TAIPEI, Taiwan, Aug. 17, 2018 /PRNewswire/ — GigaMedia Limited (NASDAQ: GIGM) today announced that its Chief Executive Officer Cheng-Ming Huang a.k.a. James Huang has purchased a total of 111,387 shares of GigaMe…
HRG Robotics Presents Key Industry Report at the World Robot Conference 2018
BEIJING, Aug. 17, 2018 /PRNewswire/ — HIT Robot Group ("HRG" or "the Group"), one of China’s leading robot manufacturers, presented the Analysis Report on Robot Industry in China 201…
Trina Solar releases 2017 Corporate Social Responsibility Report
CHANGZHOU, China, Aug. 17, 2018 /PRNewswire/ — Trina Solar Limited ("Trina Solar" or the "Company"), a leading total solutions provider for solar energy, recently released its "2017 Corporate …
Puxin to Report Second Quarter 2018 Financial Results on August 23, 2018
BEIJING, Aug. 17, 2018 /PRNewswire/ — Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it w…
iClick Interactive Joins Industry Group to Help Build a Strong AI and Robotics Ecosystem in Hong Kong
CTO joins Hong Kong Society of Artificial Intelligence and Robotics as Executive Council Member
HONG KONG, Aug. 17, 2018 /PRNewswire/ — Dr. Jian Tang, Chief Operating Officer, Chief Technology Officer and Co-Founder …
Ctrip Invests In Series B Round In Chinese Immigration Service Platform Hinabian
Shenzhen-based immigration service provider Hinabian Technology Co., Ltd. today announced that it has raised an undisclosed series B round from Chinese travel service provider Ctrip.com.
New Nordic Group Plans to Hire Hundreds
1 in 5 New Jobs Tied to Growing Tourism in Asia Important Sector for Emerging Markets
PHUKET, Thailand, Aug. 17, 2018 /PRNewswire/ — The World Travel and Tourism Council’s "2018 Annual Economic Report" sta…
JD.com Launches Blockchain Open Platform For Enterprise Customers
Chinese retailer JD.com today announced that it is launching a new blockchain technology platform to help enterprise customers build, host and use their own blockchain applications for operations management.
TCL Electronics Partners with Sunshine 100 to Develop the Leading Shared Smart Apartment
Business Diversification Further Enhanced Smart Home Turned into Reality
HONG KONG, Aug. 17, 2018 /PRNewswire/ — TCL Electronics Holdings Limited ("TCL Electronics" or "the Company"; 01070.HK…
iQIYI to Kick Off Next Stage of IP Development Project with Adaptation of Online Comic ‘Conspiracy of Love’ into Live Action Online Drama
Second phase of the Welkin Project will adapt iQIYI’s most popular online comic IP into multiple formats including films, online drama, cartoons and games
BEIJING, Aug. 17, 2018 /PRNewswire/ — iQIYI, Inc. (NASDA…
Cloud Native Computing Foundation Announces Speaker Line-up for Inaugural KubeCon + CloudNativeCon China, Signaling Region’s Momentum
First Asia event by Kubernetes-host organization will highlight large-scale market adoption and include cloud native tracks on service mesh, CI/CD, Istio, container security and more
SAN FRANCIS…
IMAX China Kicks off Second Half of 2018 with Strong Box Office Performance; Up 54% QTD
SHANGHAI, Aug. 17, 2018 /PRNewswire/ — IMAX China Holding, Inc. (HKSE: 1970) today announced that, as of August 15, IMAX China Box office is up 54% QTD and 19% YTD, grossing approximately $42 M since July 1s…
Ping An Good Doctor To Set Up Joint Venture With Grab In Southeast Asia
Chinese one-stop healthcare platform Ping An Good Doctor (HK: 01833) has entered into a subscription agreement with Grab for a joint venture in Southeast Asia, the firm announced today.
Y Combinator Appoints Baidu’s Former COO Lu Qi To Head Its New China Business
American seed accelerator Y Combinator recently announced its China plans and appointed Baidu’s former COO Lu Qi as its CEO, according to a Chinese media report.
