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Online Corporate Training Service Provider Yunxuetang Completes Series C
PE Daily, 9/25/18
Jiangsu-based online corporate training service provider Yunxuetang Network Technology recently completed Series C funding led by Yunfeng Capital with participation from previous investor SIG China Investment. Read More
Tencent, Carlyle, Sequoia Lead USD 450 Mln Series E in O2O Car Maintenance Firm Tuhu
Tencent Tech, 9/15/18
Shanghai-based Lantu Information Technology, operator of online and mobile B2C car maintenance service and e-commerce platform Tuhu Yangche, recently announced the completion of approximately USD 450 mln in new funding jointly led by Chinese internet conglomerate Tencent (0700.HK), Carlyle Group, and Sequoia Capital. Read More
IDC Maintenance Robot Developer DCM360 Lands RMB 8-digit Pre-A
36Kr.com, 6/08/18
Beijing-based Internet data center maintenance robot developer Chaowei Shiji Technology (DCM360) recently announced completion of RMB 8-digit pre-Series A funding from Beijing-based Guyin Fund. Read More
WeChat-based Identity Card Pilots in Guangzhou, to Expand Nationwide in January
Southern Metropolitan News, 12/25/17
Chinese internet conglomerate Tencent (0700.HK), in concert with more than ten Chinese government and commercial organizations including the Guangzhou Public Security Bureau's Nansha district office and China Construction Bank, recently formed a new "Weijing Yun Lianmeng" ("WeChat-Police Cloud Alliance") in Guangzhou to develop a national WeChat-based identity card system called "Wang Zheng" (literally "Network ID"). Read More
Baowu Steel's E-commerce Platform Ouyeel Raises RMB 1 Bln Funding
Chinanews.com, 5/31/17
China Baowu Steel Group's subsidiary Ouye E-Commerce, operator of steel e-commerce platform Ouyeel, recently held a signing ceremony in Shanghai to mark its addition of new investors and an employee shareholding plan. Read More
Rumor: Today's Headlines Lands USD 1 Bln Series D
DoNews, 4/07/17
Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, has reportedly completed USD 1 bln in Series D funding from investors including Sequoia Capital and an investment firm managed by China Construction Bank (0939.HK; 601939.SH), according to sources familiar with the matter. Read More
Online Car Rental Platform 'China Car Experts' Wins RMB 2.15 Bln Funding
PE Daily, 12/27/16
Chinese car and bus service provider Shou Qi Group's subsidiary Shouqi Car Rental, operator of online and mobile car rental platform China Car Experts, has announced the completion of Series A+ and Series B funding for a total of RMB 2.15 bln. Read More
Alibaba's Finance Affiliate Raises USD 4.5 Bln Series B
Mydriver, 4/26/16
Zhejiang Ant Small & Micro Financial Services Group (Ant Financial), the financial services company affiliated with Alibaba Group (NYSE: BABA), has publicly announced its completion of USD 4.5 bln Series B funding with investment from China Investment Corporation, China Construction Bank Trust, China Life Insurance, China Post Group, CDB Capital, Primavera Capital Group and others. Read More
China UnionPay, 20 Banks Launch Virtual Payment Card 'Cloud QuickPass'
Tencent Tech, 12/14/15
Chinese banking network China UnionPay recently announced that it will ally with over 20 merchant banks to launch a virtual payment card called Cloud QuickPass. Read More
PBoC Plans 'Mobile Trusted Platform' Payment Service
China Business News, 2/11/14
According to an inside source, the People's Bank of China (PBoC) has authorized the trial use of its mobile trusted platform service (MTPS), approved at the end of 2013, offering mobile payment service integration to telecom operators from seven trusted service managers (TSM) including China Construction Bank, China CITIC Bank, China Everbright Bank, China UnionPay, and China Mobile (NYSE: CHL; 0941.HK). Read More
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