Category: China News

PCH Fills Out Tech Ecosystem For Hardware Startups With Fab Deal

There’s a China connection in the recent deal that PCH made to buy the once high-rising and well-funded e-commerce startup, Fab, which crashed last year. The product development and supply chain firm PCH has a major manufacturing and logistics base in Shenzhen, where its operations assemble, package and get products ready to ship for major multinational companies as well as small to medium-sized...

Are Chinese Tech Startups Overvalued?

Technology startups in China are raising cash at a record pace from private investors, prompting concerns about potential overvaluation. The latest hot deal is an $800 million-plus round for Shanghai-based Dianping, an online-review site similar to Yelp Inc., as the WSJ’s Rick Carew and Juro Osawa report. Late demand from new investors increased the fundraising, pushing Dianping’s...

Why Asia’s Tech Titans Are Investing In U.S. Startups

Asia’s wealthiest technology companies are leading a wave of investment in U.S. startups with the hope of gaining a toehold in Silicon Valley and taking some hot new products home. Alibaba Group Holding Ltd., China’s largest online retailer, recently invested $200 million in Snapchat Inc. The investment pushed the Venice, Calif., mobile-messaging company’s value up to...

Huawei’s Leaps Ahead In Mobile With Wearable Smartwatch

Huawei has introduced a 7-inch tablet with cellular voice capabilities alongside its Android Wear smartwatch that was leaked before the Mobile World Congress event. Huawei already sells a large phone direct to consumers in the U.S.: You can buy the Ascend Mate2 with its 6.1-inch display for $299.99 off contract. The new MediaPad X2 brings the screen...

Tech E-Trade Route Between The UK And China Opens Up

Struggling to think of any strong startup connections between the UK and China?  Think again. Incubators, accelerators, tech delegations, stock exchanges, and U.K.-based business leaders are eyeing growth and profits by leveraging opportunities in the Far East. Trade flows have always been strong, but not for tech innovation and venture investment. Now that’s changing as more and more...

Valuation game: India’s Micromax Nowhere Close To China’s Xiaomi

Home-grown mobile handset maker Micromax Informatics, which sold as many or even more smartphones in the past couple of quarters than global smartphone leader Samsung in India, is reportedly seeking a valuation of $3-3.5 billion for a potential stake sale. The valuation, which is close to three times its annual sales, is too low compared to its...

Renren’s Burst Of US Deals Showcases China Tech Going Global

China’s social networking site Renren is continuing its strategy of investing in U.S. tech startups with disruptive technology. Adding to its expanding portfolio, Renren has recently invested $5 million in mortgage marketplace Sindeo, based in San Francisco. See earlier Forbes post on Renren strategy of moving outside its core business, both by market sector and geographic...

Asian Startups Claim 11% of Billion Dollar Club

It’s remarkable to see so many Asian startups placing in the top tier of global companies valued at 1$ billion or more by venture capital firms. See Billion $ Club. China claims the most with eight, followed by India with four. In a signal that the Startup Asia story is spreading throughout the region, South Korea...

Silicon Dragon News – mid-February, 2015

 Baidu’s Chinese New Year heat map tracking the large annual migration from Beijing, Shanghai and Shenzen in real time. qianxi.baidu.com Happy Chinese New Year!   TECH DEALS AND TRENDS GREATER CHINA Robin Li channels Liberace at Baidu’s 15th anniversary gala. What is it with China’s tech lords? Join Baidu – see Robin Li play the drums. The perks...