Category: News

Twitch Of China Does NYSE IPO, Tesla Killer in China Revs Up

The Twitch of China, HUYA, went public last Friday on the NYSE, buoyed by major Chinese backers Tencent and social entertainment company YY, which together own 75.7 percent of the newly listed company’s shares. HUYA raised $180 million in the IPO and was trading up 30 percent at mid-day, as one of a series of Chinese...

Sinovation, Sky9 New Funds Reach For VC Ceiling, Others In Works

More China funds are popping up as venture capital tilts away from the Silicon Valley epicenter and toward emerging Chinese tech startups. Sinovation Ventures debuted a $500 million fourth fund while Sky9 Capital launched a $200 million third fund. Sinovation Ventures, led by AI guru and former Google China executive Kai-Fu Lee, is investing in artificial intelligence, robotics and education startups....

Qiming’s New Pot Of Gold, Tencent, Alibaba Flooding Market With Deals

In more fund news, NIO Capital, linked to innovative, low-priced Chinese electric vehicle maker NIO, is reportedly closing in on a $500 million offshore fund to invest in automotive technologies. It’s part of China’s drive to become the Detroit of electric cars. Tencent and Alibaba are continuing to lead deal flow in China. Alibaba has led...