By Brenda Goh
LeEco has repaid part of this debt after selling shares in its smartphone affiliate Coolpad Group.
The funds will also enable the firm to open its global corporate headquarters in the Greater Philadelphia Area.
The top 10 largest deals in the year were dominated by Asian companies. The largest deal of the year was the $5.5 billion funding of China-based Didi Chuxing
Mobike Chuxing was set up in December with registered capital of $3 million.
China Digest: Shihou TV, 2Boss, Gonbike, Black Sesame, Yabuli, and Fund Intelligent Piano raise funds.
The company, which started as a regional airline, is planning to sell about $5 billion of assets by April.
Bitmain, which runs China’s two largest bitcoin-mining collectives, is setting up regional headquarters in Singapore.
The deal is the largest in the city since CK Asset sold a skyscraper in central business district at a world record price of $5.2 billion late last year.
Hua Hong said it will invest the funds into a joint venture entity that handles designs, research, manufacturing, testing, packaging and sale of integrated circuits.
The investment is Google’s second-ever in a Chinese startup.