In this episode of China Money Podcast, our host Nina Xiang talks to reporter Viola Zhou, about Tesla Motor’s China expansion and the challenges the innovative American company is likely to face in the world’s largest automobile market. You can read Viola Zhou’s investigative story here, or listen to the audio podcast. Be sure to… Continue reading Will Tesla’s China Story Lose Its Charge?
Author: China Money Network Online News
N5 Capital Leads $10M Series A Round In Che101
Beijing-based second-hand automobile trading platform Che101 has completed US$10 million series A funding led by N5 Capital, according to Chinese media reports. Existing investor Lightspeed Venture Partners also participated in the round. Che101 previously received several million U.S. dollar investment from Lightspeed. The company says it plans to expand its used car database to 50… Continue reading N5 Capital Leads $10M Series A Round In Che101
Sequoia, Joy Capital Joins $500M Round In NextEV
Shanghai-based Chinese electric vehicle maker NextEV has reportedly raised US$500 million from Sequoia Capital, Joy Capital and unnamed investors. Chinese media reports say the company plans to produce a more economical and environmentally friendly electric vehicle to rival Tesla in the U.S. China Money Network cannot verify the news and the financing deal value. Founded… Continue reading Sequoia, Joy Capital Joins $500M Round In NextEV
Ceyuan, Shunwei Lead $20M Series B In RenRenChe.Com
Beijing-based used car online transaction platform RenRenChe.com has completed US$20 million series B financing led by Ceyuan Ventures and Shunwei Capital, according to the company’s Weibo account. Existing investor Redpoint Ventures also participated. The latest round values the company at US$150 million. Founded in April 2014, RenRenChe.com received US$5 million series A from Redpoint at… Continue reading Ceyuan, Shunwei Lead $20M Series B In RenRenChe.Com
Hillhouse Leads $50M Series B In India’s CarDekho.Com
Asia-focused alternative investment management firm Hillhouse Capital Management has led US$50 million series B financing round in Indian automobile classified ads web platform CarDekho.com, according to a company announcement. Tybourne Capital and Sequoia Capital also participated in the round, which increased the valuation of CarDekho’s parent company, Girnar Software, to approximately US$300 million. “We see… Continue reading Hillhouse Leads $50M Series B In India’s CarDekho.Com
SAIC Capital Leads New Funding Round In SDC Materials
Tempe, Arizona-based automotive material maker SDC Materials, Inc. has completed an undisclosed round of new financing led by SAIC Capital, the venture capital investment arm of Chinese car maker SAIC Motor Corporation, according to a company announcement. Existing investors, including General Motors Ventures, BASF Venture Capital, Volvo Group Venture Capital, Invus Financial Advisors and Emerald… Continue reading SAIC Capital Leads New Funding Round In SDC Materials
Faraday Future Reportedly Seeks $1B To Protect Itself From LeEco Cash Crunch
Faraday Future, a Los Angeles based smart electric car company backed by Jia Yueting, founder of Chinese technology conglomerate LeEco, is reportedly seeking a new funding round of US$1 billion from large-scale investors including sovereign wealth funds, according to media reports citing insiders. Jia Yueting, who previously injected roughly US$500 million of his own money… Continue reading Faraday Future Reportedly Seeks $1B To Protect Itself From LeEco Cash Crunch
Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla
Across China’s 9.6 million square kilometers of land, there was never a shortage of ambition. So too with the electric vehicle revolution. Despite being a late comer to the EV craze, the country’s start-ups are not shy about aiming high. At least half-a-dozen Chinese EV start-ups – not including traditional car makers going green –… Continue reading Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla
3i Group Sells Auto Parts Maker To China’s AVIC
London-headquartered middle-market private equity firm 3i Group plc says it has sold its portfolio company Hilite International, a global supplier of highly engineered automotive engine and transmission components, to Chinese state-owned aerospace and industrial company Aviation Industry Corporation of China (AVIC), according to an announcement made by 3i. The US$18.5 billion-under-management 3i Group will receive… Continue reading 3i Group Sells Auto Parts Maker To China’s AVIC
Warburg Pincus, Tiger Global Lead $260M Series C In Youxinpai
Beijing-based used-car online auction platform Youxinpai has raised US$260 million series C round of financing led by private equity firm Warburg Pincus and New York-based investment firm Tiger Global Management LLC, according to a company announcement. Other undisclosed investors also participated in the round. Launched in 2011, Youxinpai previously raised two rounds of financing from… Continue reading Warburg Pincus, Tiger Global Lead $260M Series C In Youxinpai