Investment Archives - Page 6 of 8

Kuaishou E-Commerce Holds Investment Promotion Conference for Books and Education to Support Partners

Chinese short video company Kuaishou conducted an Investment Promotion Conference for the Books and Education Industry in Beijing, and released a business support plan for the industry.

Sources Say Chinese Convenience Store Chain Bianlifeng to file US IPO, Denied By Company Spokesperson

Sources said today that China's Internet convenience store brand Bianlifeng is planning to file for an IPO. Goldman Sachs, Morgan Stanley and CITIC Securities will act as lead underwriters to arrange the listing.

China VC Weekly: Blockchain, Trucking, E-commerce

In last week’s VC news, blockchain startup Rangers Protocol brought its valuation to $63 million, investment firm Yinke PE closed a new RMB-denominated fund, UAE fund poured funds into a Chinese trucking startup and cross-border fashion e-commerce platform Doublefs raised as much as $100 million.

Tencent to Build Global Headquarters on Artificial Island With $5.7 Billion Investment in Shenzhen

Tencent this month officially initiated a project to erect a brand new global headquarters in Shenzhen's Dachan Bay.

Chinese E-pharma Platform Dingdang Health Raises $220 Million to Expand O2O Strategy

Chinese online-to-offline (O2O) medicine platform Dingdang Health has raised $220 million in its latest financing round led by TPG Capital Asia, the company announced on Tuesday.

China VC Weekly: Logistics, Robots and Surgical Instruments

In last week’s VC news across China, logistics upstart YQNLink bags a whopping $100 million in its latest round, Hong Kong-based investment firm Gaw Capital Partners closes a further $430 million in funds, robotics startup MegaRobo closes a hefty $65 million investment round while Suzhou’s IntoCare Medical rakes in more than $15 million in its Series D fundraising round.

Kuaishou Alliance Launches “2021 Super Partner Program” to Support Allied Firms

At an ecological conference on Tuesday, the Kuaishou Alliance, operating under Chinese short video platform Kuaishou, launched a "2021 Super Partner Program".

Tencent Announces 50 Billion Yuan Investment in Sustainable Innovation

In a letter to employees on Monday, Tencent’s CEO Pony Ma announced that the company would invest 50 billion yuan ($7.67 billion) in areas including “basic science, education innovation, rural revitalization,” and more.

Alibaba Group Announces Offering of $5B Senior Unsecured Notes

On Feb. 5, China’s tech giant Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) announced the pricing of an underwritten registered public offering of $5 billion senior unsecured notes, per Business Wire.

EV Maker Faraday Future Goes Public on Nasdaq via Merger with PSAC

EV manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) with the combined entity valued at $3.4 billion.

China VC Weekly: Biotech, Open-source and New Hefty Funds

Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.

TME Announces Strategic Partnership and Minority Equity Investment in Wave

NYSE-listed Tencent Music Entertainment Group (TME) announced a strategic partnership and minority equity investment in Wave, the market leader in interactive virtual entertainment experiences.

China VC Weekly: Esports, Wealth Management and Education

Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.

Car-sharing Provider GoFun Completes Series B Financing, Planning for Listing

Chinese car-sharing provider GoFun recently completed its Series B financing with several investors amounting to hundreds of millions of RMB.

Bilibili Completes Strategic Investment in Huanxi Media with HK$513M Transaction Size

Chinese video platform Bilibili has completed its strategic investment in media company Huanxi Media, subscribing for 347 million additional common shares issued by Huanxi Media.

WeWork Sells Majority Stake in China, Receiving $200M Investment in the Chinese Unit

American shared workspace provider WeWork’s Chinese unit secured a $200 million investment led by Trustbridge Partners.

China’s Alibaba Hits Pause on Investments in India Amid Rising Geopolitical Tensions, Report Says

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.

Waterdrop Raises $230M in Series D Round

This is arguably the world’s largest financing round in the online InsurTech industry so far this year.

Huawei Invests in Newly Established Venture Capital Fund Hongtu Shanli

Huawei invested a total of 200 million yuan and became limited partners (LPs) of the Shenzhen Hongtu Shanli Private Equity Investment Fund Partnership.

Xpeng Motors Raises $400 Million Before US Listing

Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.

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