GGV Capital
Fosun Capital leads $80m Series B for China’s BingoBox
BingoBox, a Chinese unmanned convenience store operator, has raised an $80 million Series B round of funding led by Fosun Capital. Existing investors Prometheus Capital, Qiming Venture Partners, GGV Capital and Ventech China also took part.
GGV, Joy Capital lead $50m round for China’s 91Xinshang
GGV Capital and Joy Capital have jointly led a $50 million Series C round of funding for 91Xinshang, a secondhand luxury goods trading platform in China.
China's Bytedance to acquire VC-backed Musical.ly
Beijing Bytedance Technology, the parent company of Chinese news aggregator Toutiao, has agreed to acquire Musical.ly, a VC-backed short video social networking platform.
Sinovation leads $21m round for Chinese AI firm
Sinovation Ventures has led a $20.6 million Series B round for Zhuiyi Technology, a Shenzhen-based artificial intelligence (AI) start-up that specializes in chatbots.
Cathay, GGV back China’s Momenta
Cathay Innovation, a VC affiliate of Cathay Capital Private Equity, has led an extended Series B round for Momenta, a Chinese start-up that develops road sensors and mapping software for self-driving cars, with participation from GGV Capital.
VCs back China smart vending machine operator
Citybox, a China-based smart vending machine operator, has secured a $15 million Series A round of funding from GGV Capital, Yunqi Partners, Blue Lake Capital and ZhenFund.
DCM leads $31.8m round for China B2B oil trading platform
DCM Ventures has led a $31.8 million Series B round for 51Zhaoyou.com, a China-based B2B oil trading platform.
H Capital leads $150m round for China’s Zuoyebang
H Capital has led a $150 million Series C round of funding for Zuoyebang, a K-12 focused education mobile app that spun out from Chinese online search engine Baidu.
Deal focus: Liulishuo bridges the learning gap
China's Liulishuo wins $100 million in funding for an adult-focused education app that uses artificial intelligence to bring customized teaching solutions to English language learners
China-based English language learning app secures Series C
CMC Capital Partners and Wu Capital – a Beijing-based family office for Longfor Properties – have jointly led a Series B round of funding for Liulishuo, a language learning app powered by artificial intelligence (AI).
GGV leads $10m round for Asian snacks business
GGV Capital has led a $10 million Series A funding round for Yamibuy, a US-based e-commerce player focused on Asian snacks, beauty products, health supplements and home appliances.
China-US EV: Electric avenue
US cleantech start-ups have emerged as important suppliers in China’s fast-growing electric vehicle industry. Venture capital firms will play a key role in keeping the cross-border traffic flowing
China cross-border VC: Home from home
Chinese capital is chasing deals in America’s technology space, but success in Silicon Valley requires a long-term commitment. Does the new breed of US-born Chinese VCs have the right cross-border strategy?
Chinese VCs commit $50m to US driverless car start-up
Drive.ai, a US driverless car technology developer, has received a $50 million Series B round from a group of investors including China’s GGV Capital and Northern Light Venture Capital.
Chinese agricultural drone platform secures Series A round
Farm Friend, a Beijing-based agricultural drone services platform, has raised a RMB50 million ($7 million) Series A round led by Gobi Partners.
Deal focus: Wish scales up cross-border e-commerce
Wish secures an extended Series F round to build out its platform that enables Chinese suppliers to sell cut-price goods to US and European consumers
China's sharing economy: The peer effect
Bicycle-sharing is following the lead of ride-hailing in China – with start-ups consuming large amounts of capital in a battle for market share. What does it say about the broader sharing economy opportunity?
SDIC Fund leads $40m Series B for Chinese drug developer
Suzhou Ribo Life Science, a Chinese drug developer that focuses on liver diseases, has raised a RMB270 million ($40 million) Series B round led by SDIC Fund Management.
Q&A: GGV Capital's Jenny Lee
Jenny Lee, managing partner at Sino-US VC firm GGV Capital, discusses supporting start-ups from early through later-stage rounds, and why technology players increasingly need to think internationally
GGV adds new managing partner Eric Xu
GGV Capital has appointed Eric Xu (pictured), former managing director of SIG Investment Asia, as managing partner in its Shanghai office.
VIDEO: Jenny Lee, GGV Capital
Jenny Lee, managing partner at GGV Capital, discusses the venture capital environment in China
China tech players in SE Asia: Strategic outpost
Chinese internet companies increasingly see Southeast Asia as a market that can help counterbalance slowing growth back home. For certain business models, it is an expensive and time-consuming process
China VCs tell start-ups to focus on sustainability - AVCJ Forum
China VC investors are reminding portfolio companies to pursue profitability rather than sky-high paper valuations as the market continues to rationalize following an explosion of activity in recent years.
New Horizon leads $37m Series B in China AR toy maker
Neobear, a China-based company that develops interactive learning tools for children, has raised a RMB250 million ($37 million) Series B round of funding led by Chinese GP New Horizon Capital.