Xiaomi-backed Chinese smart home company Green Rice Technology has secured tens of millions of dollars in a series B+ round of financing, led by Private Equity firm Grand Flight Investment and Cathy Capital.
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Xiaomi-Backed Smart Home Dev…
Fintech News
Alibaba Taiwan Entrepreneurs Fund Leads $7M Round To Vacation Rental Portal AsiaYo
AsiaYo, a Taiwanese room rental platform for vacationing, has received US$7 million in a series B round of funding, led by Alibaba Taiwan Entrepreneurs Fund and China Development Financial.
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Alibaba Taiwan Entrepreneurs Fund Leads $7M Ro…
Legend Holdings To Spin Off Zhengqi Financial For Listing In Hong Kong
Legend Holdings Corporation is planning to spin off its financial services subsidiary Zhengqi Financial Holdings Corporation to list on Hong Kong Stock Exchange, according to a recent announcement.
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Legend Holdings To Spin Off Zhengqi F…
China Unveils Punishments For IP Theft Amid Trade War Truce With Washington
China unveiled a series of sweeping punishments yesterday that could restrict companies’ access to borrowing and state-funding support due to serious intellectual property (IP) violations, as Washington calls for China’s action on the issue…
TD Ameritrade Becomes First US Brokerage To Launch Mini Program On WeChat
American online brokerage TD Ameritrade is teaming up with China’s internet giant Tencent to launch a mini program on the company’s messaging app WeChat, becoming the first U.S. brokerage firm to tap WeChat’s over one billion monthly …
China Minsheng Financial Plans To Raises A $1B Blank Cheque Fund
China Minsheng Financial Holding Corporation plans to raise a US$1 billion fund by setting up a shell company for initial public offerings on stock exchanges in New York and London, according to a report by the Financial Times quoting the group’s chief…
Sequoia-Backed PlusAI Receives China’s First Autonomous Large Vehicle Test Licenses
China’s Jiangsu province has granted the first batch of road test licenses for intelligent large scale commercial vehicles, such as vans and buses.
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Sequoia-Backed PlusAI Receives China’s First Autonomous Large Vehicle Test Licenses appe…
Ant Financial Leads $102M Round In China’s Transport Info Service Provider TransWiseway
TransWiseway, a Chinese firm that develops transportation information service systems and applications for traffic monitoring projects, has secured a RMB700 million (US$102.16 million) series A round of financing led by Alibaba Group’s fintech af…
Nine Chinese Banks Swap Debts Of Troubled Yingkou Part Group To Equities
A week after China’s National Development and Reform Commission issued a notice to encourage financial institutions to expand their debt-to-equity swap efforts, state-owned port operator Yingkou Part Group announced that its creditors have comple…
China’s Search Engine Firm Sogou Invests In AI Virtual Doctor Platform MyAIdoctor
MyAIdoctor, an artificial intelligence (AI) powered virtual doctor platform, has secured series A round of financing from China’s search engine operator Sogou.
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China’s Search Engine Firm Sogou Invests In AI Virtual Doctor P…