China’s edtech startup iTutorGroup seeks $2b valuation ahead of IPO


iTutorGroup is raising as much as $300 million at a valuation of about $2 billion, which would make it the world’s biggest education technology startup.

Eight Roads Ventures launches $275m China tech fund

The fund aims to back China’s next generation of tech entrepreneurs and will focus on investments in enterprise tech, fintech and consumer tech.

China’s Didi said to be in talks for an IPO as early as this year

The company is hoping to fetch a valuation of at least $70-80 billion if it goes public.

China Digest: E-commerce platform Yunji raises $120m, Shenzhen Capital backs Formlabs’ $30m round

Yunji, a Chinese e-commerce platform focused on online retailers, has raised $120 million in a Series B funding round co-led by CDH Investment and Huaxing Growth Capital.

Hong Kong approves dual-class shares in bid to lure Chinese tech titans

Technology firms that have shares with different voting rights will now be allowed to go public in Hong Kong, overturning rules that barred the likes of Alibaba from considering the former British colony.

Chinese PE Waterwood invests in US-based mobile marketing platform Leanplum

Leanplum said the add-on investment from Waterwood raised its total Series D proceeds to $52 million, which will be used to expand its footprint in China and the Asia Pacific, and to make new hires.

Debt-laden China HNA Group seeks up to $1.5b in new fund

The company has started to raise external capital for the fund this month.

Rolls-Royce in partnership talks with China’s Aero Engine Corp for new jet

The CR929 is slated to be a 280-seat widebody jet that can fly about 12,000 kilometers (7,500 miles).

Google may join SoftBank in Chinese truck-hailing firm Manbang’s $2b round: Report

Manbang’s previous investors include Tencent Holdings and Yunfeng Capital.

Sequoia China co-leads $11m Series A in US medtech startup NuProbe

The investment in NuProbe follows a growing trend of Chinese investors pumping money into US medical technology companies.