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Taiwan VR Real Estate Company iStaging Seals $5M To Fuel International Expansion

Taiwan-based virtual and augmented reality company iStaging has sealed a $5 million USD pre-A funding round led by WI Harper with participation from Taya Venture Capital, one of a consortium of venture capital firms working with the Taiwan National Development Fund. The company is a promising addition to a number of startups that cater to real estate agents and furniture makers […]

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Ex-Baidu Founder Shakes Hands With Tencent In $85M USD Renrenche Funding Boost

Used-car sales platform Renrenche has scooped $85 million USD in Series C funding from Tencent. The company, which was founded by a series of ex-Baidu employees, now has a valuation of $ 500 Million USD.  Founded in April 2014, the company received $5 million USD series A funding from Redpoint Ventures and launched its services in July in Beijing, Guangzhou and […]

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Real Estate Platform Fangdd Announces Funding As China Eases Real Estate Bans

Fangdd, a popular Chinese real-estate platform announced they had closed a series C funding of $223 million USD led by Fountainvest Partners this July. The company announced series B funding of $80 million USD just two months ago from Vision Knight Capital China Fund, Lightspeed China Partners, and CDH Venture Partners. The Chinese government has recently eased restrictions on owning multiple […]

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Car Maintenance B2C Platform Tuhu Completes $100M USD Series C Funding

Shanghai-based Lantu Information Technology, operator of car maintenance B2C platform Tuhu, has raked in nearly $100 USD in series C funding from Joy Capital, Welkin, Far East Horizon and Haitong. Existing investors, Legend Capital and Qiming Venture Partners, also participated. The investment is earmarked for team, technology and offline expansion in a bid to maintain sustainable […]

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Momo Stock Surges 20% As Alibaba Vice Chairman Joins Board

Momo Inc., one of China’s most popular social networks, saw its stock leap almost 20 percent following an announcement that Alibaba Holdings Group Ltd. vice chairman Joseph Tsai has joined the company’s board. Momo received a privatization bid in June 2015, just six months after their NASDAQ listing in December 2014. Tsai’s involvement suggests that Alibaba could […]