Betta Pharmaceuticals Co., Ltd., backed by Sequoia Capital China and other investors, has completed an initial public offering on the Shenzhen Stock Exchange's NASDAQ-style ChiNext Board, raising RMB720 million (US$106 million). The pharmaceutical company issued shares at RMB17.57 apiece, at a 22.99 price-to-earning ratio. The company's shares jumped 44% before their trading was halted after […]
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During the past two weeks, Chinese Internet and technology company LeEco has been hit with multiple negative news. It was late in paying its smartphone suppliers and a construction contractor tasked to build its smart vehicle factory in Nevada. It has also incurred massive delays in smartphone shipment. As a result, the company's stocks plummeted […]
After two Chinese bike sharing start-ups Ofo and Mobike raised a combined US$230 million in October, a third bike sharing company is joining the battleground. An investment unit of Shenzhen-listed chemicals and trading company Jiangsu Huaxicun Co., Ltd. has led a RMB150 million (US$22 million) series A funding round in Ubike, a new comer to […]
Worries for technology companies in China have been compounded with the enactment today of China's new Cybersecurity Law. Chinese media …
Alibaba Group Holding Ltd. has led a US$18 million financing round in Israeli augmented reality (AR) company Infinity AR, taking a 22% stake in the company. Alibaba injected US$15 million, while the remaining came from existing investor Japan's Sun Corporation. Infinity AR's founder Moshe Hogeg and his Singulariteam Fund retain a minority stake of the […]