Chinese insurance behemoth Ping An Insurance announced on Friday that it would pick up shares in iTutorGroup by investing capital and resources in the Taipei-based online education services provider through its overseas subsidiaries.
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Ch…
Fintech News
China’s Fosun, JD.com Back SEA’s Parenting Community Platform In Series C Round
A group of investors including Chinese conglomerate Fosun and technology giant JD.com have poured money into a series C round of financing of Southeast Asian parenting community platform theAsianparent, backing the company in its business expansion int…
Tencent Backs India’s NiYO In $35M Series B Round Eyeing Blue-Collared Customers
Indian digital banking start-up NiYO Solutions announced on Tuesday that it has closed US$35 million in a series B round of financing from investors including Tencent and Horizons Ventures, a Hong Kong-based venture capital firm founded by billionaire …
Chinese Insurtech Start-Up Leapstack Gets $14M Amid Tightening Govt Supervision
Leapstack, a Chinese insurtech start-up focusing on the healthcare industry, announced on Monday that it has raised nearly RMB100 million (US$14.52 million) in a series B round of financing led by private equity firm Lingfeng Capital, with the particip…
Chinese Digital Services Provider Segi Closes Over $14M In Series B+ Round
Chinese digital services provider Shenzhen Segi Information Technology announced on Monday that it has raised over RMB100 million (US$14.51 million) in a series B+ round of financing from a group of investment companies including GeniLink Capital, Jun …
Xiaomi-Backed Chinese Fintech Start-Up Fumi Technology Gets $36M Fresh Funds
Fumi Technology, a fintech start-up incubated by Chinese mobile phone behemoth Xiaomi, announced last Friday that it has raised RMB250 million (US$36.27 million) in a strategic investment from Gopher Asset, a venture capital arm of Chinese wealth manag…
Chinese PE Firm Centurium Capital Closes Debut USD Fund At Over $2B
Centurium Capital, a private equity firm co-founded by former Warburg Pincus China head, announced last week that it has closed the debut USD-denominated fund, Centurium Capital Partners 2018, at over US$2 billion, giving the company more capital to ba…
SIG Leads $29M Series C1 Round In Chinese HR Management Services Provider
Chinese human resources management services provider eRoad Software announced on Monday that it has raised RMB200 million (US$29.01 million) in a series C1 round of financing led by global trading and technology firm Susquehanna International Group (SI…
Matrix Partners-Backed Chinese Commercial Rocket Start-Up iSpace Closes New Round
Chinese private rocket start-up iSpace has completed a series A++ round of financing from two Chinese investment companies including Beijing-based asset management firm WRK, according to a statement released on Wednesday.
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Chinese Risk Control-Focused Fintech Start-Up Tongdun Technology Nets Fresh Funds
Tongdun Technology, a Chinese fintech start-up specializing in risk control services, announced on Sunday that it has raised tens of millions of U.S. dollars in a new funding round.
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Chinese Risk Control-Focused Fintech Start-Up Tongdun …