China’s Alibaba Group Holding Ltd. has put on hold plans to invest in Indian companies amid rising geo-political tension between the two nations.
This is arguably the world’s largest financing round in the online InsurTech industry so far this year.
Huawei invested a total of 200 million yuan and became limited partners (LPs) of the Shenzhen Hongtu Shanli Private Equity Investment Fund Partnership.
Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
China VC Weekly reports the updated investment information in fields of Chips, Biotech, Cleaning Robots and Car Rental.
Luckin Lenders won an order to wind down two entities owned by Lu Zhengyao, Chairman of Luckin Coffee.
After receiving $70 million cross-border investment in 2018, Chinese RTC service provider Agora.io these days planned its U.S. IPO.
Chinese multinational internet company ByteDance is looking to launch a second corporate entity in India after ByteDance India Services Ltd.
Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.
The CSRC has sent an investigative team to inquire into fraud allegations against Luckin Coffee. Several auditors are currently inspecting Luckin’s financial situation.
Chinese video sharing website Bilibili received $400 million in strategic investment from Sony and will further collaborate with the Japanese conglomerate, it announced on Thursday.
The coronavirus outbreak is still in full force, limiting business opportunities and impelling investors to put their activities on hold.
While China’s tier-one and tier-two cities keep rapidly expanding, making us marvel at the speed and quality of their development, the really astounding action is happening elsewhere.
Ant Financial announced the launch of the INCLUSION Fintech Conference, an event that aims to bring together the global financial and technology community.
Ant Financial has responded to rumors of dual listing IPO of both A-shares and H-shares, saying there is no plan or timetable for an IPO.