Tencent
China taxi-booking apps: Road war
High-powered alliances are forming in China’s mobile taxi-booking space around Kuaidi Dache and Didi Dache as part the ongoing battle between the big internet companies. What does it mean for VC investors?
JD, Tencent invest $1.55b in Chinese online auto platform
Chinese online retailer JD.com and its investor Tencent Holdings have formed strategic partnership with Bitauto, committing $1.55 billion in the auto e-commerce operator and its investment unit.
China food delivery app Line0 raises $30m
Chinese food delivery mobile app Line0 has completed a Series B round of funding worth $30 million, led by Tencent Holdings. Existing investors Sequoia Capital and Gobi Partners also participated.
China's Wanda E-Commerce raises $160m
Wanda E-Commerce, a joint venture set up by China’s largest commercial property operator Wanda Group, Baidu and Tencent Holdings, has raised RMB1 billion ($160 million) from two offshore internet investment funds.
Chinese taxi-booking app Didi Dache raises $700m
Singapore’s Temasek Holdings, DST Global and Chinese internet giant Tencent Holdings have led a new round of funding worth $700 million for Didi Dache, a Chinese taxi-booking app.
Tencent, Line invest $110m in South Korean game developer
Chinese internet company Tencent Holdings and Japanese messaging app Line Corp. have invested $110 million in 4:33 Creative Labs, a South Korean, VC-backed mobile games developer.
Chinese courier mobile app wins backing from Tencent, Banyan
Tencent Holdings and Banyan Capital have invested $15 million in a Series A round of funding for Renren Kuaidi, a Chinese express delivery mobile app.
China photo-sharing app Blink secures $20m round
Blink, a Chinese photo sharing and messaging mobile app, has raised $20 million in Series A funding from Tencent Holdings, Sequoia Capital, H Capital, ZhenFund and Innovation Works.
Tencent, Tiger Global lead $350m round for China mobile shopping app
Koudai Gouwu, a Chinese mobile shopping portal, has raised a $350 million Series C round of funding led by Tencent Holdings and Tiger Global. H Capital, VY Capital and DST Advisors also participated.
Tencent leads $100m round for Chinese medical service platform
Tencent Holdings has led a $100 million round of funding for Guahao.com, a Chinese healthcare information portal.
GGV, Tencent invest $13m in US tracking device maker
Tile, a US start-up that makes devices used to track lost items, has raised $13 million in funding from China-based investors.
Tencent to up stake in PE-backed China South City
Tencent Holdings will pay HK$822.5 million ($106 million) to increase its stake in China South City Holdings, a logistics center operator that counts PAG among its investors, to 11.55%.
Tencent, Morningside commit $20m in China travel site
Tencent Holdings has led a $20 million Series B round of funding for Woqu.com, a Chinese outbound travel start-up, with participation from existing investor Morningside Technologies.
Tencent invests $20m in Korea's PATI Games
China’s Tencent Holdings has invested KRW20 billion ($20 million) in Korean mobile game developer PATI Games.
Tencent pumps $70m into China healthcare networking site
Tencent Holdings has invested $70 million into dxy.com, a Chinese networking and information-sharing site for healthcare professionals
China beauty portal Meilapp.com raises $20m
Morningside Technologies has led a $20 million Series B round of funding for Meilapp, a Chinese mobile portal devoted to cosmetics and skincare.
VC-backed Cheetah Mobile re-ups in China's Moxiu Technology
Cheetah Mobile, a mobile internet security firm backed by Matrix Partners and Tencent Holdings, has bought an additional 22% stake in Moxiu Technology for RMB20 million ($3.2 million).
Asian Venture Capital: Not yet bubble territory
Is Asian venture capital back in favor? Based on what has been happening in the last year or so, the answer would be a resounding yes. Like their peers in Silicon Valley, the Asian VC community is certainly seeing more activity than say three years ago....
Tencent invests $736m in VC-backed Chinese classifieds site
Tencent Holdings will pay $736 million for a 19.9% stake in 58.com, a venture capital-backed Chinese classifieds website that went public on the New York Stock Exchange last October.
China VC: The virtuous circle
China’s VC market is evolving as funds started by or raised from founders of first-generation internet firms. Concerns about conflicts of interest must be addressed, but the influence of their ecosystems will grow
Hony, Tencent buy plots in Qianhai land auction
Hony Capital and Chinese internet giant Tencent Holdings have bought land in Shenzhen’s Qianhai special economic zone for RMB2.19 billion ($351 million).
VC-backed Cheetah Mobile posts modest gain after $168m IPO
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, ended its second day of trading on the New York Stock Exchange at a slight premium to its IPO price, following a $168 million offering.
China's Ctrip invests $200m in VC-backed Tongcheng
Tongcheng Network Technology, the VC-backed business behind travel site 17u.com and ticketing site LY.com, has received $200 million Ctrip International.
US-based Weebly secures $35m from Tencent, Sequoia
Tencent Holdings and Sequoia Capital have invested $35 million in a Series C round of funding for Weebly, a US-based web-hosting services provider.