Search Results for:Sijia Jiang

China: Bitcoin miner Canaan Creative eyes IPO, prefers overseas listing

Canaan has seen a surge in demand for its mining machines amid a global boom in crypto-currencies, with the price of bitcoin jumping more than 1,300% in 2017.


Tencent, JD.com buy stakes in Chinese retail chain Better Life for $257m

Tencent subsidiary is buying a 6% in Better Life for $140 million.


China’s Huawei leads 5G networks charge by forging ties with global telecom players

Deals to start building 5G networks are still largely a year away, but Huawei has signed 25 MoUs with telecom operators.


China’s Leshi seeks equity stakes in shareholder Jia Yueting’s car businesses

Leshi was trying to resolve debt owed by Jia and his companies by seeking equity stakes in his businesses, including Faraday Future.


Hong Kong arm of China’s beleaguered LeEco files for liquidation

LE Corporation Limited, a unit of LeEco, has applied to liquidate the business according to court documents.


China’s AI startup SenseTime plans IPO, U.S. R&D centre as early as 2018

SenseTime will consider Hong Kong, the United States and China for its initial public offering.


China’s Tencent on global path as it surpasses Facebook in market value

Tencent this week became the first Asian firm to enter the club of companies worth more than $500 billion.


Backing Big Brother: Chinese facial recognition firms appeal to funds

At stake for firms such as SenseTime Group, Face++ and DeepGlint, is a multi-billion dollar global public and private market


Lenovo to buy 51 per cent in Fujitsu’s PC business for up to $269m

The deal arrives after Lenovo posting about a lower quarterly profit on continued difficulty in the global PC market.


Face recognition startup Megvii raises $460m led by Chinese state fund, Ant Financial, Foxconn

A previous round of financing last December valued Face++, a Beijing-based start-up behind Alipay’s “scan your face to pay” function, at $2 billion.