Other investors include Matrix Partners, Gobi Partners, IDG
By Tomas S. Noda III
Other investors were Temasek, DST, Third Point Ventures and Founders Fund.
Tahoe Group is buying out and privatising NASDAQ-listed Alliance Healthcare and Alibaba-backed Best Logistics Technology Co is aiming to raise $1 billion in a US IPO later this year.
IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently bought tech… Read more »
Chinese mobile device charger sharing startups Ankebox and Laidian have raised tens of millions in US dollars in series A funding round to expand their business aggressively in the domestic market. Ankebox announced on Wednesday that IDG Capital and Shenzhen-listed Li-On battery modules manufacturer Sunwoda Electronics have led its RMB100 million… Read more »
Ecovacs claims to be China’s top robot home appliances maker with a 65 per cent market share, and currently has over 5,000 employees with corporate offices in Canton Ohio, Dusseldorf Germany, Tokyo Japan and Suzhou city in China.
Youon Bike has closed an undisclosed Series A investment in a round led by Ant Financial. IDG Capital and Shenzhen Capital Group Co. also participated.