Category: China News

Silicon Dragon Ranks The Top 10 Unicorn Startups In China

Silicon Dragon’s ranking of China’s top 10 unicorn startups (below) offers a snapshot of these breakthrough leaders with stratospheric valuations. Of the 131 unicorns worldwide, China claims 18 startups in the $1 billion-plus club. More details on each of these unicorns plus a list of the full 18 Chinese companies in the $1 billion club can be accessed...

China VCs To Invest $500M In Israel in 2015

Chinese investors continue to show growing interest in Israeli high tech, with Chinese investors set to inject an estimated $500 million in Israeli venture capital in 2015, according to IVC Research Center. The center additionally predicted that Israeli funds will raise between $1.2 billion and $1.5 billion by the end of this year, and half of the funds that raise money by the end of...

Disenchanted Chinese Tech Companies Plot Escape From NY Listings

Chinese tech firms have fallen out of love with America, and it shows – a growing number of them are looking to drop their listings in New York and head back home. Many Chinese tech executives are betting on higher share valuations in China where stock markets have recently caught fire. They also hope to evade...

Chinese E-commerce Giant Leads $70M Round In Online Producer Retailer

Chinese e-commerce site and Alibaba rival JD.com is putting its money into fresh fruit and vegetables after it led a $70 million Series C round in FruitDay, a company that sells fresh produce across China. The investment in six-year-old FruitDay, which claims to be China’s largest online produce firm, also included participation from previous backers Susquehanna International Group...

Why This Chinese Startup Bought Segway

Two companies have sealed a deal that’s raising eyebrows: Segway, the struggling American maker of disgraced self-balancing scooters, has been bought by Ninebot, the Chinese rival that Segway recently accused of copying its signature two-wheelers. Ninebot announced the curious acquisition for an undisclosed sum on Wednesday, which followed a combined $80 million investment from mega-rich Chinese...

Forbes Midas List 2015: A Good Year For China Venture

Four new venture capitalists arrived on the Forbes Midas List of 100 top tech investors following a stellar year for China-based companies, which saw smartphone maker Xiaomi crowned as the world’s highest-valued private tech company and Alibaba as the largest-ever IPO. Sequoia Capital’s China team added one more VC to the firm’s already stacked Midas roster. Coming in strong at #22, Steven...