Investment Archives - Page 5 of 8

Xiaomi Invests 2 Billion Yuan in Establishing Corporate Management Company in Wuhan

On Monday, business registration information suggested that Wuhan Yibayiling Corporate Management Co., Ltd. was established with a registered capital of 2 billion yuan ($313.5 million).

Former Sequoia China Executive Cao Xi Establishes Monolith Management With First Fund to Exceed $500 Million

Cao Xi, a former partner of Sequoia China, announced on Friday that he and Tim Wang, a former secondary market partner of Boyu Capital, will jointly establish Monolith Management, an investment management institution.

Leo Group Receives TBCA Refund of $50 Million, Plans for Cooperation With SpaceX May Change

Previously, Leo Group announced that its subsidiary Leo Investments Hong Kong Limited plans to invest $50 million in TBCA to participate in a partnership investing in SpaceX.

Alibaba Invests 40 Million Yuan in Dazhong Chuxing

Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.

Hotel Chain Sunmei Group Receives Strategic Investment from Xiaomi

Chinese hotel chain Sunmei Group announced on Monday that it had received a strategic investment from Xiaomi. Lighthouse Capital served as the exclusive financial adviser for the investment.

Moka Completes C-Round of Financing Worth $100 Million With Tiger Global as Lead Investor

On Tuesday, HR software as a service (SaaS) provider Moka announced that it has completed its C Round of financing, in which it garnered $100 million.

HoloMatic Signs Investment Agreement with GAC Capital

On 29 October, HoloMatic (Beijing) and Guangzhou Automobile Group Co., Ltd. (GAC Group) signed an agreement in Guangzhou to deepen their cooperation.

Influencer Li Ziqi Sues Weinian, ByteDance Withdraws Stake in Firm

Due to a dispute between prominent web influencer Li Ziqi and her partner company, Weinian Brand Management Co., Ltd., ByteDance withdrew its stake in the company on October 16.

Source Code Capital Announces Chang Kaisi As Partner: Previously Participated in ByteDance Investment

Chinese investment institution Source Code Capital announced on Wednesday that Chang Kaisi was promoted to partner.

Evergrande Punishes Six Executives Involved in Early Redemption of Company’s Investment Products

Six executives of the heavily indebted China Evergrande Group have fully returned funds from early redemptions of the company's investment products before Friday, the property group said Saturday.

NetEase Investes $120 Million in Overseas Game Company Kepler Interactive

Game publisher Kepler Interactive said Tuesday that it had received $120 million in funding from Chinese game developer NetEase, Reuters reported.

Evergrande Group Investigates Redemption of Investment Products by Executives, Requires Six Executives to Return Funds Within Time Limit

The ongoing storm related to the overdue redemption of Evergrande's wealth management products continues and doubts about the earlier redemption of these products by some of the company's senior executives are immense.

Bytedance Denies Setting up Private Equity Funds

That Tianjin Bytedance Management Consulting Co., Ltd. was officially renamed led to a hot debate in the venture capital community. Bytedance responded on Monday night that currently it had no plan to set up a private equity fund.

Lantouzi.com’s Zhang Lei Put Under Border Control, Not Zhang Lei of Hillhouse Capital

Media reports on August 12 stated that Zhang Lei, CEO of lantouzi.com, faces punishment by border control authorities, not Zhang Lei of Hillhouse Capital.

ByteDance Starts Internal Testing of “Douyin Auction” to Increase Investment in E-Commerce Business

ByteDance's Douyin platform, the Chinese domestic version of TikTok, has recently tested a new auction function in its e-commerce business. It is reported that only merchants with legal auction qualifications can carry out this function.

Meituan’s Venture Capital Wing Long-Z Invests in Chinese Self-Driving Startup QCraft

Meituan has invested in autonomous driving startup QCraft’s latest fundraising round of $100 million, highlighting the intensifying bets made by the country’s Big Tech on the promising driverless car space.

SoftBank Halts New Investments in China

Japanese investment giant SoftBank Group plans to pause new investments in China until the impact of regulatory actions against the country's tech firms becomes more clear, the Wall Street Journal reported on Wednesday.

Huawei to Invest $100M in Asia-Pacific Spark Program Over Next Three Years

At the Huawei Cloud Spark Founders Summit, Huawei announced intentions to invest $100 million in its Asia-Pacific Spark Program throughout the next three years to help create a sustainable start-up ecosystem in the region.

Didi Denies Going Private, Pre-Market Price Soars 50%

On the evening of July 29th, the Wall Street Journal reported that Didi, an online ride-hailing company, was considering privatization to appease the dissatisfaction of Chinese authorities. The report said that the company would also compensate investors for losses incurred by the company's listing in the United States a month earlier. Didi later denied this report on its official Weibo channel. Prior to that time, the company's pre-market share price spiked 50%.

Beleaguered Retail Group Suning.com receives a $1.4bn State-Backed Investment

On Monday, Suning.com, the retail arm of Suning Group, announced that two state-backed investors took the lead to establish the second phase of Jiangsu Xinxin Retail Innovation Fund, which would acquire 16.96% equity of Suning.com at a price of 5.59 yuan per share, marking the latest move by China to rescue debt-ridden conglomerate.

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