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Will VC Craze For Cashier-Free Stores Spark Retail Revolution?

In case you haven’t heard, the next “big thing” after bike sharing has arrived. Welcome to the age of cashier-free convenience stores, the latest craze among venture capitalists in China. Since the launch of Amazon Go, the U.S. e-commerce giant’s retail store that requires no cashiers and no check-out, the concept has been quickly adopted in China and taken to a whole new level.

Register Now For China Education Investment Roundtable In Beijing

Where will investors find the best opportunities in China’s education industry in 2017 and beyond? (This event will be held in Mandarin Chinese) As technology reshapes the face of modern education, investors in China continue to back companies positioned to benefit from the coming evolution. A total of 167 venture and private equity investment deals worth an aggregate of RMB10.6 billion (US$1.5 billion) were recorded in the education sector in China last year, greater than the 138 deals and US$1.03 …

China’s Ehang To Launch Passenger-Carrying Drones In Dubai

Chinese drone maker Ehang Technology Co., Ltd., backed by GGV Capital and other venture investors, plans to launch a passenger-carrying drone product in Dubai this summer, a senior Dubai official announced during a conference yesterday.

GGV’s RMB Fund Leads $20M Round In Chinese Pediatric Care Operator

A RMB fund managed by GGV Capital has led a US$20 million series C funding round in a child healthcare center operator founded by well-known Chinese pediatrician Dr. Cui Yutao, according to Chinese media reports. Existing investors, Chinese healthcare-focused venture firm HighLight Capital and Wu Capital, the family office of Chinese real estate developer Longfor Properties Co. Ltd.’s founding family Wu Yajun, also participated.

GGV, Tencent Join $235M Series C Round In Wepiao

Beijing-based Weiying Technology Co. Ltd., the operator of movie ticket booking mobile app Wepiao, has completed RMB1.5 billion (US$235 million) series C round of financing led by Beijing Cultural Assets Chinese Anci Films & Television Fund, according to a company announcement.

Blackstone-Led $625M Privatization Of Pactera Gets Greenlight

Beijing-based technology outsourcing company Pactera Technology International Ltd says the company has agreed to be taken private by a consortium led by The Blackstone Group at approximately US$625 million. The offer price is US$7.30 per American depositary share (ADS), an 11.6% premium to the stock’s US$6.54 closing price on Wednesday. The deal has won Pactera’s board approval. The NASDAQ-listed company is now set to be taken private, pending a shareholder vote. After the transaction is completed, the company’s beneficial owners …