Alibaba Bought Stake In Turkish E-commerce Platform Trendyol At $750M Valuation
Chinese e-commerce Alibaba Group Holding Ltd. has acquired a majority stake in Turkish e-commerce platform Trendyol at an enterprise value of at least US$750 million, according to a U.S. media report citing insiders.
Tencent-Backed Chinese EV Firm NIO Files For $1.8B US IPO
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.
Hong Kong-based PE Firm GSR Capital To Invest $270M In Blockchain Subsidiary tZero
Hong Kong-based private equity firm GSR Capital will invest a total of US$374.55 million in e-commerce retailer Overstock, with US$270 million to be allocated for its blockchain subsidiary tZERO, according to the company’s announcement.
Hillhouse Capital, General Atlantic Lead $120M Series C Round In Chinese Co-working Space Mydream+
Hillhouse Capital has joined General Atlantic to lead a US$120 million series C round in Chinese co-working space Mydream+.
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.
Long Hill Capital Sees Opportunities In China’s Underserved Healthcare Sector
To tackle China’s structural shortage of quality healthcare services, technology and innovation can play an important role beside regulatory reform, Jiang Xiaodong, managing partner of Chinese venture firm Long Hill Capital, told China Money Network.
Didi Invests $1B In Its Auto Solution Platform Xiaoju Automobile Solutions
Chinese ride-hailing service provider Didi Chuxing said today it will invest US$1 billion into its auto solutions platform Xiaoju Automobile Solutions Co.
JD.Com Launches First Cashier-Free Store Overseas In Indonesia
Chinese e-commerce firm JD.com Inc has opened its first cashier-free retail store overseas in Indonesia. The JD.ID X-Mart, newly opened in Jakarta, looks and operates similarly to cashier-free stores opened earlier by its rival Alibaba and many Chinese unmanned convenience store start-ups that emerged last year.
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.
Pinduoduo, Freshly Listed, Claims Malicious Cyber Publicity Attack By Competitors
Chinese e-commerce platform Pinduoduo Inc. (PDD.O), which just completed a listing on the NASDAQ, said that it has suffered from a series of planned and malicious cyber publicity attack. Pinduoduo said it has reported the attack to the China Internet Network Information Center.
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.
Temasek And SoftBank Lead $500M Series B Round In WeWork China
U.S. co-working space WeWork Companies today announced that it has completed a US$500 million series B round in WeWork China. The round was led by Temasek, the SoftBank Group the SoftBank Vision Fund, as well as Chinese investment firms Trustbridge Partners and Hony Capital.
Long Hill Capital Closes $265M Second Fund To Invest In China’s Healthcare and Consumer Sectors
Chinese venture capital firm Long Hill Capital has closed its second fund with US$265 million to continue investing in China’s healthcare and consumer sectors, the firm announced today.
Chinese Search Engine Sogou Is Becoming An AI-Powered Smart Hardware Company
Sogou Inc., China’s second largest search engine after Baidu Inc., is becoming a smart hardware company powered by its artificial intelligence capabilities. That may be something Sogou founder Wang Xiaochuan would never have foreseen eight years ago when he founded the Internet company in Beijing.
KKR Leads $1.56B Take-Private Deal Of Taiwanese Chemicals Producer LCY
A consortium led by KKR has agreed to acquire Taiwanese specialty chemicals producer LCY Chemical Corp. (TPE: 1704) for approximately TWD47.8 billion (US$1.56 billion).
Sequoia Capital China Leads $28M Private Placement Financing In Public Chain Nervos Network
Nervos Network, the public chain project, announced today that it has received US$28 million in private placement financing led by Sequoia Capital China and Wanxiang Blockchain, according to its official announcement.
US Programmable Logic Devices Manufacturer Xilinx Acquires Chinese AI Firm DeePhi Technology
Xilinx Inc, a San Jose, California-based programmable logic devices supplier, announced that it has acquired Beijing-based artificial intelligence start-up DeePhi Technology Co. Ltd.