YCloset raises Series B $20m from Pan-Lin Asset, IDG


YCloset has raised a $20 million, led by Pan-Lin Asset Management Co Ltd.

China Digest: SDIC backs Ribo; Matrix funds online insurance Xiaoyusan

SDIC Fund Management Co, and Matrix Partners China, each led different investment deals, $39 million in siRNA drug developer Ribo, and $14 million in online insurance startup Xiaoyusan, respectively.

IBM, Wanda form China cloud computing partnership

Wanda Cloud Company will offer IBM cloud platform as a service.

Thiel’s Palantir barred share sale to China’s CDH Investments

In recent years, Palantir has risen to be a global data mining giant with a $20b valuation

China: Education startup Makeblock closes $30m Series B round

Evolution Media China and Shenzhen Capital led the round

Alibaba to launch regional distribution hub in Malaysia

This would mark Alibaba’s first investment in Malaysia.

Baidu leads investment into green car startup NextEV

Baidu is expanding outside its core search and ad business

China’s Sinopec nears deal to buy Chevron’s S African assets

Chinese oil firms and traders are chasing global refinery assets

China: CreditEase Fintech Investment Fund backs three US firms

It participated in funding rounds of Trumid, WeConvene and WorldCover.

China: Used car trading platform Chezhibao raises $100m led by PE firm PAG

This follows Chezhibao acquisition of second-hand car trading platform Youyiche.