Chinese online healthcare services provider Miaoshou Doctor has completed a series C3 round of financing, which valued the company at over RMB7 billion (US$1.01 billion) and made it become the latest unicorn in the internet plus healthcare space, Miaos…
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Nina Xiang, Author Of Red AI, Dispels Myth And Hyperbole Surrounding China’s Artificial Intelligence
Nina Xiang, author of newly released book Red AI: Victories and Warnings From China’s Rise In Artificial Intelligence, is passionate about investigative reporting, storytelling, and going against the conventional wisdom.
In this definitive book o…
Chinese Online B2B Steel Transaction Platform Ouyeel Nets $292M In Equity Financing
Ouyeel, an online business-to-business (B2B) steel transaction platform owned by Chinese national iron and steel production firm China Baowu Steel Group, announced on Thursday that it has raised about RMB2.02 billion (US$293.65 million) in a new round …
Warburg Pincus Closes Second China-Southeast Asia PE Fund at Over $4.25B
Global private equity firm Warburg Pincus announced on Wednesday that the company has reached the final closing for a new fund, “Warburg Pincus China-SEA II,” at over US$4.25 billion in capital commitments for investment opportunities in the burgeoning…
Chinese VC Firm XVC Venture Capital Seeks To Raise $265M For Second Fund
Chinese venture capital firm XVC Venture Capital is seeking to raise US$265 million for its second venture capital fund, “XVC Fund II,” according to the company’s regulatory filing on Monday.
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Chinese VC Firm XVC Venture Capital Se…
Chinese Online Insurance Products Provider Raises Angel Round For New Businesses
Chinese online insurance products provider Wukongbao has raised tens of millions of U.S. dollars in an angel round of financing to develop two newly-launched businesses, according to a statement released on Friday.
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Chinese Online Insura…
Former Baidu Executive-Led Crystal Stream Nets Hundred Millions Yuan For RMB Fund
Crystal Stream, a Chinese venture capital firm that specializes in technology, media and telecommunication (TMT) investments, announced on Friday that it has reached the final closing of a new RMB-denominated fund with financial support from both insti…
Chinese Online P2P Lender Dianrong Gets Fresh Funds To Weather Regulatory Pressure
Dianrong, one of the Chinese largest peer-to-peer (P2P) lenders, announced on Thursday that it has completed a new funding round led by Standard Chartered Private Equity (SCPE), the Asian investment arm of Standard Chartered, after Dianrong started lay…
Chinese Cloud-Based Data Analysis Services Provider Reyun Closes $14M Series B+ Round
Chinese data monitoring and analysis services provider Reyun Data has raised over RMB100 million (US$14.48 million) in a series B+ round of financing led by an investment subsidiary of Chinese international conglomerate Fosun Group, according to a stat…
Tencent Leads $160M New Round In Chinese Online Industrial MRO Supplies Platform
Chinese internet giant Tencent announced on Tuesday that it has led a US$160 million series D round in Zhenkunhang, a Shanghai-based online business to business (B2B) trading and procurement services platform, which took the total capital raised by the…