In this episode of China Money Podcast, Gary Rieschel, founder of Qiming Venture Partners, shares his thoughts on the Chinese economy, the technological evolutions of the Chinese Internet sector and why he is confident that Qiming will be well within the top quartile performers among China’s venture capital firms. Founded in 2006, Qiming Venture is one of the most successful venture capital firms in China, having invested in and successfully listed companies including Jiayuan, ChinaCache and Touchmedia. Qiming recently closed …
In this episode of China Money Podcast, listen to Kevin Carter, co-founder and CEO of California-based Baochuan Capital Management, and Kenny Li, CEO of Shanghai-based KKM Capital discuss the pros and cons of international hedge funds investing in China’s A-share market through the QFII program; and how international hedge funds can raise money from China’s wealthy individuals and giant institutional investors. The comments are made at a joint event held by the Hedge Fund Association and Bloomberg on Jan 5, …
In this episode of China Money Podcast, co-founder of Amalfi Capital, Tristen Langley, talks with our host, Nina Xiang, on Alibaba Group’s US$586 million acquisition of an 18% stake of Sina’s Weibo, her investment firm’s winning and losing bets, and the future challenges facing China’s e-commerce industry. Listen to the full-interview in the audio podcast, watch the shortened video version or read an excerpt below.
Lifestyle online retailer Fab.com closes US$150 million in its initial series D financing from investors including Chinese Internet company Tencent, the New York-based company’s co-founder and CEO Jason Goldberg announced.
In this edition of China Money Network, Tian X. Hou, founder and CEO of T.H. Capital, shares her thoughts on why Qihoo’s stock is just starting a major bull run, why Sina is undervalued and what Baidu should do to advance forward in a mobile world. Listen to the full interview in the audio podcast, watch an abbreviated video version or read an excerpt below. Q: How will China’s economic slowdown impact Chinese overseas listed Internet stocks? A: Not that …
Chinese venture fundraising sunk to just US$73 million across two funds during the second quarter, a decline of 71% in the number of funds and less than a tenth of the amount raised during the first quarter, according to a report by Dow Jones.
App Annie, a data tracker of the app industry, says it has closed a US$15 million round of funding led by Sequoia Capital.
Chinese online travel site Shijiebang says it has completed series A financing. Investors include angel investors led by Yahoo founder Jerry Yang, Fosun Group’s venture capital arm Fosun Venture Capital Investment and U.S.-based ChinaRock Capital Management.
Shanghai-based Chinese third-party investment product online sales platform Howbuy.com says the company has received series B funding from Tencent Industry Collaboration Fund. The specific amount and valuation of the investment were not disclosed.
In this episode of China Money Podcast, guest Tim Draper, founder and managing director of Menlo Park, California-based venture capital firm Draper Fisher Jurvetson (DFJ), speaks with our host Nina Xiang about the history of DFJ’s investment activities in China, where he is focused on funding the next big tech companies, his big misses in China, and his views on the next tech bubble that he thinks is coming right now.
Venture capital investments in China’s clean tech sector totaled US$920 million in 2013, up 156% compared with US$360 million in 2012, according to data released by consulting and research firm the Cleantech Group.
Hong Kong-listed Chinese logistics center developer China South City Holdings Ltd. and Tencent Holdings Ltd. jointly announced that the two companies have entered into an agreement to form a strategic partnership.
China’s Internet users reached 618 million at the end of 2013, up 53.6 million compared with a year ago, according to a new report released by the China Internet Network Information Center. China’s Internet penetration rate stood at 45.8% at year-end in 2013, up 3.7 percentage points compared with 2012. Mobile Internet users hit 500 million, up 80 million from 2012. About 81% of Internet users access the Internet with mobile devices. Mobile video sharing, mobile games and mobile online …
Suzhou, Jiangsu province-based online travel services platform 17u.cn has received RMB500 million ($82.5 million) series C funding from Tencent Holdings‘ Tencent Collaboration Fund, Boyu Capital and Oriza Holdings, according to Chinese media reports.
Singapore-based Global Logistic Properties Ltd. (GLP) says it has signed an agreement, in which a group of Chinese investors will invest US$2.5 billion in the company, according to a company announcement.
Shanghai-based Chinese Yelp-like review website Dianping.com says it has received strategic investment from Tencent, according to a company announcement.
Shenzhen-based Android flash tool VROOT has received tens of millions U.S. dollars from Tencent, according to the announcement on the company’s official Weibo account.
Mountain View, California-based professional social media platform LinkedIn is planning to set up a joint venture with Sequoia China and China Broadband Capital (CBC) to expand its business in China, according to media reports.
Shanghai-based digital advertising solution provider Avazu Inc. has raised US$48 million in series A financing, according to Chinese media reports. Gaorong Capital led the round. An undisclosed U.S.-based Internet-focused private equity fund and a group of unnamed Internet companies also participated.
Shenzhen-based Chinese internet services giant Tencent Holdings Ltd is to acquire a 15% stake in Beijing-based e-commerce firm JD.com for US$214.7 million, according to a joint announcement of the two companies.
Hong Kong-listed television and film production firm ChinaVision Media Group says that Hangzhou-based Chinese e-commerce giant Alibaba Group has agreed to buy a 60% stake in the company for about HK$6.24 billion ($804 million), according to a company announcement.
Wuxi, Jiangsu province-based mobile Internet e-commerce company Mmb.cn has received a new round of financing, raising more than US$200 million, according to media reports.
Shanghai-based real estate services company E-House (China) Holdings Limited says Tencent will acquire from E-House a 15% stake in its wholly owned subsidiary Leju Holdings Limited for US$180 million, according to a company announcement.
Shenzhen-based Chinese Internet services giant Tencent Holdings Ltd. has reached an investment agreement with Beijing-based Internet video company Youku Tudou Inc. to acquire around 20% interest in the company for at least US$300 million, according to Chinese media reports.
Shenzhen-based Chinese Internet services giant Tencent Holdings Ltd. has reached a strategic investment agreement with South Korea’s gaming company CJ Games to acquire a 28% stake in the company for US$500 million, according to a company announcement.
Venture capital investments in Greater China witnessed strong growth during the first quarter. Total venture deal value hit US$2 billion, more than double the US$800 million registered during the fourth quarter last year, according to research firm Preqin.
Chinese logistics warehouse developer Shanghai Yupei Group says that RRJ Capital and an investment company managed by SeaTown Holdings International, an investment firm wholly-owned by Temasek Holdings, have agreed to invest US$250 million in Yupei, according to a company announcement.
Beijing-based Chinese security software maker Cheetah Mobile Inc. has filed with the U.S. securities regulator to raise as much as US$300 million in an initial public offering on the New York Stock Exchange.
San Francisco-based website hosting firm Weebly says it has raised US$35 million in series C funding from existing investor Sequoia Capital and Tencent Holdings Ltd., according to a company announcement.
Shenzhen-headquartered Chinese Internet services giant Tencent Holdings Limited is planning to invest in Korean celebrity management agency KeyEast Entertainment Co.,Ltd., potentially taking a 20% stake, according to Chinese media reports.
Shanghai-headquartered Chinese privately owned conglomerate Fosun International Ltd. has launched a US$100 million venture arm in Silicon Valley to invest in technology companies that are looking to expand in China, according to media reports.