The vibrant Chinese tech and startup ecosystem is attracting huge attention from investors and institutions hoping to grab a place in the heated innovation competition. According to Crunchbase’s latest analysis, in the second quarter of 2018, Chinese startups raised 47% of all reported VC dollar volume whereas North American companies raised 35% of the whole pie. […]
Search results
Posted inPosts
Is There A Film Industry Bubble? China’s Top Tech-Backed Figures Weigh In
The speed with which the Chinese film industry has developed in recent years has been dizzyingly fast, even for the country’s most experienced veterans. “Less than a decade ago it was the filmmakers who went out looking for financing,” Alibaba Pictures CEO Zhang Qiang told a forum on finance and film at the Shanghai International […]
Posted inPosts
Jack Ma doubles down on Alisports with RMB 1.2 billion funding
Alisports (阿里体育 in Chinese), the sports arm of Chinese e-commerce giant Alibaba, has reportedly landed a series A worth more than RMB 1.2 billion, as part of its efforts to beef up its presence in the country’s burgeoning sports sector, local media is reporting (in Chinese). The funding round, led by Yunfeng Fund (Jack Ma’s VC […]
Posted inPosts
China’s Ticketing Site LY.com Lands Nearly $1B USD Funding Led By Wanda Group
LY.com (formerly 17U.com or Tongcheng), one of China’s largest ticketing websites, has secured more than 6 billion RMB ($967 million USD) funding from a consortium led by Chinese real estate conglomerate Dalian Wanda Group, Tencent Industrial Capital, CITIC Capital Holdings as well as other institutions. The company did not specify the stakes each investors are acquiring. The investment, which marks […]
Posted inPosts
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 […]
Posted inPosts
[Update] LeSports Lands 8 Billion RMB Funding At 21.5 Billion RMB Valuation
It seems that March is a good time to be an affiliate company of Chinese internet giant LeEco, former LeTV. Shortly after LeCloud raked in a 1 billion yuan (150 million USD) A round, the company’s emerging online sports media unit LeSports is raising a massive 7 billion yuan (1.07 billion USD) series B, putting LeSports […]
Posted inPosts
China To Halt New Entertainment, Tech Stocks To Stave Off Market Bubble
In a bid to head off a speculative bubble, China’s securities regulator is set to bar companies from selling new shares to fund investments in film and television, online gaming, internet finance and virtual reality, fields that it deems non-core businesses, a leading national magazine reported. Citing two unnamed sources, one at the China Securities […]
Posted inPosts
Letv Sports Lands US$128M Funding Led by China’s Top Two Billionaires
Letv Sports, the sports affiliate of Chinese online video streamer Leshi Internet Information & Technology Corp., has raised a hefty 800 million yuan (US$128.8 million) Series A funding, valuing the video-streaming business at 2.8 billion yuan (around US$451.1 million). This round went through A and A+ periods, luring investments from two of the richest men in China. Wanda […]
Posted inPosts
Real Estate Service Fangdd Raises US$80M of Series B Financing
Fangdd, a Shenzhen-based real estate operation service platform, announced it has secured US$80 million of Series B funding from Vision Knight Capital China Fund, Lightspeed China Partners and Series A investor CDH Venture. The company added that it has received the capital on June 28. Founded in October 2011, Fangdd is a real estate shopping guide information […]
