Funding

Ele.me, Koubei Holding Firm Funding Is Set to Top Meituan-Dianping IPO

Ele.me, Koubei Holding Firm Funding Is Set to Top Meituan-Dianping IPO

Several investors are seeking to join Alibaba Group Holding’s newly-formed overarching company for its recently merged Ele.me and Koubei platforms. The new company’s initial funding will exceed its original…

Sep 12, 2018
Liao Shumin
Jailbird Entrepreneur Wang Xin Bags USD30 Million for New AI Venture

Jailbird Entrepreneur Wang Xin Bags USD30 Million for New AI Venture

Jailbird Entrepreneur Wang Xin Bags USD30 Million for New AI Venture

Sep 6, 2018
Liao Shumin
China Fintech Investment Soars to USD15.1 Billion on Ant Financial Fundraiser

China Fintech Investment Soars to USD15.1 Billion on Ant Financial Fundraiser

A record-breaking funding round by Ant Financial Services Group pushed investment in China’s fintech sector to a new high of…

Aug 17, 2018
Liu Jing & Liao Shumin
Podcaster Ximalaya FM Denies USD581 Million Funding From Tencent, Goldman Sachs

Podcaster Ximalaya FM Denies USD581 Million Funding From Tencent, Goldman Sachs

Chinese audio sharing platform Ximalaya FM has rebutted claims that it has secured a funding worth CNY4 billion (USD581 million).

Aug 13, 2018
Liao Shumin
China's Yunnan to Raise USD1.5 Mln for Two Undergraduate Schools by Issuing Bonds

China's Yunnan to Raise USD1.5 Mln for Two Undergraduate Schools by Issuing Bonds

China's Yunnan to Raise USD1.5 Mln for Two Undergraduate Schools by Issuing Bonds. China's southwestern province of Yunnan will issue…

Aug 7, 2018
Liu Jing & Liao Shumin
Tencent-Backed Q&A Platform Hits USD2.5 Billion Valuation

Tencent-Backed Q&A Platform Hits USD2.5 Billion Valuation

Zhihu, the online question-answering community backed by Tencent Holdings, has raised USD300 million in funding, valuing the platform at around USD2.5 billion, online news outlet 36Kr reported.

Jul 19, 2018
Liao Shumin
JD.Com Invests in Second-Hand Phone Trader Aihuishou; Total Funding USD150 Mln

JD.Com Invests in Second-Hand Phone Trader Aihuishou; Total Funding USD150 Mln

JD.Com Invests in Second-Hand Phone Trader Aihuishou; Total Funding USD150 Mln. China's Aihuishou, a second-hand electronics trading platform, has completed…

Jul 12, 2018
Xu Zuwei & Liao Shumin
PBOC Pledges to Fix Internet Finance Risks in One, Two Years

PBOC Pledges to Fix Internet Finance Risks in One, Two Years

The People’s Bank of China recently held a meeting on the next phase of its special rectification of internet finance…

Jul 10, 2018
Liao Shumin
Ant Financial Invests USD100 Million in Stock Market Social Network

Ant Financial Invests USD100 Million in Stock Market Social Network

Ant Financial Services Group, the world’s largest fintech company, has injected close to USD100 million in China’s Snowball Finance, a…

Jul 4, 2018
Liao Shumin
Shengda Forestry Industry Eyes Cross-border E-commerce With Investment in Quanzhimai

Shengda Forestry Industry Eyes Cross-border E-commerce With Investment in Quanzhimai

Sichuan Shengda Forestry Industry, a clean energy company, will invest in Hangzhou Quanzhimai E-commerce to build an integrated business-to-consumer, or…

Jun 19, 2018
Liao Shumin
Six-Month-Old Chinese Coffee Unicorn Guns For Starbucks

Six-Month-Old Chinese Coffee Unicorn Guns For Starbucks

A coffee chain startup that didn’t exist until the start of this year has just become China's latest unicorn after…

Jun 14, 2018
Liao Shumin
Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Chinese checkout-free convenience store operator Xingbianli has completed a new round of multi-million yuan financing despite reported cost-saving measures,…

Jun 11, 2018
Le Yan