Results 1 - 10 of 32:

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
Nina Xiang / China Money Network:
Chinese anime-streaming platform Bilibili files for $400M US IPO, says its revenue increased from $80.4M in 2016 to $379.4M in 2017, and it had 72M MAUs in Q4   —  Chinese online anime-streaming platform Bilibili Inc. has filed a F-1 form to raise as much as US$400 million via a listing …
Mar 2, 2018, 9:25 PMIn context
Yimian Wu / China Money Network:
Bytedance, operator of Chinese news app Toutiao, sues Baidu for unfair competition, claims Baidu deliberately places negative news about Toutiao in top results   —  Beijing Bytedance Telecommunications Co., Ltd., the operator of personalized news app Toutiao, has sued China's largest search engine Baidu Inc …
Jan 31, 2018, 7:45 AMIn context
Yimian Wu / China Money Network:
Chinese on-demand electric vehicle sharing company Caocao Zhuanche raises $156M Series A from undisclosed investors at a $1.6B+ valuation   —  Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) …
Jan 17, 2018, 3:50 PMIn context
Pan Yue / China Money Network:
Didi Chuxing to fully acquire third-party payment firm 19Pay for $45M in a bid to expand into financial services   —  China's largest ride hailing firm Didi Chuxing, which ranks as the second most valuable company on China Money Network's China Unicorn Ranking, has agreed …
Dec 20, 2017, 11:50 PMIn context
Nina Xiang / China Money Network:
Baidu and China Life Insurance Co. launch a $2.12B investment fund to back companies in mobile internet, AI, fintech, and other advanced technology sectors   —  China's Baidu Inc has teamed up with China Life Insurance Co., Ltd. to jointly launch a RMB14 billion (US$2.12 billion) …
Dec 18, 2017, 9:00 AMIn context
Yimian Wu / China Money Network:
Chinese AI chipmaker ThinkForce raises $68M Series A from Sequoia Capital China, Jack Ma-backed Yunfeng Capital, and others   —  Chinese artificial intelligence chip maker ThinkForce has raised RMB450 million (US$68 million) in series A round from Sequoia Capital China, Hillhouse Capital …
Dec 15, 2017, 1:40 PMIn context
Pan Yue / China Money Network:
Honda signs five-year R&D contract with Chinese AI startup SenseTime to develop AI tech for driverless cars   —  Chinese artificial intelligence start-up SenseTime has signed a long-term development agreement with Japanese car manufacturer Honda to build smart artificial intelligent cars with autonomous driving.
Dec 7, 2017, 8:20 PMIn context
Yimian Wu / China Money Network:
China's top on-demand trucking apps Huochebang and Yunmanman, both valued at $1B, have agreed to merge   —  After years of explosive growth, China's vast sharing economy is entering consolidation mode.  The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang …
Nov 28, 2017, 9:00 AMIn context
Yimian Wu / China Money Network:
Nvidia-Backed Chinese Autonomous Truck Technology Firm TuSimple Raises $55M In Series C Round   —  Chinese autonomous truck driving technology firm TuSimple, backed by American semiconductor company Nvidia Corp., has raised US$55 million in a series C round led by Fuhe Capital and participated …
Nov 21, 2017, 11:25 PMIn context

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