GGV Capital and Lightspeed Venture Partners have together invested RMB100 million ($14.7 million) in the second round of financing raised by MediaV, a leading provider of digital advertising technology and services in China.
Upon MediaV’s incorporation in 2009, Lightspeed Venture, investing from its $800 million fund VIII, participated in the initial round of financing. Aside from its head office in Shanghai, MediaV operates...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.