Category: 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...

Hong Kong Snubbed For IPO As Shenzhen Gets Focus Media

When e-commerce giant Alibaba Group Holding eventually decided to list in New York last year, some Hong Kong officials and bankers sought to defend the snubbed city’s long-standing reputation as one of the world’s leading financial centres. “Don’t worry. Others will still come to Hong Kong after Alibaba” was the main message heard at the time....