Lulu Yilun Chen

Alibaba said to mull joining facial recognition tech firm Megvii’s $500m round

The Beijing-based company, which already counts Alibaba as a backer, is talking with Chinese private equity investors and wants to close the round in December.


Tencent Music said to launch US IPO early December

The year’s biggest China IPO in New York came from Netflix-style video streaming service iQiyi Inc., which raised $2.4 billion in March.


Tencent-backed Mogu said to halve US IPO valuation target

The IPO would mark the latest in a string of debuts this year by companies backed or controlled by Tencent, a serial investor in China’s tech scene.


Tencent beats earning expectations amid concerns about gaming business

Tencent’s revenue grew at its slowest pace in three years as a Chinese clampdown on gaming licenses continued to hammer its bread-and-butter division.


Tencent in talks to join Chinese group to bid for Finland’s Amer Sports

Tencent, China’s largest social-media company, is considering joining the consortium led by Anta Sports Products Ltd as a minority investor.


Alibaba to cast its net beyond borders to set new Singles’ Day record

This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls.


Amid global tech stock rout, investors eye opportunities in Asia

Asian funds such as Hillhouse Capital Management Ltd. have been looking for deals to invest in Asia. KKR recently invested in Singapore-based PropertyGuru Pte and Voyager Innovations in the Philippines.


China ceases issuance of gaming licenses through green channel

The government has stepped up its oversight of an industry it sees as fomenting addiction, myopia and other ills among the country’s youth.


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.