Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd. is considering an initial public offering in Hong Kong or in an overseas market with U.S. dollar-denominated shares, Bitcoin’s co-founder Jihan Wu told Bloomberg in an interview.
Singapore’s Temasek Holdings has led a new funding round in Rokid, a Chinese robotics start-up. Investors including Credit Suisse Group, CDIB Capital International, and existing investor IDG Capital also participated in the round, Rokid announced on its Wechat official account. The company did not disclose the amount it raised, but Chinese media reports put the number at US$100 million. Rokid did not immediately respond to China Money Network’s inquiry to confirm the figure. The new round values the company at …
Kr Space, a Chinese co-working space spinoff from technology, media and entrepreneurial services company 36Kr, has completed a new financing round of RMB600 million (US$92 million).
Shenzhen-headquartered voice recognition firm SpeakIn Technologies Co.,Ltd. has raised tens of millions of RMB in a series A2 round funding led by Yuanchuang Capital, after raising tens of millions of RMB from a series A1 round led by IDG Capital in May, the company announced.
Foxconn Technology Group and venture firm IDG Capital are reportedly raising a RMB10 billion (US$1.5 billion) fund to jointly invest in automotive technologies ranging from autonomous driving to car battery development.
Chinese rollable display company Royole Corp has raised US$800 million in a series D financing round to support research and development and ramp up production and sales.
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.
Chinese venture capital firm IDG Capital has led a series A round in Guoxiaomei, a cashier-free convenience store operator that places snack bars in corporate offices. Financing details were not disclosed, but IDG has likely invested tens of millions of RMB in the start-up, including in an earlier pre-A round completed last month.
IDG Capital and Jingsheng Jiacheng Investment have led a RMB100 million (US$14 million) series B round in Haiyun Data, a Beijing-based start-up providing big data analysis solutions.
IDG Capital is reportedly in talks to lead a new funding round in Meituan-Dianping, China’s largest on-demand local services provider.
CMC Capital Partners and Wu Capital have jointly led a series C round in Liulishuo worth nearly US$100 million, a Shanghai-based English language learning platform.
CASH Capital (Beijing) Investment Management Co., Ltd. and IDG Capital have led a RMB100 million (US$14 million) series B round in HanSight, a Beijing-based smart security software start-up.
IDG Capital has led a RMB330 million (US$53 million) series B round in Epet.com, a Chongqing city-based high-end pet products e-commerce platform.
China Renaissance Private Equity Fund and Fengshang Capital have led a US$30 million pre-C round in Lianshang, an online business-to-business fabric trading platform.
IDG Capital and Chinese hotel management company Huazhu Hotels Group Ltd. have led a US$50 million pre-A round in Chengjia Apartment, an apartment rental start-up.
Fidelity International has led a series D round worth tens of millions of U.S. dollars in Jiguang, a Shenzhen-based big data service start-up focused on providing user activity analysis for mobile app developers and marketers.
Bertelsmann Asia Investments (BAI) has led a US$20 million series B round in Zaozuo, a Beijing-based new-generation furniture brand that appears to be an upgraded version of Dutch furniture firm IKEA.
Terminus Technologies Co., Ltd., a Chinese "smart cities" Internet of Things (IoT) solution provider, has raised a RMB500 million (US$73 million) series A round from China Everbright Ltd., IDG Capital, CITIC Private Equity and other investors.
Razer Inc., a U.S.-based computer hardware developer for the gaming industry backed by Hong Kong tycoon Li Ka-Shing, is planning to pursue an initial public offering on the Hong Kong Stock Exchange.
Best Inc., the Alibaba-backed Hangzhou-based logistics company also known as Best Logistics Technology Co., has filed for an initial public offering on either the New York Stock Exchange or the Nasdaq Global Market, aiming to raise US$750 million.
China Oceanwide Holdings Group Co., Ltd., the conglomerate chaired by Chinese billionaire Lu Zhiqiang (pictured), said it has closed its acquisition of Boston-based International Data Group, Inc. (IDG). Upon closing, which officially took place yesterday, China Oceanwide became controlling shareholder, with 90% ownership of IDG’s operating businesses, including International Data Corporation and IDG Communications. IDG Capital, a China-based venture capital firm initially backed by IDG, will own the remaining 10%. China Oceanwide also became a minority shareholder in IDG’s venture …
Chinese robot vacuum maker ECOVACS Robotics Co., Ltd., backed by IDG Capital, has filed with the country’s securities regulator to list on the Shanghai Stock Exchange.
Ant Financial, the financial services affiliate of Alibaba Group Holding Ltd., has teamed up with Chinese venture firm IDG Capital and Shenzhen Capital Group Co., Ltd to invest in a series A financing round in Youon Bike, a Jiangsu province-based bike sharing company, according to Chinese media reports. No financial details were disclosed. Founded in 2010, Youno claims that it has deployed over 800,000 bikes in 210 cities in China and has over 16 million users. The company has partnered …
Chinese online video platform Qiyi.com Inc., a majority-owned subsidiary of Baidu Inc., has completed the issuance of convertible bonds worth US$1.53 billion to its parent and a group of investors, according to a company announcement.
IDG Capital has teamed up with China Oceanwide Holdings Group Co., Ltd. to acquire International Data Group, Inc (IDG), the Chinese venture firm’s first limited partner and parent before its spin-out in 1999.
International Data Group, an iconic technology publishing firm with titles including PCWorld and the market research firm IDC, is reportedly in talks to sell itself for more than US$1 billion to a Chinese investor consortium headed by Hugo Shong (pictured), chairman of IDG Greater China, according to media reports.
A management buyout proposal to take NASDAQ-listed Chinese online game developer KongZhong Corporation, backed by IDG-Accel China Growth Fund, has lowered its proposed price as expectations fell for the kind of valuations companies can get in a potential re-lising back in China.
IDG Capital Partners has agreed to acquire a 20% stake in French soccer club operator Olympique Lyonnais for €100 million (US$112 million) via convertible bonds to help it expand in China, says a company announcement.
Beijing-based cross-platform file sharing and transfer app maker Zapya has raised US$20 million in series B financing led by IDG Capital Partners, according to Chinese media reports.
Beijing-based Chinese online personal finance platform Wanglibao.com Inc. has received US$10 million series A financing from IDG Capital, according to information posted on Wanglibao’s website.
Shanghai-based online recruitment platform HunterOn.com has raised near US$10 million in series A round of financing, according to Chinese media reports. Investors include IDG Capital and China Growth Capital.