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Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020
CAICT, 1/07/21
As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). 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
Used Car Trading Site Souche Secures USD 578 Mln Series F
36Kr.com, 9/03/18
The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Read More
Smartisan's Messaging App 'Bullet Messaging' Wins RMB 150 Mln Series A
Tencent Tech, 8/28/18
Beijing-based smartphone developer Chuizi Technology (Smartisan)'s messaging app, Zidan Duanxin (literally "Bullet Messaging"), operated by Kuairu Technology, has completed RMB 150 mln in first round funding within seven days of its launch, according to Smartisan CEO Luo Yonghao on his Weibo microblogging account. Read More
JD.com Invests RMB 100 Mln in PaaS Provider BoCloud
IDCquan, 6/26/18
Suzhou-based Bona Xundong Software, operator of cloud service brand BoCloud, recently completed nearly RMB 100 mln in Series B+ funding from JD Cloud, Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) cloud service platform for developers and merchants, and JD.com's online financing and retail investment platform JD Finance. Read More
Voice Recognition Firm Sibichi Completes RMB 500 Mln Series D
36Kr.com, 6/26/18
Suzhou-based voice recognition technology provider Sibichi Information Technology (AISpeech) recently announced completion of a new RMB 500 mln round of funding led by Suzhou-based Oriza Holdings and China Minsheng Investment with participation by Shenzhen Capital Group, Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), and Taiwanese chipmaker MediaTek (MTK). Read More
Distributed Computing Platform Developer BeagleData Lands RMB 100 Mln Series D
The Beijing News, 6/13/18
Beijing-based distributed computing platform developer Tianyun Rongchuang Data Technology (BeagleData) recently announced the completion of RMB 100 mln in new funding in H1 2018, jointly led by Ally Capital and Meridian Capital. Read More
Alibaba Leads USD 300 Mln Round in Overseas Travel and Shopping SNS App 'Little Red Book'
The Beijing News, 5/31/18
Xingyin Information Technology, operator of overseas travel and shopping SNS app Xiaohongshu.com (Little Red Book), recently made an internal announcement that the company has completed USD 300 mln in new funding led by Chinese internet conglomerate Alibaba Group (NYSE: BABA) with participation by GSR Ventures, Tencent Investment, Granite Global Ventures, Genesis Capital (Yuansheng Capital), Tiantu Capital, ZhenFund, and K11 Art Foundation founder Adrian Cheng, according to a source at the company speaking with online media outlet The Beijing News. Read More
Online Housing Rental Service Baletu Secures RMB 300 Mln Series C
36Kr.com, 5/10/18
Shanghai-based Wanjian Information Technology, operator of online and mobile housing rental services platform Baletu.com, has announced the completion of RMB 300 mln in new funding led by Tiantu Capital, with participation by Series B lead investor DCM Ventures and other previous investors. Read More
Electric Car Maker CHJ Automotive Wins RMB 3 Bln Series B
36Kr.com, 3/22/18
Beijing-based automobile startup CHJ Information Technology (CHJ Automotive) has announced the recent completion of RMB 3.0 bln in Series B funding from Matrix Partners China and a new energy fund in Shougang Fund's portfolio. Read More
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