Chinese e-commerce platform Pinduoduo aims to raise US$1.5 billion by selling 85.6 million American Depositary Shares (ADS) at a price range of US$16 to US$19, according to its IPO prospectus.
SIRIN LABS Unveils the Design for the Dual-Screen FINNEY™, Introducing “Safe Screen” for the First Blockchain Smartphone
With football superstar Leo Messi as its brand ambassador, SIRIN LABS
will unveil unique patented features in the world’s first blockchain
smartphone designed for the masses
SCHAFFHAUSEN, Switzerland–(BUSINESS WIRE)–#block…
Eight Roads Ventures, ClearVue Partners Co-lead $102M A1 Round In Autonomous Driving Firm Pony.ai
Eight Roads Ventures has partnered with ClearVue Partners, a private equity firm focused on the consumer sector of China, to lead a US$102 million series A1 round in autonomous driving firm Pony.ai, according to the latter’s announcement.
JD.com And L Catterton Asia To Invest $175M In Chinese Luxury Goods E-commerce Platform Secoo
China’s second largest retailer JD.com has partnered with L Catterton Asia, the Asian unit of global consumer-focused private equity firm L Catterton, to invest US$175 million in NASDAQ-listed luxury e-commerce platform Secoo Holding Limited as part of a partnership.
Global $77.1 Billion Application Hosting Market Analysis 2017-2018 – Forecast to 2023 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Global
Application Hosting Market Analysis (2017-2023)" report has
been added to ResearchAndMarkets.com’s offering.
The Application Hosting Market size is expected to reach $77.1 billion
…
Empirix Business Assurance Platform is Now Certified for Huawei’s FusionSphere Cloud Operating System
Empirix IntelliSight and E-XMS Fully Compatible with Huawei’s
FusionSphere Network Functions Virtualization (NFV) Infrastructure
BILLERICA, Mass.–(BUSINESS WIRE)–#CX–Huawei Technologies Co., Ltd., a leading global provider of in…
D-ZONECOIN Begins Its Final Public Sale before listed on CoinExchange.io
FUKUOKA, Japan–(BUSINESS WIRE)–Global Dream Japan Co., Ltd. has issued the cryptocurrency named D-ZONE
COIN and achieved a successful Airdrop in May with around 28,000 people
participating from Japan and overseas. After the Airdrop, the…
Tencent-backed E-commerce Platform Pinduoduo Files For $1B US IPO
Walnut Street Group Holding Ltd., which operates Chinese e-commerce platform Pinduoduo, seeks for a US$1 billion initial public offering in the U.S., according to its IPO prospectus. The document confirms Pinduoduo’s IPO rumour reported by China Money Network earlier this week. Founded in 2015 by former Google software engineer Colin Huang, Pinduoduo allows users to participate in group buying deals, mostly through Tencent’s WeChat. It targets low-income consumers from lower-tiered cities in China. In 2017, its gross merchandise value (GMV) …
Keysight Technologies Participates in 2018 IMT-2020 (5G) Summit in Shenzhen, China
Accelerating 5G innovation with first-to-market test capabilities for a
connected mobile ecosystem
SANTA ROSA, Calif.–(BUSINESS WIRE)–#5G–Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company
th…
Green Pine Capital Leads $15M Series A+ Round In Chinese Robotic Arm Maker Dobot
Chinese venture capital firm Green Pine Capital Partners has led a RMB100 million (US$15 million) series A+ round in Dobot, a Shenzhen-based robotic arm solutions provider, according to Chinese media reports.
Test System from Ixia, a Keysight Business, Named Best of Show at Interop Tokyo 2018
AresONE-400GE Test System Demonstrates Aggregate Ethernet Traffic of 3.2
Tbps in a Single System
SANTA ROSA, Calif.–(BUSINESS WIRE)–#400G–Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company
that helps e…
Vayyar Imaging Awarded as Technology Pioneer by World Economic Forum
World Economic Forum on Thursday announced its selection of the
world’s 61 most promising Technology Pioneers 2018, the most diverse
class of such pioneers ever.
Companies were selected for their …
Indonesian Social Insurance Company Adopts Riverbed SD-WAN and Cloud Networking Solution to Simplify Networking and Connect 860 Locations Nationwide
PT Jasa Raharja to implement Riverbed SteelConnect as part of a
modern IT infrastructure aimed at increasing agility, reducing costs and
accelerating digital transformation
SAN FRANCISCO–(BUSINESS WIRE)–Riverbed®, The Digi…
NTT Solmare and Sammy Networks Present World’s First Fusion of Casino Slots and Dating Simulation Game! "Win His Heart Slots" Worldwide Premiere!
