Search Results for:Cate Cadell picks 33% stake in insurer Allianz’s China unit for $85m

The investment will make the second largest shareholder in Allianz China, said the insurance firm in a filing.

Meituan Dianping to acquire bike-sharing giant Mobike for $2.7b

The deal will intensify the rivalry of their common backer Tencent Holdings with Alibaba Group.

Meituan-Dianping to buy large stake in Chinese bike-sharing major Mobike

The deal was brokered by Pony Ma, chief executive of Tencent Holdings, a backer of both companies.

Alibaba to fully acquire $9.5b food delivery app

The acquisition enlarges Alibaba’s food delivery empire, which includes delivery platform Koubei, as it competes with Meituan-Dianping.

Chinese bike-sharing firm Ofo raises $866m in Alibaba-led round

Ofo claims it’s the largest investment garnered in a single round by a bike-sharing startup.

China: Pharma startup XtalPi raises $15m led by Sequoia, joined by Google, Tencent

XtalPi uses AI, cloud computing and quantum physics to improve drug design processes.

Google leads $120m round in Chinese e-sports firm Chushou

The investment is Google’s second-ever in a Chinese startup.

Chinese ride-sharing firm Didi Chuxing raises $4b in new funding round

The round values the firm at close to $50 billion and was joined by existing backer SoftBank.

China’s Tencent, invest $863m in online retailer Vipshop

The deal comes as Tencent pushes into retail, leveraging its relationship with and popular app WeChat.

Targeting local talent pool, Google opens AI research center in China

The new center will join a list of similar ones operating in New York, Toronto, London and Zurich.