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...

Silicon Valley challenger China is catching up to US lead for venture deals. WeWorks buys NakedHub in China.

China broke through on the Forbes Midas List 2017 with 16 China venture capitalists and seven Chinese startup unicorns factoring in the rankings. This should not be a surprise considering that China’s VC market has grown to $65 billion in 2017, nearing the U.S. at $71 billion. And that China accounts for 62 of the world’s...

Baidu’s $2.2 Billion IPO of video streamer iQIYI cheers Robin Li but others not so sure U.S. investors understand and have interest in China tech ADRs.