Search Results for:Lulu Yilun Chen

China’s vegetable selling app Meicai said to raise $450m from Tiger Global, others at $2.8b valuation

The funding underscores the lofty valuations Chinese companies are fetching in a market awash with capital.


China’s YY Inc. seeks to list game-streaming arm, targets $200m in US IPO

The Twitch-like streaming division is seeking to raise at least $200 million this year to fund expansion in a fledgling but heated sector


Behind Masa Son’s unconventional, unstoppable dealmaking spree

Son has rattled rivals with his growing influence and changed the game of startup investing — for better or worse.


Tencent’s digital music service underpins Spotify, Apple in China

Asia’s biggest internet company wants to capitalize on digital-music sales in mainland China that are expected to surge 88 percent within four years.


Xiaomi said to eye valuation of at least $50b in IPO

It is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination. Xiaomi last raised money in 2014 at a $46 billion valuation.


iPod creator Tony Fadell backs Singapore cybersecurity startup CashShield

It raised $5.5 million in September in a round backed by GGV Capital and Temasek’s Heliconia Capital Management.


China’s top Uber-for-trucks apps Huochebang, Yunmanman agree to merge

The merger would end a costly and frosty battle and create a dominant player in a domestic trucking market estimated to be worth 5 trillion yuan ($753 billion).


Credit Suisse, Li Ka-shing-backed HK fintech WeLab said to plan $500m IPO

Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.


Three from 600 startup pitches gain Jack Ma and Alibaba’s backing

Among the criteria used to decide winners were innovation, community impact and market potential.


Tencent considers more mega-spinoffs with China Literature’s red-hot market debut

Tencent’s e-books business soared almost 90 percent on its debut, Hong Kong’s largest tech coming-out party since 2007.