Investment

Chinese AI Firm CloudWalk Technology Pools USD75.75 Million in Series B Funding

Chinese AI Firm CloudWalk Technology Pools USD75.75 Million in Series B Funding

Chinese artificial intelligence firm CloudWalk Technology Co. pooled USD75.75 million (CNY500 million) in series B funding in a round led…

Nov 20, 2017
Zhang Xia
Alibaba Furthers Offline Investment, Spends USD2.88 Billion on 36% Stake in Sun Art Retail

Alibaba Furthers Offline Investment, Spends USD2.88 Billion on 36% Stake in Sun Art Retail

Chinese e-commerce behemoth Alibaba Group Holding Ltd. [NYSE:BABA], Groupe Auchan SA and Ruentex Group today announced a strategic cooperation in new retail, Sina Tech reported.

Nov 20, 2017
Liao Shumin
ChinaEquity Group, Sequoia Capital Back 24-Hour Convenience Store Brand Today in Funding Round

ChinaEquity Group, Sequoia Capital Back 24-Hour Convenience Store Brand Today in Funding Round

Today, a Chinese 24-hour convenience store brand, has completed its series B financing round, which was led by ChinaEquity Group…

Nov 20, 2017
Zhang Xia
Kids’ Education Provider ALO7 Technology Bags USD37.5 Million in D-Round Funding

Kids’ Education Provider ALO7 Technology Bags USD37.5 Million in D-Round Funding

Shanghai ALO7 Technology Co., which provides English learning materials for kids, has secured USD37.5 million in D-round funding led by…

Nov 20, 2017
Zhang Xia
Autonomous Driving Firm TSINTEL Technology Bags USD15 Million in A-Round Financing

Autonomous Driving Firm TSINTEL Technology Bags USD15 Million in A-Round Financing

Chinese driverless car technology provider Tianjin TSINTEL Technology Co. has secured USD15.15 million (CNY100 million) in A-round financing led by…

Nov 17, 2017
Zhang Xia
First State-Owned Rental Housing Management Enterprises Inaugurated in Guangzhou

First State-Owned Rental Housing Management Enterprises Inaugurated in Guangzhou

China is stepping up its efforts to encourage the development of the rental housing market. Two new state-owned rental housing…

Nov 17, 2017
Tang Shihua
Educational Video Provider Renrenjiang Completes USD1.5 Mln Pre-A Round Financing

Educational Video Provider Renrenjiang Completes USD1.5 Mln Pre-A Round Financing

Educational video provider “Renrenjiang” has obtained CNY10 million (USD1.5 million) pre-A round of financing. Hantan Capital and Rootscap were the principal investors.

Nov 17, 2017
Tang Shihua
Sino-Comm Subsidiary Acquires Golden Millennium

Sino-Comm Subsidiary Acquires Golden Millennium

Shenzhen Gold Millennium Wealth Management Co. said yesterday that a subsidiary of Sino-Comm (Tibet) Asset Management Co., a large state-owned Chinese enterprise, signed an agreement to acquire it.

Nov 16, 2017
Zhang Xia
Sunac China Provides USD269 Million Loan to Cash-Strapped Leshi

Sunac China Provides USD269 Million Loan to Cash-Strapped Leshi

Sunac China Holdings Ltd. [HKG:1918] has offered CNY1.79 billion (USD269 million) loan to Leshi Internet Information and Technology (Beijing) Co.…

Nov 16, 2017
Liao Shumin
Professional Social Network Maimai Secures USD75 Million in C-Round Funding, Eyes 2019 IPO

Professional Social Network Maimai Secures USD75 Million in C-Round Funding, Eyes 2019 IPO

Chinese professional social networking app Maimai, run by Beijing Taoyou Tianxia Technology Development Co., has bagged USD75 million in C-round…

Nov 16, 2017
Zhang Xia
Tsinghua Unigroup to Invest USD15 Billion to Research 5G, IOT in Dongguan

Tsinghua Unigroup to Invest USD15 Billion to Research 5G, IOT in Dongguan

China’s state-owned Tsinghua Unigroup Co. plans to invest CNY100 billion (USD15.1 billion) to build five technology bases for 5G and…

Nov 16, 2017
Zhang Xia
Chinese Data Firm ZMT Network Raises USD27 Million in B+ Funding

Chinese Data Firm ZMT Network Raises USD27 Million in B+ Funding

China’s largest offline data service provider, Beijing ZMT Network Technology Co., has raised CNY180 million (USD27.27 million) in its B+…

Nov 16, 2017
Zhang Xia

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