Ctrip, China’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
Founded in 2010 and originally known as Gogobot, Trip.com offers personalized travel planning services that incorporate activities as well as flight and hotel bookings. Users join particular “tribes”...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.