Intel Capital has invested US$67 million in eight Chinese technology companies in the smart devices, robotics, Internet of Things (IoT), cloud, big data and data analytics sectors. "These companies now have the opportunity to leverage Intel Capital’s business development programs, global network, technology expertise and brand capital to support their development," says Arvind Sodhani, president […]

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Shanghai-based Chinese electric vehicle maker NextEV has reportedly raised US$500 million from Sequoia Capital, Joy Capital and unnamed investors. Chinese media reports say the company plans to produce a more economical and environmentally friendly electric vehicle to rival Tesla in the U.S. China Money Network cannot verify the news and the financing deal value. Founded […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Shanghai-based Chinese electric vehicle maker NextEV has reportedly raised US$500 million from Sequoia Capital, Joy Capital and unnamed investors. Chinese media reports say the company plans to produce a more economical and environmentally friendly electric vehicle to rival Tesla in the U.S. China Money Network cannot verify the news and the financing deal value. Founded […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Frees Fund, a venture capital vehicle launched by former IDG Capital Partners executive Li Feng, has led a new round of financing in Chinese food e-commerce platform 3Songshu. According to Chinese media reports, the series D round is worth RMB300 million (US$47 million). In August, China Money Network reported that Li Feng had left IDG […]

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St. Paul, Minnesota-based medical diagnostic firm Ativa Medical has completed US$15 million series B funding round from Ping An Ventures, Hermed Capital and other investors. Laboratory Corporation of America Holdings, Chinese laboratory service firm Dian Diagnostics, a unit of Guangzhou Improve Medical, and Taiwanese healthcare fund Diamond BioFund also participated in the round, according to […]

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Warburg Pincus LLC and Legend Capital have joined a US$550 million series B funding round in Ucar Group, a mobile app-based chauffeured car service firm controlled by Chinese car rental firm Car Inc.'s founder and CEO, Charles Zhengyao Lu. In July, Hong Kong-listed Car Inc. revealed in a regulatory filing that Warburg Pincus LLC, itself, […]

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American cybersecurity whistleblower Edward Snowden told an audience in Hong Kong that mass surveillance does not keep people safe nor will increased surveillance ensure safety. Asian brokerage and investment group CLSA Limited hosted Edward Snowden yesterday at a conference in Hong Kong. Snowden spoke to the Hong Kong investors via a video feed from his […]

Venture-backed Didi Kuaidi has invested US$100 million in U.S. ride share company Lyft, as part of a wide-ranging strategic partnership between the two companies to expand their market share in the Chinese and U.S. ride share sector. The investment came after news reports earlier this week speculating new regulations that are likely to curb the […]

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