Results 1 - 10 of about 63:

Lulu Yilun Chen / Bloomberg:
Source: Meicai, an online marketplace in China for vegetables and more, has raised about $800M, led by Hillhouse Capital and Tiger Global, at a $7B valuation   —  - Tiger Global, Hillhouse are said to back veggie-app Meicai  — Veggie-selling app Meicai is said to raise new capital
Oct 9, 2018, 11:25 PMIn context
Profile of Bytedance, a China-based social news and video startup that may soon surpass Uber in valuation if rumored $1.5B SoftBank investment at $75B closes   —  - Bytedance's said to be valued at over $75 billion in new round  — SoftBank is said to plan an investment of about $1.5 billion
Sep 29, 2018, 1:20 PMIn context
Lulu Yilun Chen / Bloomberg:
Chinese on-demand services provider Meituan-Dianping closes up 5.3% on its first day of trading in Hong Kong after raising $4.2B in its IPO   —  - Tencent-backed app is burning cash to win market share  — Meituan IPO is H.K.'s biggest since Xiaomi's in July
Sep 20, 2018, 1:35 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Didi has failed to generate a profit in the six years since its founding, and has spent $1.7B on subsidies and discounts in H1 2018, losing about $585M   —  - The ride-hailing giant hasn't made a profit in six years  — Didi is said to have given out $1.7 billion in subsidies
Sep 7, 2018, 10:00 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: SoftBank's Vision Fund plans to lead an investment of $3B-$5B in Alibaba's food delivery service   —  - Masayoshi Son's fund is said to be heading up investor talks  — The round marks a much-needed boost in a costly subsidies war  —  SoftBank Group Corp.'s monster Vision Fund plans …
Aug 7, 2018, 7:40 AMIn context
Sources: SoftBank's Vision Fund is seeking to invest almost $1B in Chinese AI company SenseTime, which has raised more than $1.2B this year   —  - A deal would be SenseTime's third major funding in past year  — SenseTime uses artificial intelligence for facial recognition
Jul 20, 2018, 2:30 AMIn context
Lulu Yilun Chen / Bloomberg:
Profile of Chinese online healthcare platform WeDoctor, which has created powerful marketing tools for drug makers by leveraging unfettered access to user data   —  - WeDoctor leverages user data for marketing to drug makers  — Billion-dollar startup backed by Tencent, AIA, New World
Jul 5, 2018, 9:10 AMIn context
Lulu Yilun Chen / Bloomberg:
Chinese social commerce startup Pinduoduo files for $1B US IPO; Pinduoduo's revenues tripled to $278M in 2017 while losses grew 55% to $79.5M   —  - Pinduoduo was valued at $15 billion in previous funding round  — Tencent-backed Pinduoduo made $79.5 million loss in 2017
Jun 30, 2018, 10:50 AMIn context
Lulu Yilun Chen / Bloomberg:
Source: on-demand services provider Meituan Dianping files for an IPO in Hong Kong, reports ~$2.9B in losses on ~$5.2B revenue in 2017   —  Internet giant Meituan Dianping has filed for an initial public offering in Hong Kong, becoming the latest Chinese technology juggernaut to throw …
Jun 22, 2018, 12:05 PMIn context
Sources: Chinese on-demand services provider Meituan Dianping plans IPO in Hong Kong to raise ~$6B at a $60B valuation, listing as soon as this month   —  - Company is said to consider selling about 10% stake in IPO  — IPO would be another sign of rising Chinese technology might
Jun 12, 2018, 12:05 PMIn context

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