Techmeme

Results 1 - 10 of about 59:

Lulu Yilun Chen / Bloomberg:
Sources: SoftBank's Vision Fund plans to lead an investment of $3B-$5B in Alibaba's food delivery service Ele.me   —  - 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
Bloomberg:
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
Bloomberg:
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
Lulu Yilun Chen / Bloomberg:
China's Ant Financial raises $14B in latest funding round, including a US dollar tranche backed by Singapore's sovereign wealth fund GIC, Warburg Pincus, others   —  - Ant has been said valued at $150 billion in latest round  — Funding includes U.S. dollar, yuan denominated tranches
Jun 7, 2018, 11:10 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba leads a $1.38B investment in Chinese delivery service ZTO Express for 10% stake, helping boost Alibaba's ability to ship items globally   —  - The investor group will get 10% of the Chinese delivery giant  — Alibaba's Cainiao and ZTO will then collaborate on logistics
May 29, 2018, 12:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Analysis of Alibaba's earnings report shows the company's financial affiliate Ant Financial posted ~$1.4B in pretax profit in the year ended March, up 65% YoY   —  - Jack Ma's Ant is said to seek private funding of $10 billion  — Ant Financial posted full year profit of 9.18 billion yuan
May 6, 2018, 5:00 AMIn context
Bloomberg:
Chinese student activist's letter about faculty intimidation was attached to an ether transaction and posted to the blockchain to evade #MeToo movement censors   —  Rare student movement seeks to avert government curbs  —  Blockchain was used as an anti-censorship tool in the petition
Apr 24, 2018, 9:00 PMIn context

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