Qiming’s New Pot Of Gold, Tencent, Alibaba Flooding Market With Deals
Automated scooter rentals have caught on in India, as reports surface that scooter-sharing startup Vogo is raising funds from ride-sharing leader Ola.
HelloGold, a Sharia-compliant platform for trading gold, has snared its first funding, from 500 Startups in Malaysia.
Showing that the Silicon Valley is spreading, Rise Capital has led a $15 million, Series B round in GAIA, a furniture brand in Mexico that integrates online and offline shopping. It’s a retail trend that started in China, and is growing popular elsewhere.
NOTEWORTHY
Of note, Beijing-based startup Yitu Technology is making an impression on the artificial intelligence community with its facial recognition software that is capable of identifying 1.2 billion faces. Its real-time video service was used for public security at the recent Bao Forum and the G20 Summit. China’s police are using the startup’s eyeglass camera system, Smart Glasses to catch criminals. Could this technology go global?
Rankings are in! CBI Insights has compiled its own list of the top 100 venture capitalists. Several familiar pros from China made the rankings, which were compiled using machine learning and old-fashioned research: Neil Shen, Hurst Lin, Jenny Lee, Hans Tung, David Chao, Jixun Foo and JP Gan.