Search Results for:Lulu Yilun Chen

China’s Truck Alliance in talks to raise $1b at a valuation of $9b

Truck Alliance, also called Manbang, is in advanced talks with new and existing backers including SoftBank and Tencent.

China’s internet giant Tencent said to raise over $650m for new VC fund

Tencent, whose internal venture arm is co-led by Forest Lin and Jeffrey Li, is one of China’s most prolific investors, seeding at least 600 companies.

China’s vegetable-selling app Meicai said to raise more than $600m

The latest round was reportedly led by Hillhouse Capital and Tiger Global Management.

Jack Ma ceding control over Alibaba’s VIEs highlights China’s corp governance woes

Beijing has never officially endorsed VIEs; they were pioneered by Sina Corp. and its investment bankers with its initial public offering in 2000. Shareholders may have difficulty enforcing rights in China should there be breaches of faith.

World’s most valuable startup is helmed by 35-year-old you haven’t heard of

Zhang Yiming’s Bytedance is on its way to a more than $75 billion valuation.

SoftBank, KKR mull mega investment in China’s Bytedance at $75b valuation

Bytedance is said to be seeking around $3 billion in the current round.

Meituan Dianping founder’s wealth soars to $5.3b after IPO

Wang Xing, 39, is the latest in a recent rush of newly-minted Chinese billionaires as founders take their startups public. Five tech IPOs have helped at least 16 people ring up a combined $48 billion of net worth at the time of the IPOs.

Alibaba’s new boss Daniel Zhang is finance veteran behind the push into new retail

Zhang’s endeavour to transform old-school shopping using data analysis to manage inventory and shipping has driven more than $8 billion of deals in endeavourseveral years.

Ant Financial said to have roped in Deutsche Bank exec to run new fund

The Chinese financial services giant is looking for deals to build its presence abroad, acquiring technology and investing in local payment services in Southeast Asia, Korea and India.

How Jack Ma became the role model for China’s startup generation

It was Alibaba’s record-setting initial public offering that altered the country’s tech industry for good.