Search Results for:Sijia Jiang

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.

China’s LeEco unit to buy finance business from affiliate for $455m

The move forms part of a restructuring exercise.

Hony Capital-backed VC fund to invest in Hong Kong tech startups

At a time when the financial hub continues to struggle to boost entrepreneurship.

Tencent, Guangzhou Auto agree to collaborate on connected cars

Both will also explore investment in auto-related e-commerce, new energy cars and auto insurance

Confusion persists over China Unicom’s $12b ownership-reforms plan

One investor named by Unicom in the fundraising — rail equipment maker CRRC Corp Ltd — denied involvement in the deal.