Yunfeng Capital, co-founded by Alibaba’s founder Jack Ma, has raised US$2.5 billion for its new fund, according to a security filing dated August 3 with the U.S. Securities and Exchange Commission. (more…)
Jack Ma-Backed Yunfeng Capital C…
Chinese News App’s Parent Bytedance Rumored To Raise $3 Billion
Beijing Bytedance Technology Co. has reportedly kicked off an equity-fundraising round that could value the owner of China’s most popular news-aggregation app at as much as US$75 billion.
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Chinese News App’s Parent Bytedance Rumore…
Sinovation Ventures Leads $15M In Chinese AI Start-Up Ahi Fintech
Chinese venture capital firm Sinovation Ventures has led a RMB100 million (US$15 million) series A round in artificial intelligence-powered fintech start-up Ahi Fintech. (more…)
Sinovation Ventures Leads $15M In Chinese AI Start-Up Ahi Fintech …
Chinese P2P Lending Platform Dianrong Raises $40M From DFIIG
Shanghai-based peer-to-peer lending platform Dianrong, which raised over half a billion U.S. dollars previously during more exuberant times, has just received a US$40 million investment from Dalian Finance Industry Investment Group (DFIIG), according t…
China’s Ping An Bank Sets Up Subsidiary To Manage Debt-To-Equity Swaps
China’s Ping An Bank Co., Ltd. announced that it will set up a subsidiary targeting to raise RMB10 billion (US$1.46 billion) before 2020 to focus on debt-to-equity swap deals, according to a security filing. (more…)
China’s Ping An …
Could Xiaomi’s Lei Jun Follow Elon Musk In Building Rockets?
When will a Chinese tech titan make the leap to spaceships? I have often wondered why American tech luminaries like Elon Musk and Jeff Bezos have their eyes on the stars, while their Chinese counterparts like to keep their feet on the ground. (more&hel…
Three Major Chinese Financial Institutions Found To Provide Illegal Loans
China’s National Audit Office has found three major financial institutions illegally provided loans to unqualified industries and local governments, failing to put in place proper risk management and controls, according to its official website. (more&…
Legend Capital Co-Leads $154M Round In Chinese Music Entertainment Firm Taihe Music
Legend Capital, a Beijing-based asset management firm, Zhongtai Chuanghui and Suzhou-based Guochuang Kaiyuan fund, have led a RMB1 billion (US$154 million) founding round in Taihe Music Group (TMG). (more…)
Legend Capital Co-Leads $154M Round I…
Chinese Foreign Direct Investment In US Drops 92% In First Half
Chinese companies only completed US$1.8 billion of acquisitions and greenfield investments in the United States in the first five months this year, representing a 92% drop from the same period in 2017, and the lowest half-year figure in seven years, ac…
CEC Capital’s Ran Wang: Valuation Of Chinese Start-Ups To Drop 30% To 50% In Six Months
In the next six months, the valuation of Chinese start-ups may drop on average 30%, or even 50% for some previously highly valued companies, because of a tightening of capital supply, said Ran Wang, chief executive officer of Chinese investment advisor…