Alibaba Group
Alibaba-backed positioning service provider raises $141m Series A
Qianxun Spacial Intelligence or Qianxun SI, a high-precision positioning services provider, has raised RMB1 billion ($141 million) in a Series A funding round, taking its valuation past RMB13 billion.
VCs set for exit as Alibaba buys China cybersecurity start-up
Alibaba Cloud, a subsidiary of Alibaba Group, has agreed to acquire Chaitin Technology, a Chinese cybersecurity start-up backed by Matrix Partners and Qiming Venture Partners.
VC-backed Chinese AI companies hit by US blacklisting
Eight Chinese artificial intelligence (AI) start-ups have been blacklisted by the US government. Several have received PE and VC funding, including SenseTime and Megvii Technology.
Chinese start-up media player 36Kr files for US IPO
36Kr, a Chinese news service that covers start-ups and emerging business models, has filed for a US IPO.
Alibaba, Yunfeng invest $700m in NetEase Cloud Music
NetEase Cloud Music, one of China's largest music streaming platforms, has secured a $700 million investment from Alibaba Group and Yunfeng Capital, a private equity firm established by Alibaba founder Jack Ma.
Alibaba leads Series D for China education start-up
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
Russia's sovereign fund signs tech deals with CIC, Alibaba
The Russian Direct Investment Fund (RDIF) has entered into two technology-related ventures, partnering with China Investment Corporation (CIC) on an innovation fund and teaming up with Alibaba Group among others to create a social commerce platform.
VC-backed Ruhan drops on debut after $125m US IPO
Ruhan, a VC-backed Chinese celebrity incubator that creates online personalities who drive e-commerce activity, slipped 37% below its IPO price on the first day of trading following a $125 million NASDAQ offering.
India's BigBasket raises $150m funding round
Indian online grocer BigBasket has raised $149.9 million from a group of investors including Mirae Asset Management, UK development finance institution CDC Group, and Alibaba Group.
Chinese O2O retailer raises $59m from Alibaba-backed fund
KK Guan, a China-based online-to-offline (O2O) retailer that mainly sells imported goods, has received RMB400 million ($59 million) in Series C funding led by the Electronic World Trade Platform (eWTP) Ecosystem Fund, which is backed by Alibaba Group...
Suning invests in Yunfeng co-invest vehicle for iKang take-private
Chinese consumer electronics retailer Suning has committed $50 million to a US dollar-denominated co-investment vehicle managed by Yunfeng Capital that will support the $1.4 billion privatization of iKang Healthcare Group.
SoftBank, Alibaba lead $1.1b round for Indonesia's Tokopedia
SoftBank Vision Fund and Alibaba Group have joined a $1.1 billion round for Indonesian e-commerce and related online services provider Tokopedia.
India fintech: Corporations act
Stakeholders foresee progress and problems as global strategic investors make their first bets in the Indian fintech space. There is little expectation of replicating the China story
PE-backed BabyTree raises $217m in Hong Kong IPO
BabyTree, a Chinese parent-focused social networking platform that engaged in a corporate restructuring intended to facilitate an onshore listing but then 12 months later decided to go public in Hong Kong, has raised HK$1.7 billion ($217.3 million) in...
PE-backed Chinese fashion platform Mogujie files for US IPO
Chinese online shopping and social networking business Mogujie has filed to list in the US. The company's investors include Tencent Holdings, Trustbridge Partners, and Hillhouse Capital.
Alibaba, Line invest Taiwan's KKday
Alibaba Group and Line Corporation have led an extended Series B round of undisclosed size for KKday, a Taiwan-based travel services company backed by a number of venture capital firms.
Asia fintech: Follow the leader
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
Chinese autonomous driving player RoboSense raises $45m
RoboSense, a VC-backed company based in China that develops sensing technology for autonomous cars, has raised about $45 million from strategic investors including Alibaba Group and domestic carmaker SAIC Motor Group.
China sports streaming: Match of the day
Private capital entering China’s sports streaming space is gravitating to platforms backed by the incumbent internet giants. But how long will it be before the big content bets pay off?
Investors commit $234m to Alibaba, SAIC internet car venture
Yunfeng Capital, Shang Qi Capital, and China’s State Development & Investment Corporation (SDIC) have participated in a first round of funding worth more than RMB1.6 billion ($234 million) for Banma Network Technologies, a smart car joint venture established...
Chinese AI video platform receives Series C1 funding
Video++, a Chinese artificial intelligence-driven advertising solutions provider that claims to serve 65% of domestic video-streaming sites, has secured a Series C1 round of funding.
Southeast Asia VC: Partner propositions
Strategic investors, particularly from China, are playing a growing role in Southeast Asia’s technology scene. Venture capital investors in the region hope their portfolio companies can benefit from the rising tide
China car trading platform Souche raises $576m
Primavera Capital Group and Morningside Venture Capital have led a $576 million round of funding for Souche, a Chinese online trading platform for new and used cars.
Alibaba merges food delivery units, raises $3b
Alibaba Group has merged Ele.me, a China-focused food delivery platform that it acquired earlier this year, with its local services platform Koubei. The combined platform has raised $3 billion from investors including Alibaba and SoftBank Group.