Global Risk Exchange, a blockchain-based, decentralized and open global risk exchange market, said it had secured investment from the Huobi Global Ecosystem Fund. (more…)
Huobi Global Ecosystem Fund Leads New round in Global Risk Exchange appea…
500 Startups’ Bonnie Cheung: More Blockchain Projects Should Focus On Solving Inter-Chain Operability And Privacy Issues
Bonnie Cheung, a venture partner at 500 Startups, has read hundreds of blockchain whitepapers to screen for a select few that the early-stage investment firm and seed accelerator chooses to back. As things tend to progress with hyper speed in blockchai…
Despite Slump, Chinese Crypto Investors Believe “Thousands” New Token Funds Will Bring Another Bull Market
Despite the current market slumps, Chinese cryptocurrency practitioners still believe a bull market is in store because of the growing size of capital that is readying themselves to enter into the space. (more…)
Despite Slump, Chinese Crypto In…
Alibaba, SoftBank Invest $222M In Indian E-commerce Platform Paytm Mall
China’s largest retailer Alibaba Group Holding has joined SoftBank to invest 15 billion India rupee (US$222 million) in Indian e-commerce platform Paytm Mall, as part of the 30 billion India rupee funding commitment initially announced in April, …
Haide Industry Raising $858M To Expand Non-performing Asset Business
Shenzhen-listed company Hainan Haide Industry Co., Ltd. has announced plans to raise up to RMB5.5 billion (US$858 million) from not more than 10 investors to boost its asset management subsidiary, according to its security filing.
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Haide…
Didi-backed Grab Receives $1B Investment From Toyota
Japanese automaker Toyota Motor Corporation has announced a US$1 billion investment in Grab Holdings Inc., a Singapore-based ride hailing company backed by China’s largest ride hailing firm Didi Chuxing. (more…)
Didi-backed Grab Receives $…
ICBC International, SPDB International Invest $200M Series C+ Round In Chinese AI Firm Yitu Technology
ICBC International Holdings Ltd, SPDB International and Gaocheng Capital have invested in a US$200 million series C+ round in Yitu Technology, a Shanghai-based artificial intelligence start-up specialized in the field of machine vision, big data and ad…
WuXi AppTec Leads Strategic Funding In US Healthcare AI Firm Insilico Medicine
Shanghai-based pharmaceutical and medical device firm WuXi AppTec has led a strategic funding round in Insilico Medicine, a Baltimore-based artificial intelligence company specializing in the application of deep learning for target identification, drug…
Ant Financial Makes Strategic Investment In Chinese Checkout-Free Store Xingbianli
Alibaba’s fintech affiliate Ant Financial has made a strategic investment in Xingbianli, a checkout-free convenience store operator that focuses on placing snack bars in offices. The size of the investment in Sequoia-backed Xingbianli was not di…
Chinese Bitcoin Mining Firm Bitmain Leads $110M Round In Goldman-Backed FinTech Firm Circle
Circle Internet Financial Ltd., a Goldman Sachs-backed American FinTech start-up, completed a US$110 million series E funding round led by Chinese Bitcoin mining giant Bitmain Technologies Ltd. The round had the participation of IDG Capital Partners, t…