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Yimian Wu / China Money Network:
Shenzhen-based motion sensing firm Orbbec raises $200M Series D led by Alibaba Group's financial affiliate Ant Financial   —  Alibaba Group's financial affiliate Ant Financial has led a D round of more than US$200 million in Shenzhen-based motion sensing firm Orbbec.
May 21, 2018, 1:25 PMIn context
Yimian Wu / China Money Network:
CowaRobot, Chinese startup that makes robots for street cleaning and logistics and also created a smart suitcase that can follow the owner, raises $21M Series B   —  SoftBank China Venture Capital and China Creation Ventures, a Beijing-based venture firm focused on TMT investments in China …
May 21, 2018, 2:00 AMIn context
Yimian Wu / China Money Network:
Unisound, a Beijing-based voice recognition, language processing, and big data startup, raises $100M Series C as it is about to release its own AI chip   —  Chinese artificial intelligence (AI) solution provider Unisound announced that it has raised a US$100 million series C round led …
May 13, 2018, 6:50 PMIn context
Keyan Lu / China Money Network:
Chinese online education platform Knowbox raises $100M Series C led by Yunfeng Capital   —  China's K-12 online education platform Knowbox has raised US$100 million in a series C round led by Yunfeng Capital, the latest in a string of investments in China's online education market.
Apr 27, 2018, 4:03 PMIn context
Jason Booth / China Money Network:
Baidu plans to dispose of majority stake in financial service biz that operates Baidu Wallet as Q1 revenues grow 31% YoY to $3.3B, profits up 128% YoY to $728M   —  China's tech giant Baidu Inc. (NASDAQ: BIDU) is planning to dispose of a majority equity stake in financial service business …
Apr 26, 2018, 6:15 PMIn context
Yimian Wu / China Money Network:
Alibaba invests $717.2M in e-commerce platform Huitongda, which serves rural Chinese consumers, as Alibaba seeks to expand sales outside major cities   —  China's e-commerce giant Alibaba Group Holding will invest RMB4.5 billion (US$717.2 million) in Huitongda Network Co. …
Apr 19, 2018, 12:15 PMIn context
Li Dongmei / China Money Network:
Chinese online game streaming platform Huya files for $200M IPO on NYSE; at the end of 2017, Huya said it had 38.8M+ mobile MAUs, up 47.6% YoY   —  Chinese game live-streaming platform Huya Inc. has filed for a US$200 million initial public offering of American Depository Shares (ADS) …
Apr 11, 2018, 4:45 AMIn context
Li Dongmei / China Money Network:
Alibaba to buy all remaining outstanding shares of Chinese food delivery service Ele.me at a $9.5B valuation   —  Chinese tech giant Alibaba Group has announced that it will acquire all outstanding shares that it does not already own in online food delivery company Ele.me, in a deal valuing the target company at US$9.5 billion.
Apr 2, 2018, 2:20 AMIn context
Yimian Wu / China Money Network:
Alibaba's mapping unit AutoNavi launches carpooling business, starting in Chengdu and Wuhan; Meituan Dianping launched its ridesharing service in February   —  Alibaba's mapping unit, AutoNavi Holdings Ltd. also known as Gaode Map, has launched its own carpooling business …
Mar 31, 2018, 6:05 AMIn context
Yimian Wu / China Money Network:
Chinese bike-sharing company Ofo announces $866M in equity and debt financing in a funding round led by Alibaba   —  China's bike-sharing firm ofo announced that it has raised US$866 million in equity and debt capital in a funding round led by Alibaba Group Holding Ltd. The deal increases Alibaba's control …
Mar 13, 2018, 12:10 AMIn context

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