American social media network Reddit Inc. said on Monday that it has raised a US$300 million series D round of financing led by Chinese social media and gaming magnate Tencent, which took its market valuation to US$3 billion, Reddit confirmed the new r…
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Local AMC Buys $1.48B Non-Performing Loans From China Orient
Henan Asset Management Co., an asset management company in central China’s Henan province, has inked a deal with an affiliate of the country’s state-owned China Orient Asset Management Co. to purchase nearly RMB10 billion (US$1.48 billion) …
Global Investment Firm TPG Raises Over $4.6B For Seventh Asia-Focused PE Fund
Global private equity firm TPG Capital Management LP has reached the final close of its seventh Asia-focused private equity fund “TPG Capital Asia VII” with over US$4.6 billion in commitments, said TPG in a statement released on Monday.
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Xiaomi-Backed Electronic Toothbrush Maker Soocas Technology Raises $29M
Soocas Shenzhen Technology Co., a Chinese internet technology company specialized in personal electrical products for healthcare, has raised a RMB200 million (US$29.64 million) series C round of financing led by Shanghai-based private equity firm Visio…
Ant Financial Invests In Xiaomi-Backed Smart POS Maker Sunmi Technology
Xiaomi-backed Shanghai Sunmi Technology Co., an android point of sale (POS) developer, has completed a series C+ round of financing worth hundreds of millions of yuan from Ant Financial, Chinese media portal Lieyun reported today.
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Ant F…
British Energy Major BP Backs Chinese EV Charging Start-Up PowerShare
BP Ventures, the investment vehicle of the world’s oil and gas supermajor BP, has invested in the series A round of financing in Chinese electric vehicle (EV) charging start-up PowerShare, said BP in a statement released on its website on Thursda…
DCM Ventures Co-Invests In Chinese B2B Auto Parts Trading Platform Haoqipei
Chinese business to business (B2B) auto parts trading platform Haoqipei announced today that it has secured a US$60 million series C round of financing led by venture capitalist DCM Ventures and Hong Kong-based investor Jeneration Capital.
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China’s VC Firm Shenzhen Capital Group Launches First $524M M&A Fund
Chinese venture capital firm Shenzhen Capital Group Co. has launched its first merger and acquisition fund in late December 2018, aiming to raise a total of RMB3.6 billion (US$524.34 million), said Shenzhen Capital Group in a statement released on its …
Chinese Drug Developer Firm Connect Biopharmaceuticals Completes $55 Million Series B Round
Connect Biopharmaceuticals, a clinical-stage biotech medicine developer, has completed a US$55 million series B round of financing, led by private equity Advantech Capital, according to a company announcement released today.
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Chinese Dru…
Tencent Artificial Intelligence Lab Head Zhang Tong Resigns
Zhang Tong has resigned as the director of Tencent AI Lab after staying in the position less than two years.
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Tencent Artificial Intelligence Lab Head Zhang Tong Resigns appeared first on China Money Network.