Funding

Shengda Forestry Industry Eyes Cross-border E-commerce With Investment in Quanzhimai

Shengda Forestry Industry Eyes Cross-border E-commerce With Investment in Quanzhimai

Sichuan Shengda Forestry Industry, a clean energy company, will invest in Hangzhou Quanzhimai E-commerce to build an integrated business-to-consumer, or…

Jun 19, 2018
Liao Shumin
Six-Month-Old Chinese Coffee Unicorn Guns For Starbucks

Six-Month-Old Chinese Coffee Unicorn Guns For Starbucks

A coffee chain startup that didn’t exist until the start of this year has just become China's latest unicorn after…

Jun 14, 2018
Liao Shumin
Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Chinese checkout-free convenience store operator Xingbianli has completed a new round of multi-million yuan financing despite reported cost-saving measures,…

Jun 11, 2018
Le Yan
Hainan Airlines to Buy HNA Group Assets, Raise USD1.1 Billion

Hainan Airlines to Buy HNA Group Assets, Raise USD1.1 Billion

Hainan Airlines Holding plans to acquire CNY10 billion (USD1.6 billion) of HNA Group assets and raise up to CNY7 billion…

Jun 11, 2018
Chen Shanshan
Startup Tigerobo to Build AI-Based Financial Search Engine With New Funds

Startup Tigerobo to Build AI-Based Financial Search Engine With New Funds

Tigerobo will use new funding totaling more than CNY100 million (USD16 million) to bolster its efforts to develop a financial information search engine based on artificial intelligence.

Jun 5, 2018
Liao Shumin
Hellobike Raises USD321 Million in New Funding Led by Ant Financial’s Unit

Hellobike Raises USD321 Million in New Funding Led by Ant Financial’s Unit

Jiangsu Youon Bike Low Carbon Technology, the operator of China’s third-largest bike-sharing service provider Hellobike, raised CNY2.06 billion (USD321 million)…

Jun 1, 2018
Liao Shumin
World’s Most Valuable AI Firm SenseTime Wraps Up 2nd Fundraiser in Two Months

World’s Most Valuable AI Firm SenseTime Wraps Up 2nd Fundraiser in Two Months

Chinese facial recognition technology developer SenseTime has topped up its financing for a second time in just two months, reinforcing its position…

May 31, 2018
Xu Wei
JD Finance Refutes IPO Reports, No Listing Timetable for Now

JD Finance Refutes IPO Reports, No Listing Timetable for Now

JD.Com’s financial services arm has rebutted reports that it may float on China’s A-share market in 2019 or 2020, stating…

May 29, 2018
Liao Shumin
[Editorial] Smaller IPOs Restore Sense to China’s A-share Market

[Editorial] Smaller IPOs Restore Sense to China’s A-share Market

Attention has continued to focus this year on the amount of money companies raise in initial public offerings, even as the overall proceeds from listings on China’s A-share market have shrunk.

May 22, 2018
Xu Yunfeng
Leshi Slashes LeTV Valuation by 25% in Updated Capital Increase Plan

Leshi Slashes LeTV Valuation by 25% in Updated Capital Increase Plan

Cash-strapped Leshi Internet Information and Technology Corp., has provided an update for TV-affiliate New Leshi Smart Home's capital injection plan.…

Apr 1, 2018
Liao Shumin
Chinese Electric Car Startup NIO Denies Reports of US IPO

Chinese Electric Car Startup NIO Denies Reports of US IPO

Shanghai NIO Automobiles Co. denied speculation that it is preparing for initial public offering in the U.S., calling such reports pure rumor, news outlet Changjiangtimes.com reported.

Mar 19, 2018
Xu Wei
Bike-Sharing Startup Ofo Raises Record USD866 Million to Beat Off Competition, Merger Attempts

Bike-Sharing Startup Ofo Raises Record USD866 Million to Beat Off Competition, Merger Attempts

The world’s largest shared-bike services provider Beijing Bikelock Technology Co., better known as Ofo, has raised record high of USD866…

Mar 13, 2018
Xu Wei