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 »
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ZhenFund, China’s largest angel investment fund, is betting rising spending by young consumers in the country on everything from fitness products and healthy food to designer furniture will create good investment opportunities amid a broader economic slowdown. The fund, which invests in early stage startups in the country, also sees digital entertainment,… Read more »
The startup, founded by a group of former Googlers, will develop products for VW and other brands.
Previously, 51Autogo received $10 million in angel and series A rounds from Zhen Fund and Renren.
YCloset has raised a $20 million, led by Pan-Lin Asset Management Co Ltd.
Beijing-based Black Hole Capital has led a RMB400 million ($58 million) investment in bike-sharing service Bluegogo, a Tianjin-based bike sharing company. Additional investors in the round are Shenzhen-based healthcare equipment developer Smart Xintong. Black Hole Capital is a venture firm founded by Zhang Liang, the son of Chinese property giant R&F Properties’ co-founder Zhang Li. The latest… Read more »
Chen, 46, is part of an unusual group of female investors who have risen to the top of the venture business in China and helped fuel the country’s technology boom. They’ve backed some of China’s most successful startups and their influence is growing as they raise more money, recruit other women and seed the next generation of technology companies.
Alibaba Pictures has partnered with Amblin Partners and robotics venture Vincross has closed a $6 million Series A round.
The 10-month-old startup was founded by Sequoia Capital China, Zhen Fund, China Equity Co and a former China Vanke executive.
Chinese VC firms made 8-digit investments into media startup Er Geng and OTA platform Meiya.