Posted inNews

Chinese Cloud Service Provider UCloud Announces US$50M in Series B to Expand to North America

Chinese Cloud service provider UCloud announces US$50 million in Series B funding led by Bertelsmann Asia Investments and Legend Capital, joined by existing investor DCM who participated in the previous round of US$10 million together with Bertelsmann. UCloud, founded in 2012 by former Tencent execs, is specialized in game hosting and related Cloud services. This round of funding […]

Posted inNews

[TechCrunch Beijing] Chinese Cloud Services Taking on New Role as Incubators

Guo Peng, vice president of UCloud, Dominique Tu, VP at Kii, and Lv Guihua, president at Qiniu, took stage today at TechCrunch Beijing with TechCrunch China co-editor Shuhang Lee to discuss the red-hot cloud service industry. As old friends of ours, the three panelists have joined us last year at TechCrunch Shanghai to talk about the sector. When being asked to […]

Posted inNews

BAI Launches Angel Investment Arm BetaFund to Foster Early-stage Startups

BAI CEO-Annabelle Long Bertelsmann Asia Investments (BAI), the investment arm of Bertelsmann AG in Asia, has announced the launch of BetaFund, an angel investment fund providing financing and professional support to early-stage startups. In next few years, BetaFund expects to invest tens of millions dollars in mobile, social networking and gaming industries, according to the […]

Posted inNews

Chinese Cloud Service Provider Qiniu Raises Eight-digit Dollars Series C Financing

Chinese cloud service provider Qiniu Information Technology announced eight-digit dollars of Series C financing led by CBC and followed by existing investors of Matrix Partners China and Qiming Venture Partners, who participated in Series A and Series B round, respectively. The company disclosed that the financing will be used in infrastructure and cloud industrial chain construction, R&D, […]