Grasp the golden era of winter sports development, contribute to the rapid growth of winter sports industry
BEIJING, Sept. 21, 2018 /PRNewswire/ — The world witnessed the grand opening of the 3…
DealShot: TAL, IDG Capital Co-Lead $17.5M Series B Round In Chinese Education Platform AllDream
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
Alibaba Invests Undisclosed Round In Chinese Clothes Sharing Platform Ycloset
Chinese online women clothing sharing platform YCloset today announced that it has raised an undisclosed round from Alibaba Group Holding Ltd.
Bertelsmann Asia, IDG Capital Leads $30M Angel Investment In Chinese Start-up Ringle.AI
Artificial intelligence and robotics start-up Ringle.AI has announced that it has received US$30 million angel investment from Bertelsmann Asia Investment and IDG Capital.
iQIYI Sports Completes RMB 850 Million Series A Financing
BEIJING, Sept. 6, 2018 /PRNewswire/ — iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that iQIYI Sports, a jo…
iQiyi Sports Raises US$124M From Sequoia-Backed Fund And Yao Ming’s Investment House
IQiyi Sports, the sports arm of Chinese streaming platform iQiyi Inc., has secured a RMB850 million (US$124 million) series A financing round.
China’s AI-Powered English Teacher LAIX Files For US$100M US IPO
Chinese artificial intelligence (AI) firm LAIX Inc. which operates the online English language learning platform Liulishuo, is planning to hit the US market with an initial public offering size of US$100 million, according to the prospectus.
DST Global Leads $200M Series D Round In Chinese Professional Networking Platform Maimai.cn
Chinese business and career-oriented social networking platform Maimai.cn today announced that DST Global has led a US$200 million series D round.
Company Claims To Produce China’s First Web Browser System, But It’s Actually A Chrome Shell
A Chinese company, which just announced having raised RMB250 million (US$36 million) from investors including IDG Capital and Morningside Ventures, is founded to have lied about producing China’s first web browser operating system and related core technology.
DealShot: IDG Capital Joins $36M Round In Chinese Browser Developer Redcore
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
DealShot: IDG Capital Leads $30M Series C Round In Chinese Fashion Brand Magmode
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
IDG Capital Leads $73M Strategic Investment In iQiyi Sports
iQiyi Sports, the sports platform of Chinese online video firm iQiyi, has raised a RMB500 million (US$73 million) strategic investment led by IDG Capital.
Primavera Capital, Morningside Venture Capital Co-lead $587M Series B+ Round In Xiaopeng Motors
Chinese electric vehicle maker Xiaopeng Motors announced that it has raised a RMB4 billion (US$587 million) series B+ round led by Chinese investment firm Primavera Capital Group, Morningside Venture Capital and its founder He Xiaopeng.
DealShot: IDG Capital Joins $10M Round In Chinese Electric Bike Sharing Firm Qeebike
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
China VC Tracker: Fintech And Media Stood Out As VCs Invested $11.36B In Chinese Start-Ups In July
Two massive deals in the fintech and media sector, each worth US$1.5 billion or more, stood out in China’s venture capital market in July, as investors put US$11.36 billion in start-ups last month.
Sequoia Leads $65M Series B+ Round In Used Goods Swap App Xiangwushuo
Sequoia Capital has led a US$50 million series B+ round in Shanghai-based used goods swap app Xiangwushuo, which promotes a green and environmentally friendly lifestyle.
Agora’s Zhao Bin: IPOs Of Chinese Video Streaming Sites Show Maturity, But Opportunities Are Still Plentiful
There have been a number of Chinese online video streaming site IPOs lately. In May, Chinese gaming streaming firm Huya went public in the U.S. It was followed by Inke, which focuses on live performance streaming, in a listing in Hong Kong in June. Another video streaming firm Douyu, is rumored to be next.
Sequoia Capital Leads $18M Series A+ Round In Marketing Firm Tikin Media
Sequoia Capital China has led a RMB120 million (US$17.7 million) series A+ round in Beijing-based marketing firm Tikin Media.
Tencent Expands E-commerce Investment By Leading Hundreds Of Millions Of RMB In Haoyiku
China’s social media giant Tencent Holdings Ltd. has led a series B round worth several hundred millions of RMB in Hangzhou-based e-commerce platform Haoyiku.
Author of Three-body Problem Joins IDG Capital As Chief Thinker
Liu Cixin, author of The Three-body Problem, will join IDG Capital as chief thinker, the later announced on its official WeChat account.
IDG Capital Co-Leads $100M Series B Round In Chinese Chip Maker ASR Microelectronic
Shanghai-based chip maker ASR Microelectronic has completed a US$100 million series B financing led by IDG Capital and Wanrong Hongtu Fund, the company announced today.
Chinese TMT-focused Panda Capital Raises $105M As Its Second RMB Fund
Shanghai-based technology, media, telecom (TMT) focused venture capital Panda Capital announced that it has completed raising RMB700 million (US$105 million), making this its second RMB fund.
Bitmain Said To Complete Series B Round From Sequoia Capital, EDBI And Coatue Management
Sequoia Capital China has led a series B round between US$300 million to US$400 million in Chinese Bitcoin miner and mining chip designer Bitmain Technologies Ltd., according to Chinese media citing insiders.
DealShot: IDG Capital Joins $39M Round In Chinese Financial Service Company Yinchengku
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday.
Chinese Co-Working Space Firm Kr Space Plans Major Hong Kong Push As It Nears Closing Of New Funding Round
Beijing-based co-working space operator Kr Space Ltd. is pushing into Hong Kong aggressively, adding three new leases of office space recently that it hopes to convert to co-working facilities. This comes as the competitor to WeWork Cos. in China is trying to close a new funding round of roughly US$300 million after raising US$200 million last month, according to people familiar with the matter.
Temasek-backed AI Start-up Rokid Releases Three New Products
Chinese artificial intelligence start-up Rokid released three new products at a product launch event yesterday in Hangzhou, the first large-scale public event since its founding four years ago.
China’s Online Education Startups Score $604M Venture Funding In One Week
China’s relaxed population policy and a cultural emphasis on education have made online education a new favorite for investors. An indicator of this strong enthusiasm is the fact that four Chinese online educational firms have raised a total of US$604.2 million in venture funding this week.
Beijing-based Fintech Firm 9f Group Raises $65M Series D Round
Beijing-based fintech company 9f Group announced that it has raised a US$65 million series D round from industrial funds Famous Group and Plentiful International, according to 9f Group’s announcement.
Chinese Blockchain News Portal Mars Finance Secures Series A+ Round
At a blockchain industry conference held in Singapore today, Wang Feng, founder of Mars Finance, announced that his Chinese blockchain media start-up has raised a series A+ round financing. The round of financing was led by Ceyuan Ventures and Huobi Global Ecosystem Fund with a post-money valuation of RMB330 million (US$51.5 million).
Chinese Bitcoin Mining Chip Maker Bitmain Considers IPO
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.
China VC Tracker: Chinese VCs Made 284 Deals Worth $6.38 Billion In May 2018
Chinese venture capital activity saw a jump in the number of announced deals but total deal value dropped significantly last month from April because of the lack of mega deals. In May, 284 VC deals were announced worth an aggregate US$6.38 billion, compared to 209 deals worth US$15.59 billion in April, according to China Money Network’s China VC Tracker released today. China VC Tracker is produced based on proprietary data collected by China Money Network.