China VC/Tech News Weekly Roundup: Chinese Intra-City Logistics Firm Raises $250M, Recycling Start-Up Secures $150M

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of July 9 to July 13, 2018, with host Nina Xiang. Topics covered include 58 Suyun, a freight business unit under Chinese online marketplace 58 Daojia, securing US$250 million funding, and Tiger Global Management leading a US$150 million round in Aihuishou, a Shanghai-based smartphone and consumer electronics recycle start-up. Be sure to subscribe to China Money Podcast …

China VC/Tech News Weekly Roundup: China VC Tracker For June, Computer Vision Firm Trax Raises $125M

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of July 2 to July 6, 2018, with host Nina Xiang. Topics covered include Chinese VC Tracker for the month of June, where a monster round completed by Ant Financial drove monthly VC deal value over 300% more than that of May, and computer vision solutions firm Trax raising a US$125 million round from Chinese investment firm …

Tencent-backed E-commerce Platform Pinduoduo Files For $1B US IPO

Walnut Street Group Holding Ltd., which operates Chinese e-commerce platform Pinduoduo, seeks for a US$1 billion initial public offering in the U.S., according to its IPO prospectus. The document confirms Pinduoduo’s IPO rumour reported by China Money Network earlier this week. Founded in 2015 by former Google software engineer Colin Huang, Pinduoduo allows users to participate in group buying deals, mostly through Tencent’s WeChat. It targets low-income consumers from lower-tiered cities in China. In 2017, its gross merchandise value (GMV) …

China VC/Tech News Weekly Roundup: Vipkid’s $500M Series D+, AI Chip Maker Cambricon Raises Massive Round

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of June 18-22, 2018 with host Nina Xiang. Topics covered include Chinese AI chip maker Cambricon’s massive round worth several hundred millions of U.S. dollars, Vipkid’s US$500 million series D+ financing, and lots of other VC news and tech topics. Be sure to subscribe to China Money Podcast for free in the iTunes store, or subscribe to …

Chinese AI Chip Maker Cambricon Raises Massive Funding Round Led By SDIC Venture

Chinese artificial intelligence chip maker Cambricon Technologies Corp Ltd. has raised a series B round worth several hundreds of millions of U.S. dollars led by SDIC Venture Capital, a subsidiary of state-owned investment holding group China Reform Holdings Corp Ltd, China State-owned Capital Venture Investment Fund and its sub-fund Guoxin Qidi Fund.

China VC/Tech News Weekly Roundup: Chinese AI Firm Yitu Tech Raises $200M, Baidu Prepares CDR Issuance

In this episode of China Money Podcast, listen to all the news headlines in the week of June 11-15, 2018 with host Nina Xiang. Topics covered include Chinese AI company Yitu Tech’s US$200 million venture round, Baidu Inc’s plans to issue China Depositary Receipts, and China Money Network’s efforts to compile a list of 50 leading Chinese AI companies to shed light on the industry. Be sure to subscribe to China Money Podcast for free in the iTunes store, or …

Hans Tung: Eight Lessons From The Rise Of Chinese Short Video App Douyin

What is the most popular app in China? You’re probably thinking WeChat. Though that might still be true, WeChat now has a serious challenger whose meteoric rise has taken China by storm (and WeChat’s owner Tencent by surprise). That is Douyin (抖音, literally “shaking sound” in Chinese), one of the most popular short video apps in China, as well as worldwide. It is owned by ByteDance (a.k.a Toutiao), an AI-driven media company in China and one of the world’s most …

500 Startups’ Bonnie Cheung: More Blockchain Projects Should Focus On Solving Inter-Chain Operability And Privacy Issues

Bonnie Cheung, a venture partner at 500 Startups, has read hundreds of blockchain whitepapers to screen for a select few that the early-stage investment firm and seed accelerator chooses to back. As things tend to progress with hyper speed in blockchain compared to other industries, 500 Startups has invested in enough projects to solve "the scalability" issue in a matter of four to five months. For now, she wants to see more projects focused on solving the two other key …

China VC/Tech News Weekly Roundup: Xiaomi CDR Issuance, Ant Financial’s $14B Massive Round

In this episode of China Money Podcast, listen to all the news headlines in the week of June 4-8, 2018 with host Nina Xiang and guest Fritz Demopoulos, founder of Queens Road Capital and co-founder of Qunar.com. Topics covered include Chinese smartphone maker Xiaomi Inc.’s dual listing in Hong Kong and in China via the newly implemented CDR program, Ant Financial’s massive US$14 billion new round, and how to keep up with shifting new tech trends in today’s world. Be …