Release Date: June 21, 2018
OSAKA, Japan–(BUSINESS WIRE)–NTT Solmare Corporation (Headquarters: Osaka, Japan; President: Akira
Tomana, hereafter referred as “NTT Solmare”) and Sammy Networks Co.,
Ltd. (Headquarters: Tokyo,…
Fetch Robotics Awarded as Technology Pioneer by World Economic Forum
World Economic Forum on Thursday announced its selection of the
world’s 61 most promising Technology Pioneers 2018, the most diverse
class of such pioneers ever.
Companies were selected for their …
pymetrics Awarded as Technology Pioneer by World Economic Forum
New York City-Based Startup is Reinventing the Job Matching Process
NEW YORK–(BUSINESS WIRE)–pymetrics,
the company that uses neuroscience and AI to predict the right person
for the job while removing bias from the process…
Cohesity Awarded as Technology Pioneer by World Economic Forum
World Economic Forum announced its selection of the world’s 61 most
promising Technology Pioneers 2018, the most diverse class of such
pioneers ever.
Companies were selected for their potential to…
Descend into the Abyss in Darkness Rises on Mobile Devices Today
Explore a Dark Fantasy Universe, Conquer Fierce Bosses and Become a
Hero in Nexon’s New Console-Quality Mobile Action RPG
EMERYVILLE, Calif.–(BUSINESS WIRE)–Nexon has launched Darkness Rises, the third-person action role
p…
Why Did Google Invest In China’s JD.Com? Here’s What Experts Think
News came yesterday that Google would invest US$550 million in cash in China’s second largest retailer JD.com Inc., as part of a strategic partnership. The two partners plan to collaborate on a range of strategic initiatives, including joint development of retail solutions and making some products of JD.com available for sale through Google Shopping channels in multiple regions.
Google Makes $550M Strategic Investment In JD.COM
Google will invest US$550 million in cash in China’s second largest retailer JD.com Inc., as part of a strategic partnership, according to JD.com’s announcement. The deal marks JD.com’s latest globalization efforts to rival Alibaba Group Holding and amazon.com Inc. In February, CEO Richard Liu announced plans to invest at least 1 billion Euro to build a logistics network in France. In April, JD.com launched its Spanish website joybuy.es to target 400 million Spanish-speaking users. Last year, the company formed a …
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.
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.
Wei Zhou: Chinese Millennials Will Become World’s Biggest Spenders Online
For Chinese venture capitalist Wei Zhou, founding managing partner of China Creation Ventures, the changes he has witnessed in China during his professional life have been awe-inspiring.
Qihoo 360 Finds Security Flaws In EOS, But Both Parties Disagree What Really Happened
Qihoo 360, China’s largest internet security company, said that it had identified a high-risk security vulnerability on the EOS network. The bug was fixed around 24 hours later by EOS today, though both parties seem to disagree what really happened and how serious the flaw was.
Sinovation Ventures Establishes $391M AI Fund In Guangzhou
Sinovation Ventures, a Chinese venture capital firm founded by former Google China head Kai-Fu Lee, has announced the establishment of a RMB2.5 billion (US$391 million) artificial intelligence fund in Guangzhou.
Chinese AI Firm Mobvoi Beefs Up Smart Hardware Offerings And Releases AI Chip Product
Mobvoi, a Chinese artificial intelligence firm backed by Google and Volkswagen Group China, unveiled a number of smart hardware products and an AI chip as the company continues to build up its product portfolio centered around voice recognition technology.
Shenzhen Capital Group, Wu Capital Co-Lead $128M Round Chinese Autonomous Driving Firm Roadstar.Ai
Chinese investment firm Shenzhen Capital Group Co., Ltd. has partnered with Wu Capital, a Chinese family office, to lead a US$128 million series A round in Roadstar.ai, an artificial intelligence start-up focused on research and development of level 4 autonomous driving technologies.
Google Ventures’ Engineering Partner Tom Zhang Joins Sinovation Ventures
Tom Zhang, former engineering partner at Google Ventures, has joined Sinovation Ventures, a Chinese VC firm co-founded by former head of Google China Kai-Fu Lee, as chief data scientist.
Andrew Ng’s Drive.ai To Launch Autonomous Car Ride Hailing In Texas
Andrew Ng, former chief scientist at Baidu and one of the founders of the Google Brain team, has announced that Drive.ai, an autonomous driving start-up on whose board he sits, will offer a self-driving car hailing services for public use in Frisco, Texas starting in July.
Ctrip.com Says It Wants To Bring Supersonic Air Travel To China
Chinese online travel service provider Ctrip.com International (NASDAQ: CTRP) says it wants to bring supersonic air travel to China.
China’s Sinovation Ventures Closes New Fund At $500 Million
Sinovation Ventures, a Chinese venture capital firm founded by former Google China head Kai-Fu Lee, today announced the close of its new US$500 million Fund IV to invest in early and growth stage Chinese and U.S. technology companies.