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Online Long-term Housing Rental Service Uoko Lands RMB 1 Bln Series C
36Kr.com, 5/10/18
Sichuan-based Uoko Investment Management, operator of online housing rental platform Uoko.com, recently announced completion of Series C1 funding from Shenzhen Capital Group, Greentown Service Group (2869.HK), Shenzhen-based Galaxy Real Estate Development, Legend Capital, Matrix Partners China, and SIG Asia Investment. Read More
Rumor: Tencent Leads RMB 1 Bln Investment in Electric Vehicle Maker NIO
Tencent Tech, 11/08/17
Shanghai-based Weilai Automobile, operator of new energy vehicle brand NIO (formerly NextEV), has reportedly raised over USD 1 bln in new funding led by Chinese internet and mobile services firm Tencent (0700.HK). Read More
Qihoo 360 to Backdoor List in China at RMB 50 Bln Valuation
SJEC, 11/03/17
Chinese internet services and security software provider Qihoo 360 will complete a backdoor A-shares listing in China through Jiangnan-based SJEC Corporation (601313.SH), at a valuation of RMB 50.416 bln, according to a restructuring plan released recently by SJEC. Read More
Online Handset Recycling Platform 'Huishou Bao' Wins RMB 300 Mln Series B
36Kr.com, 10/09/17
Shenzhen-based handset recycling platform operator Huishou Bao Technology has completed RMB 300 mln in Series B funding led by Strait Capital at a valuation of over RMB 1.5 bln. Read More
Supply Chain Finance Service Linklogis Completes RMB 200 Mln Series B
Tencent Tech, 8/09/17
Shenzhen-based supply chain finance service provider Lianyirong Financial Service (Linklogis) has completed RMB 200 mln in Series B funding from Chinese internet and mobile services firm Tencent (0700.HK), China Merchants Innovation Investment Management, and Bertelsmann Asia Investments (BAI). Read More
Baidu, Xiaomi, Qihoo 360 Invest in Anti-Fraud Solutions Provider Nextdata
Lieyunwang, 3/02/17
Beijing-based anti-fraud solutions provider Shumei Times Technology (Nextdata) recently announced completion of USD 10 mln in Series A funding from Shunwei Capital Partners, Crystal Stream, internet company Baidu's (Nasdaq: BIDU) VC arm Baidu Ventures, and internet services and security software provider Qihoo 360. Read More
Leshi Internet Shareholder Disposes of RMB 640 Mln in Shares
China Securities Journal, 3/02/17
The Shenzhen Qianhao Free Trade Zone securities sales department of CITIC Securities (600030.SH) has facilitated the sale of 19.095 mln shares in Leshi Internet Information and Technology (300104.SZ) on behalf of one of the Chinese online video content and smart device firm's shareholders, revealed the Shenzhen Stock Exchange. Read More
Mobile Bike Sharing App Ofo Raises USD 450 Mln Series D
Sina Tech, 3/01/17
Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, said today that it has completed USD 450 mln Series D funding, equivalent to RMB 3.1 bln. Read More
CITIC Guoan to Invest USD 20 Mln in American VR Broadcaster NextVR
CITIC Guoan Group, 7/01/16
CITIC Guoan Information Industry (000839.SZ), a subsidiary of CITIC Guoan Group, recently announced that it will invest USD 20 mln in cash through its Shanghai-based subsidiary Muyun Information Technology Investment to subscribe for 3,947,031 Class B Preferred shares of US-based virtual reality live streaming company NextVR, which will give CITIC a 2.27% stake. Read More
China's FDA Forbids Merchants on Tmall Drugstore from Selling OTC Drugs
Yigoonet.com, 5/27/16
Tmall Drugstore, the third-party B2C medicine e-commerce platform operated by Alibaba Group's (NYSE: BABA) healthcare subsidiary Alibaba Health Information Technology (0241.HK), notified merchants on its platform today that they will no longer be allowed to sell over-the-counter (OTC) drugs anywhere in the country, according to a notice sent to Tmall Drugstore by the Hebei provincial branch of the China Food and Drug Administration (CFDA). Read More
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