Cate Cadell

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.

Amazon expands cloud unit in China with new local partner Ningxia

The move comes a month after AWS said it will sell the hardware assets of its Beijing-registered cloud unit for up to 2 billion yuan ($302.06 million).

Chinese investor lifts stake in Dialog Semi to over 7%

The investment vehicle is owned by Tsinghua Unigroup Ltd, China’s top state silicon chipmaker.

Qualcomm invests in Chinese AI facial recognition startup SenseTime

The fundraising will value SenseTime at about $2 billion and has drawn interest from prospective investors, including Singapore state investor Temasek.

Amazon to sell China cloud assets to partner Beijing Sinnet for $300m

Sinnet began operating the Amazon services in August 2016.

China’s Meituan-Dianping raises $4b, valuing the firm at a lofty $30b

Tencent led the round that was joined by Sequoia Capital, Singapore’s GIC, and Tiger Global Management.

China’s Ant Financial brings in CK Hutchison as HK payments partner

Ant Financial has ramped up overseas expansion this year in India, Korea, the US and SE Asia.

China’s Baidu launches $1.5b autonomous driving fund

The “Apollo Fund” will invest in 100 autonomous driving projects over the next three years