Xiaohongshu's possible Series E, US-based food delivery company seeing a surge in contactless takeaway orders, a Chinese ed-tech startup providing online research counseling, a medical diagnostic company and a major local hotel chain.
On August 27, Annie Chen, founder and CEO of Kuaikan, a comic art platform in China, announced in an internal letter that the company has received an investment of $125 million from Tencent Holdings.
Following the release of a Reuters article on Sequoia Capital China's 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.
iMarkets reported on January 31 that Sequoia Capital, which has invested in Google and Apple, plans to raise an $8 billion venture capital fund to support Chinese investors.
On October 19, Meituan, China’s largest Internet + life service platform, announced that it had completed a new round of financing worth $4 billion and its valuation is expected to reach $30 billion.
