funds, bringing the three-year-old firm’s total assets-under-management to around RMB11 billion (US$1.6 billion). The two new funds, including Banyan’s third U.S. dollar fund with US$350 million in assets and one RMB-denominated growth fund, will continue firm’s strategy of investing in early and growth-stage projects in the artificial intelligence, Internet, enterprise services, consumer upgrade and entertainment sectors. The firm also raised a US$50 million side …