CMN PwC May 2018 Report 1200×90


Cynthia Zhang: Toutiao Easily Worth More Than Tech Giant Baidu

At first glance, the investment strategy of veteran private equity manager Cynthia Zhang appears risky. As founder of recently launched private equity firm FutureX Capital, Zhang plans to make mid-to-late stage investments in promising Chinese tech stars, whose valuations are perhaps the highest in the world.

Rocketbots Raises Seed Round To Kick Off New SaaS AI Chatbot Platform

Rocketbots, a Hong Kong-based Artificial Intelligence Chatbot company has recently closed their Seed Round for an undisclosed amount to help kick off it’s newest products to a rapidly-growing market. This round was led by Global Technology Alliance, an angel investment group operated by two renowned serial entrepreneurs from Germany including the former CTO of Scout24 & the founder of Smartcast, and joined by the CEO of Sun Hing Printing. The global chatbot market was valued at USD 190.8 million in …

China Renaissance’s Bao Fan Calls Cryptocurrency "Highly Speculative"

On January 30, at China Renaissance Group’s 2018 New Year Media Communication Conference, Bao Fan, founder and CEO of China Renaissance Group, shared his views on the 2017 capital markets, blockchain and market competition. Below is an edited summary of his speech that originally appeared on Touzirenshuo’s Wechat channel. China Money Network is authorized to republish the post. It felt like 2017 went especially fast, in the blink of an eye. Indeed, 2017 was a triumphant year for our industry. …

Andrew Ng’s New AI Fund Raises $175M From Sequoia Capital, SoftBank

Andrew Ng, former chief scientist at Baidu and one of the founders of the Google Brain team, announced that his artificial intelligence-focused incubator AI Fund has raised US$175 million from investors including Sequoia Capital, the SoftBank Group, New Enterprise Associates, Greylock Partners and others.

China Government Fund Ranking

China Money Network’s China Government Fund Ranking includes the largest Chinese government guidance funds, which are in fact fund-of-funds, along with what we call government policy funds, a type of government-backed fund that conducts direct investments to support a particular policy initiative. They are ranked according to the size of their target fundraising total, rather than actual capital already committed. As most of the funds are still in the process of being established in phases, it is unclear what their ultimate size will be. At the same time, publicly available information on government funds is incomplete and often vague. The list should be read with these caveats in mind.

Baidu’s Newest Gadget Translates Speech In Near Real-Time

CT Weekly is a newsletter summarizing major recent developments in China’s tech sector published by China Tech Insights, an industry research project established by Tencent Online Media Group. China Money Network is re-publishing the newsletter under an agreement with China Tech Insights. Baidu’s newest gadget translates speech in near real-time Baidu, China’s biggest search engine, has unveiled a translation device on Sept.19. The portable gadget, which weighs as much as a smartphone, was revealed Tuesday at the 16th Machine Translation …

Parallels Desktop 13 for Mac Launches and is the First to Bring Windows Apps to the Mac Touch Bar and Windows People Bar to the Mac

Hong Kong, China, September 22, 2017 /ChinaNewswire.com/ – More than 30 tools are now available for Windows and Mac that enable users to complete tasks with a single click – from Drive Cleaning, to Presentation Mode, and Screen Recording Parallels#174; (www.parallels.com/about), a global leader in cross-platform solutions and creator of the No. 1 selling software… Read More