Haimawan, a cloud-based mobile operating system developer, has raised RMB360 million (US$58 million) in a series C round from investors including Shenzhen Stock Exchange-listed Elefirst Science & Technology Co., Ltd.
CCB International, an investment unit owned by China Construction Bank, and Chinese venture firm HG Capital have led a US$100 million series D round in Chubao Technology, a Shanghai-based mobile communication app developer.
Chinese Internet giants Tencent Holdings Ltd. and NetEase Inc., as well as Tencent-owned Finnish mobile game publisher Supercell Oy, took the top three spots in a ranking of global mobile app publishers based on revenue.
China claimed the top spot for iOS App Store revenue in 2016, after the country surpassed the U.S. in iOS App Store downloads in 2015, according to a report issued by mobile app data tracker App Annie.
CloudMinds Technology Inc., a Chinese cloud-intelligence start-up that just announced a US$100 million funding round last week, said it had teamed up with holographic company LEIA Inc. to jointly deliver technologies in 3D holographic reality and artificial intelligence on mobile devices.
Last week, tech news site The Information reported that Chinese internet company NetEase was in talks with Google to introduce the tech giant’s Android application store Google Play to the Chinese market. Though neither party has admitted any ongoing negotiations, this is regarded as the latest update in Google’s long term effort to return to the consumer market in China. Eric Schmidt, the Chairman of Alphabet, Google’s parent company, has addressed the necessity of finding local business partners to facilitate …
Meitu Inc., a photo retouch app developer backed by Qiming Venture Parnters, IDG Capital Partners and others, has completed offering 574 million shares priced at HK$8.50 apiece to raise net proceeds of approximately HK$4.688 billion (US$604 million).
QF Capital and Gobi Partners have led a RMB50 million (US$7 million) pre-A funding in Xbed, a Chinese start-up providing self-service hotels rooms that require no service staff.
Beijing-based fitness mobile app developer Hotbody has raised a series B funding round worth over RMB100 million (US$15 million) led by Haodao Capital, with participation from Ameba Capital.
Sanhua Holdings Group Company Ltd., a Chinese refrigeration and air conditioning components maker, has led a RMB150 million (US$23 million) series B round of financing in Yitu8, according to Chinese media reports.
Mobike, a Shanghai bike sharing start-up founded by a former Uber manager in the Chinese city, is discovering that some Chinese users like to ride the bike but don’t want to share with others.
Panda Capital has led a US$10 million series B round in Mobike, a Shanghai-based mobile app that allows users to rent bikes for short distance commute, according to Chinese media reports. Joy Capital also participated in the round.
Meitu Inc., a photo retouch app developer backed by Qiming Venture Parnters, IDG Capital Partners and others, is planning to raise US$500 million to US$1 billion via an initial public offering in Hong Kong, according to a securities filing.
An investor consortium including Matrix Partners China, Sequoia Capital China, Alibaba Group Holding Ltd. and Yunfeng Capita has withdrawn a non-binding proposal to take NASDAQ-listed Momo Inc. private, says a company announcement.
Gobi Partners, existing investors Zhen Fund and Renren Inc. have joined a RMB100 million (US$15 million) series A+ round in 51Autogo, a mobile app that aims to improve customer experience at gas stations.
Over 75% of China’s netizens have ordered food online or via mobile apps, up from 35% two years ago, says a new research report by Tencent Holdings Ltd. In comparison, the penetration rate for online food delivery in the U.S. is at around 5%, according to a recent Morgan Stanley research report.
Legend Capital and other unnamed investors have invested RMB170 million (US$26 million) in Kaola FM, an audio program network run by China’s AutoRadio Group, according to Chinese media reports.
NewMargin Ventures has led a RMB70 million (US$10.7 million) series A round of financing in Flowerplus, a Shanghai-based start-up that provides regular flower delivery service directly to consumers’ homes.
Tencent Holdings Ltd., IDG Capital Partners and DT Capital Partners have invested nearly US$20 million series B+ round in a social networking crowdfunding platform Qingsongchou, according to Chinese media reports.
Ventech and Vision Knight Capital have led a series C and C+ round of financing in Blued, a Chinese gay social networking mobile app, which is valued at over US$300 million in the latest rounds, according to state-owned newspaper China Daily.
Venture-backed PapayaMobile, a Chinese mobile advertising firm, is in the process of listing on China’s New Third Board to raise US$40 million, according to a company announcement.
Morningside Ventures and GGV Capital have led a US$32 million series C round of financing in KEEP, a Chinese workout mobile app operator, according to Chinese media reports.
Hna-Caissa Travel Group Co., Ltd. and Civil Aviation Development Fund have led a RMB933 million (US$144 million) series C round of financing in a flight tracking app start-up Hangban Guanjia, according to Tencent Technology.
China Media Capital (CMC) has led a US$30 million series C round of financing in Enjoy, an O2O (online-to-offline) start-up focused on providing discounted reservation services in high-end restaurants.
A unit of Alibaba Group Holding Ltd. has joined an investor group including Matrix Partners and Sequoia Capital China to take U.S.-listed Chinese dating app maker Momo Inc. private.
China’s Addor Capital has led a US$70 million new round of financing in Holaverse, a Shanghai-based developer of popular Android OS applications that helps users customize their mobile devices, according to a company announcement.
Beijing-based home cleaning service booking app eJiaJie, backed by CDH Investments, Tencent Industry Win-Win Fund and others, says its application to list on the National Equities Exchange and Quotations (NEEQ) has been approved by Chinese regulators.
Parkbees, a Shenzhen-based start-up operating car parking apps and other services, has completed a RMB80 million (US$12 million) series A round of financing from Tencent Holdings Ltd., Shenzhen Co-win Venture Capital Investment Ltd. and other investors, according to an announcement (in Chinese).
China has the highest adoption rate among all major countries for ride share mobile app usage. Over 30% of iPhone users in China use at least one ride share mobile app, compared to around 10% in the U.S. and around 6% in Germany at the end of 2015, according to new research released by mobile analytics and data firm App Annie.
YouAppi, a start-up providing services to help mobile apps acquire new users, has completed a US$13.1 million series B funding round from Hawk Ventures, Global Brain, Click Ventures, and other investors, according to a company announcement.
Mobi Magic, a mobile app developer backed by Qihoo 360 Technology Co. Ltd., has raised a US$100 million round co-led by Qihoo 360 and Frees Fund, according to an article by state-owned China News Services.