China Digest: Tsinghua fund backs robot maker Trifo; Ant Financial invests in Shuwei


According to a company statement, Trifo will use the proceeds to build the next generation of smart home robots. 

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.

China: Xiang He Capital invests in GGV-backed medical AI startup Synyi

Synyi develops big data-driven application for medical research, healthcare, and patient services.

China’s Fosun in talks to invest in Brazilian beef producer Minerva

Minerva has signed a non-disclosure agreement with Shanghai-based Fosun, and has held talks with other prospective investors

Chinese steel website Zhaogang said to drop dual-class IPO plans plans to proceed with a regular IPO, selling stock that has the same voting rights as that held by company founders.

China’s Linear Venture raises $142m

Linear Venture has collected RMB500 million ($72.53 million) for its RMB-denominated vehicle and $70 million for a US dollar-dominated vehicle.

China: 3D printing startups Prismlab, Ultracraft bag funding

Germany-based BASF Venture Capital has marked its first direct China investment by funding 3D printer provider Prismlab.

Alibaba’s new on-demand online services unit said to be valued at $30b

Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. Alibaba combined the operation of food delivery service and online restaurant guide business Koubei under a… Read more »

Intel Capital invests in Chinese medical imaging firm HuiyiHuiying

The company plans to expand to overseas markets including the US, Japan, Southeast Asia, India and Europe.

SoftBank in talks to invest in Alibaba-backed HelloChuxing: Report

Hellobike rebranded itself as HelloChuxing in September as part of its bid to expand operations beyond bike-sharing.