Chinese workers find grass is greener at home than Silicon Valley


Where Chinese college graduates once coveted a prestigious overseas job and foreign citizenship, many today gravitate toward career opportunities at home, where venture capital is now plentiful and the government dangles financial incentives for cutting-edge research.

China Digest: Healthcare platform Shequ580 and tech startup Surestar raise funds

Shequ580 and Surestar raises Series A+ rounds from Chinese VC firms.

Bain, Silver Lake among bidders for Olympus Capital Asia’s stake in iPhone recycler

The recycler, Li Tong, could be valued at $750 million to $1 billion in any transaction.

CITIC Capital completes acquisition of Paris-based Axilone

Oaktree Capital Management had put Axilone up for sale early last year.

Uber-rival Didi Chuxing recruits in Mexico ahead of launch

The expansion underscores Didi’s growing interest in Mexico and, more broadly, Latin America, a market where Uber Technologies Inc doubled down after Didi drove it out of China.

China’s bitcoin mining giant Bitmain is expanding to Switzerland

Bitmain Switzerland was registered in Zug, Switzerland in late December.

Pantheon Group promotes Asia executive Alex Wilmerding as Partner

Wilmerding’s duties include evaluation and commitment to alternative investment opportunities across Asia including Australia.

China: English education platform DadaABC secures $100m funding

DadaABC will use the funds to further develop teaching curriculum and online technology.

Chinese finance platform Black Fish raises $145m from Gobi, Lightspeed, others

Others who participated in the round include Morningside Venture Capital, JAFCO Asia, Fullcent Capital and Zhang Tao, founder of 

Asian bike share firm Gobee quits Brussels, French cities but to stay on in Paris said it would continue operating its bright-green bikes in Paris – where it leads China’s Ofo and Singapore’s oBike