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China Dealbook: Xiaoyu Link raises $18m; $10m tech deal with Israel

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Online video conference solutions provider Xioyu Link has raised RMB125 million (US$18 million) in a series B round of funding led by Zhen Fund and Chengzhen while Israel and China have signed a $10 million technology deal. Xiaoyu Link raises $18m led by Zhen Fund, Chengzhen Online video conference solutions… Read more »

Tencent leads $350m round in Chinese live broadcasting app Kuaishou

Tencent joins rival Baidu Inc. as a backer of Kuaishou.


Baidu chief scientist Andrew Ng to depart in setback for AI Push

The chief scientist helping drive Baidu Inc.’s push into artificial intelligence is quitting the Chinese search giant, putting at risk its efforts to put AI at the center of a business revival. Andrew Ng, a Stanford University academic who worked on deep learning at Alphabet Inc. before joining Baidu in 2014, said… Read more »


American Air in advanced talks to buy China Southern stake

The US carrier may invest $200m in the Chinese airline.


Tencent plans to spin off Kindle-like business, take it to IPO

An IPO, that could raise $500m, is planned for Hong Kong.


People: BlackRock’s APAC real estate research head to leave; PE Riverside promotes Steven Spiteri as AUS Partner

He supports fund raising, asset management, acquisition and disposal activities


China: Mobike expands to Singapore; Woqu merges with Lulutrip

Following the strategic investment by Temasek Holding and Hillhouse Capital last month, China’s Mobike has expanded to Singapore as its maiden overseas foray. Meanwhile, Woqu, a travel platform that has offered more than 6,700 personalised itineraries to nearly 400 destinations in 56 countries, reportedly announced to have raised $25 million… Read more »


Airbnb changes name in China, doubles investment to win users

Airbnb, valued at $30 billion, is accelerating its drive into Asia.


HK-based co-work space Campfire raises $6m in seed round

It has an eye on regional expansion in the Apac.


Chevron Corp’s $1b sale of Chinese offshore oil fields said to stall

Chevron Corp.’s sale of its stakes in Chinese offshore oil fields operated by state-owned CNOOC Ltd. has stalled, people with knowledge of the matter said. Bids that Chevron received for its interests in three fields in China’s Bohai Bay didn’t meet its expectations, according to the people. Chevron had aimed… Read more »