New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. says its O2O (online-to-offline) subsidiary 58 Daojia Inc. has reached agreement with investors to received US$300 million series A funding from Alibaba Group Holding Limited, KKR, and Ping An Group. In an announcement, 58.com says it will maintain majority ownership of 58 Daojia. The round values […]

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New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. says its O2O (online-to-offline) subsidiary 58 Daojia Inc. has reached agreement with investors to received US$300 million series A funding from Alibaba Group Holding Limited, KKR, and Ping An Group. In an announcement, 58.com says it will maintain majority ownership of 58 Daojia. The round values […]

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.

Beijing-based Chinese online grocery store Womai.com, backed state-owned food conglomerate COFCO, has raised US$200 million series C financing led by Taikang Life Insurance Company Limited and Baidu Inc., according to Chinese media reports. Representatives at COFCO did not immediately respond to an inquiry to confirm the news. Taikang Life Insurance and Baidu are investing as […]

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Rong360.com, a Beijing-based financial products search and recommendation engine, has completed an undisclosed series D round of financing from undisclosed investors, according to Chinese media reports. Representatives at Rong360.com did not immediately respond to an inquiry to confirm the news. Founded in 2011 by former PayPal China general manager Ye Daqing, Rong360.com received US$7 million […]

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Hangzhou-based smart electric bicycle start-up YunMake Technology Co., Ltd. has completed tens of millions RMB (US$1 million equals 6.35 million RMB) series A round of financing led by Shunwei Capital. Hon Hai Precision Industry Co., Ltd., Qualcomm Inc., as well as Chinese venture firms Zhen Fund, Rice Bank and Yinxinggu Capital also participated, according to […]

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