Qualcomm Ventures has led a RMB80 million (US$12 million) series A round of financing in Bell Education Group, an education O2O (online-to-offline) start-up focused on children between 3 to 13 year old. Dark Horse Ventures and angel investor Yang Xiangyang also participated in the round. "Bell Education combines offline education franchise with online study via […]
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Tiantu Capital and Shanghai-listed Chinese investment and trading firm Xinhu Zhongbao Co., Ltd. have led a US$310 million series C round of financing in U51.com, a credit card and online financial services mobile app. An investment vehicle run by Kuaidi Dache co-founder Cheng Weixing, HG Capital and Shenzhen Qianhe Capital also participated in the round, […]
H&Q Asia Pacific has led a US$15 million series C financing round in Efficient Drivetrains, Inc., a high-efficiency hybrid and electric drivetrain solution provider. H&Q Asia Pacific injected US$7.85 million in new capital, in conjunction with Jiaxing Daxin Investment Partnership, as part of the investment round. The round is expected to be worth US$15 million […]
China's National Social Security Fund, China Reinsurance Corp and Korean private equity firm Lindeman Asia Investment have agreed to invest US$260 million in Chinese electronic component e-commerce platform Cogobuy Group, according to media reports. In return, the investors will hold a 10% stake in the Hong Kong-listed company. Th deal is the first investment made […]
Tencent Holdings Ltd. has made a strategic investment in AwCloud, a Beijing-based Software as a Service (SaaS) start-up. Financial details were not disclosed. The two parties established a strategic partnership in July. AwCloud plans to launch integrated services with Tencent's platforms after the completion of this investment. Founded in 2010, AwCloud focuses on providing OpenStack […]
The recent surge of property prices and sales in China has triggered bubble talk and concerns over one of the most important pillars of the Chinese economy, but UBS AG says there is unlikely to be a big bubble burst in the near future. Property sales grew by more than 25% nationwide in the first […]
Chinese Internet portal NetEase says that due to media business development needs, the company's online forums will stop providing services …