Singapore-based private equity investment firm Tembusu Partners announced on Thursday that it would launch several investment funds totaling at least RMB1 billion (US$149.26 million) in southwestern China’s Guizhou province — a future big d…
MSA Capital’s Ben Harburg Finds Niche Market AI Startups Still Attractive
After a couple of years of red-hot explosion, the Chinese artificial intelligence sector is returning to rationality and reason in 2019. For Chinese early-stage venture capital firm MSA Capital, it means steering away from mainstream AI companies and t…
Chinese Visual-Based Robots Developer ForwardX Raises Nearly $15M Series B Round
ForwardX Robotics, a Chinese visual-based autonomous mobile robots (AMR) producer, has raised RMB100 million (US$14.95 million) in a series B round of financing led by Chinese investment firm Hupan Licheng Fund, said ForwardX in a statement released on…
Wealth Management Solutions Provider MX Federation Raises Series C1 Round
MX Federation, a New York and Beijing-based wealth management solutions provider, today announced that it has raised tens of millions of U.S. dollars in a series C1 round of financing led by BitRock Capital, an investment vehicle backed by Singaporean …
Xiaomi-Backed Tiger Brokers Raises $104M In US IPO Eyeing Chinese Young Investors
Up Fintech Holding Limited, the parent company of Chinese online brokerage Tiger Brokers, has raised US$104 million in a downsized initial public offering (IPO) on the Nasdaq stock exchange on Wednesday, following its homegrown counterpart Futu Holding…
Shunwei Capital Joins Series A Round In Crypto Intelligence Platform CoinNess
CoinNess, a blockchain information platform in Asia, has raised a series A round of financing from Chinese investment companies ShunWei Capital, QF Capital, and FreesFund, according to a company announcement released on Monday.
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Shunwei …
Chinese Tuition Payment Platform Easy Transfer Raises Nearly $15M Series B Round
Chinese student financial services platform Easy Transfer announced on Tuesday that it has raised nearly RMB100 million (US$14.88 million) in a series B round of financing led by Chinese investment firm ChinaEquity Investment.
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Chinese T…
Ping An Makes Strategic Investment In Smart Healthcare Firm Lenovo HIT
Lenovo HIT, a cloud-based smart medical solution subsidiary of Lenovo Capital and Incubator Group (LCIG), has received several hundred millions of yuan in a strategic investment round from Chinese insurance behemoth Ping An Insurance, according to a st…
Alibaba-Backed Chinese Car Service Provider Acquires Automaker Borgward In $610M Deal
Chinese car service provider UCAR Inc. announced on late Monday that it would pay RMB 4.10 billion (US$610.63 million) for a majority stake in the country’s car manufacturer Beijing Borgward Automobile Co.
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Alibaba-Backed Chinese C…
Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO
Chinese online broker Futu Holdings Limited is well-positioned to enter the American market and compete against industry leaders like Robinhood in the face of global economic uncertainties.
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Tencent-Backed Online Broker Futu Targets US …