Search Results for:Lulu Yilun Chen

China Literature tumbles after announcing $2.3b New Classics deal

Analysts are skeptical because one Tencent affiliate is buying another one at a price that may benefit the parent company.


SoftBank Vision Fund set to lead over $3b round in Alibaba’s Ele.me

As part of the agreement, Alibaba intends to merge Ele.me with in-house arm Koubei, which focuses on connecting restaurants to the internet.


Alibaba said to join $600m round for AI startup Megvii

Megvii provides face-scanning systems to companies including Lenovo Group Ltd. and Ant Financial, the payments company that underpins Alibaba’s e-commerce platforms.


Billionaire Peter Thiel said to be weighing options to invest in Chinese startups

Thiel is weighing different approaches for investment, including raising a fund directly or through a partnership.


SoftBank fund plans $1b investment in Chinese AI giant SenseTime

The company has already announced two other funding rounds this year as it raised more than $1.2 billion.


Niu, Chinese electric scooter startup, in talks to raise $300m in US IPO

Chinese startups continue to seek stock offerings in the U.S. even as the Hong Kong bourse has started attracting a wider range of tech and health-care firms


Alibaba-owned food delivery startup Ele.me said to seek at least $2b in funding

Alibaba bought full control of Ele.me in April this year in a deal valuing the latter at $9.5 billion.


China’s Mobike to refund user deposits in effort to win market share

Mobike is making the moves as it fends off rivals backed by Alibaba Group Holding Ltd. and Ant Financial.


Tencent-backed Chinese startup WeDoctor wants to be the Amazon of healthcare

Once a scrappy startup that helped people book doctors, it’s grown into a outfit valued at $5.5 billion that operates online follow-up consultations, drug prescriptions and actual clinics staffed by physicians.


Chinese e-commerce site Pinduoduo files for $1b US listing

The company was founded by ex-Google engineer Colin Huang and counts Tencent Holdings Ltd. and Sequoia Capital China as backers.