China's corporate venture capital firms participated in roughly US$2 billion across 29 deals during the first half of 2016, with the second quarter registering the slowest activity since 2014, according to data from CB Insights. There were 12 deals inked by Chinese corporate venture units with total deal value of US$282 million during the second […]
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Foxconn, also known as Hon Hai Precision Industry Co., Ltd., has invested US$20 million in Chinese image recognition start-up Megvii Technology, according to a disclosure filing. The investment is done via a subsidiaries, Foxteq Holdings, which bought 2.275 million Megvii shares, or a 3.286% stake. The share purchase is part of a bigger fundraising round […]
Baidu Capital, an investment vehicle established by the Chinese search engine last month, has named ex-Ctrip executive Wu Wenjie as its first managing partner, the unit said today. Baidu Capital is aiming to raise RMB20 billion (US$3 billion) to make mid- to late-stage investments in Internet companies in U.S. dollar and RMB, with Baidu chief […]
Chinese technology giants including NetEase, Tencent's Wechat, Huawei, Alibaba are gaining massive brand value, despite a slowing economy in the country, according to a new report released by Brand Finance. NetEase is China’s fastest growing brand as it doubled its brand value to US$3.6 billion in 2016. The company enjoyed massive success by developing popular […]
The author is Peter Fuhrman, chairman and founder of China First Capital Few technology entrepreneurs start one unicorn, a tech company with a market valuation of over US$1 billion. Elon Musk has started three. Xiaomi’s Lei Jun two. Bill Gross has started and exited from seven, and has another two in his active portfolio. Gross […]
Global industrial real estate and logistics giant Prologis has provided RMB100 million (US$15 million) financial credit to Chinese truck logistics start-up Fuyouhuoche, after joining a venture funding round in the truck company six month ago. The credit will be used to provide supply chain financial services to Fuyouhuoche's upstream and downstream logistics partners, the company […]