Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus.
Tencent-backed China Literature Acquires Chinese Digital Producer New Classics Media for $2.2B
China Literature — the Tencent e-publishing venture that went public with a US$1 billion IPO last November— announced that it would acquire Chinese digital production company New Classics Media for around RMB 15.5 billion (US$2.2-2.3 billion), according to a media report.
Tencent-backed Q&A Platform Zhihu Raises $270M Series E Round
Zhihu, a question-and-answer knowledge sharing platform similar to Quora, has raised a US$270 million series E round, announced by Zhou Yuan, founder and CEO of Zhihu, through video at today’s press conference in Beijing.
Tencent Leads $50M Pre-A Round In Chinese AI Chip Maker Suiyuan Technology
Tencent Holdings Ltd has led a RMB340 million (US$50 million) pre-A round in Suiyuan Technology, a Chinese artificial intelligence start-up developing cloud-based deep learning chips for AI training platforms.
Tencent-Backed Business Service Provider Weimob Files For Hong Kong IPO
Tencent-backed Chinese cloud-based commerce and marketing solutions provider Weimob Inc. has filed for an initial public offering in Hong Kong, according to its IPO prospectus.
Google Reportedly In Talks With Tencent And Inspur To Provide Cloud Service In China
American tech giant Google is reportedly in talks with Tencent Holdings Ltd. and Chinese cloud computing service provider Inspur Group and other Chinese companies to bring its Google cloud services to mainland China, according to media reports citing insiders.
Google Reportedly Develops Censored Search Engine To Return China
US search engine giant Google reportedly plans to return China by developing a censored engine that will comply with Chinese law, according to media reports citing insiders.
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.
Tencent To Reportedly Develop AI Devices In A Joint Venture With Samsung
China’s social media giant Tencent Holdings Ltd. has joined forces with Korean smartphone maker Samsung Electronics to push artificial intelligence-powered devices, according to Korean media insiders.
Alibaba, Tencent Invest $53M In Chinese TV Show Producer Canxing
Chinese tech giants Alibaba Group Holding and Tencent Holdings Ltd have invested in television show producer Shanghai Canxing Cultural and Broadcast Company Ltd., according to a security filing.
Chinese Medical Solution Provider Medlinker Raises US$147M in Series D Round
Chinese medical solution provider Medlinker has raised a RMB1 billion (US$146.8 million) series D round led by China Capital Zhongcai Fund, an industrial fund management company jointly sponsored by China Investment Securities, Zhongcai Financial Holding Investment LTD and others.
Consumer Healthcare Platform Igengmei Raises $50M Series D Round
Chinese consumer medical beauty platform Igengmei raised a US$50 million series D1 round from Xiamen-based technology company Meitu and Shenzhen-based FOFs DH Fund.
Chinese PE/VC Saw Fundraising Plummet, Leading To More Concentrated Investments
During the first six months, Chinese private equity and venture capital funds saw fundraising plummeting significantly. The tight liquidity conditions, mostly due to tightened financial regulations, has led to more concentrated investments as GPs become more cautious in where to put capital.
Blockchain Startup TRON To Acquire Software Company BitTorrent For $140M
Blockchain startup TRON announced in a blog post that it has officially acquired San Francisco-based software company BitTorrent.
Tencent Reportedly In Talks To Invest Up To $500M In Indian Budget Hotel Oyo Rooms
Tencent Holdings Ltd. is in talks to lead a financing round of between US$300 million to US$500 million in Indian budget hotel brand Oyo Rooms, according to Indian media insiders.
Chinese Smart Navigation Start-up Wayz.ai Raises $80M Series A Round
Smart location and mapping service start-up Wayz.ai announced that it has raised a US$80 million series A round from undisclosed investors.
Tencent, Alibaba May Buy Minority Stakes In WPP’s Chinese Operation To Boost Advertising Business
China’s internet giants Alibaba Group Holding Ltd., and Tencent Holdings Ltd. are in talks to acquire a minority stake in British advertising and public relations firm WPP, according to British media insiders.
Tencent-backed Game Streaming Platform Douyu Said To Raise $700M In US IPO
Tencent-backed online gaming portal Douyu is rumored to seek a US$700 million initial public offering in the US, according to a media report.
GlobalPlatform Expands Annual Seminar in China
The new ‘Security in our Connected World’ event will focus on the
implementation and value of GlobalPlatform technology in real world use
cases
BEIJING–(BUSINESS WIRE)–#Blockchain–Following the success of its 2017 event, …
Xiaomi Launches New Platforms Offering Blockchain-based Mili As Reward
In lieu of Xiaomi’s Milutong platform, the electronics bigwig announced the release of 2B (for the enterprise) Milutong platform and the 2C (for the individual) Xiaomi WiFi chain allowing users to earn blockchain reward "Mili”.
China’s Primavera Capital Co-leads $500M Round In US Autonomous Driving Start-up Zoox
Primavera Capital, a Chinese investment firm founded by Fred Hu – former Greater China chairman at Goldman Sachs, has joined Australian billionaire Cannon-Brookes’ Grok Ventures to co-lead a US$500 million round in U.S. autonomous driving start-up Zoox.
Didi Chuxing-backed Chinese Auto Transaction Service Platform Cango Files For $138M US IPO
Chinese online auto transaction service platform Cango Inc. has set its IPO price between US$10 to US$12, with 12.5 millions American depositary shares (ADS), aiming to raise US$138 million, according to its IPO prospectus.
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.
Pinduoduo Sets Terms For $1.5B IPO, Tencent and Sequoia Plan To Increase Stakes
Chinese e-commerce platform Pinduoduo aims to raise US$1.5 billion by selling 85.6 million American Depositary Shares (ADS) at a price range of US$16 to US$19, according to its IPO prospectus.
iCarbonX And COFCO NHRI Enter Strategic Partnership For Blood Sugar Research
iCarbonX , a Chinese artificial intelligence-enabled health data mining start-up, has signed a strategic cooperation agreement with COFCO NHRI, the central research institute under Beijing-based agricultural conglomerate COFCO Corporation, to push for the dynamic blood sugar research and its related application development.
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.
Chinese News App Toutiao Considering Hong Kong IPO
Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app’s parent Beijing Bytedance Telecommunications Co – is reportedly considering a Hong Kong IPO that may value it at over US$45 billion, according to a media report.
Meituan Dianping’s Venture Capital DragonBall Closes $302M Debut Fund
DragonBall Capital – venture capital fund of Chinese on-demand local services firm Meituan Dianping, announced that it has completed raising a total of RMB2 billion (US$301.66 million), exceeding the initial RMB1.5 billion target.
Goldman Sachs Leads $127M Series D Round In Chinese Fitness App Keep
Goldman Sachs has led a US$127 million series D round in Chinese fitness mobile app Keep, according to GGV’s announcement.
Xiaomi Sees Weak IPO Debut In Hong Kong
Chinese smartphone maker Xiaomi had a soft debut at the Hong Kong Stock Exchange this morning as shares began trading at HK$16.6, 2.4% below its listing price (HK$17) which was already at the bottom of the range.
Tencent Proposes A Spin-off: Tencent Music To File A Separate US IPO
Chinese social media giant Tencent has proposed a spin off to its online music entertainment business Tencent Music Entertainment Group through an initial public offering in the United States.