US retailer Walmart and its Chinese online counterpart JD.com have led a $500 million funding round for Dada-JD Daojia, a Chinese online grocery delivery service.
The company was formed two years ago when JD.com agreed to merge its online-to-offline (O2O) business unit with Dada Nexus, an independent delivery player that had previously received more than $400 million...
The Blackstone Group has agreed to invest $400 million in YiChang HEC Changjiang Pharmaceutical (HEC Pharm), a Chinese drug developer listed in Hong Kong, through a convertible bond issuance.
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Singapore’s Golden Equator has launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises (SME) expand across Southeast Asia.
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.