May 9, 2018 Intel Capital, the global investment arm of Silicon Valley-headquartered Intel Corporation, has invested in three Chinese technology startups as part of its 12 new technology investments totaling $72 million. During the Intel Capital Global Summit in California, Intel Capital said it has invested in Chinese tech startups Reconova, Alauda, and Espressif Systems.… Continue reading 3 Chinese technology startups secure funding from Intel Capital
Author: Deal Street Asia Online News
China’s SF Express invests $100m in US freight forwarder Flexport
April 30, 2018 Chinese express delivery firm SF Express has invested $100 million in US-headquartered Flexport, a full-service global freight forwarder and logistics platform named last year by Forbes as one of the 25 next billion-dollar startups. SF Express, China’s leading courier company, now joins existing investors, including First Round Capital, Bloomberg Beta, Founders Fund,… Continue reading China’s SF Express invests $100m in US freight forwarder Flexport
Baidu launches $500m fund to support internet, AI startups
April 29, 2018 Chinese internet group Baidu is setting up a $500-million growth-stage fund that will invest in internet and artificial intelligence (AI) technology startups, according to a report by Chinese news site The Paper. The fund, dubbed Changcheng Investment Partners, will be an independent and market-oriented fund with average cheque amount ranging from $20… Continue reading Baidu launches $500m fund to support internet, AI startups
India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell
May 1, 2018 Mahindra and Mahindra has acquired a 10 per cent stake in Canadian firm Resson Aerospace Corp, while oncology chain HealthCare Global Enterprises Ltd has picked up 12 per cent stake in International Stemcell Services Ltd. M&M acquires stake in Canada’s Reason for $5.17m Automotive major Mahindra and Mahindra Ltd has agreed to acquire a 10… Continue reading India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell
Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
April 30, 2018 Volkswagen AG, the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi‘s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed… Continue reading Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
Battery startup EcoFlow raises over $4m Series A from Chinese investors
April 30, 2018 EcoFlow, a battery startup company based in San Francisco and China, has raised over $4 million Series A from Delia Capital, SCUD Group, Guangzhou Penghui Energy and Chunjia Assets, the company announced on April 27. EcoFlow said it will use the proceeds to expand R&D and sales, further deploy energy storage products, and… Continue reading Battery startup EcoFlow raises over $4m Series A from Chinese investors
China’s BAIC Motor to raise $422m via share sale for working capital
April 25, 2018 BAIC Motor Corporation Ltd said on Wednesday it planned to sell new shares for HK$3.3 billion ($422 million) to replenish funds for working capital. The automaker said it would sell 420 million shares or 5.2 percent of its enlargedshare capital to third party investors. They will be sold at HK$7.89 apiece, or… Continue reading China’s BAIC Motor to raise $422m via share sale for working capital
Go-Jek, Singapore’s ComfortDelGro said to be in talks for potential collaboration
April 24, 2018 Indonesia’s ride-hailing giant Go-Jek has held talks with Singapore’s largest taxi operator, ComfortDelGro, for a potential collaboration between the two companies, according to report by TechCrunch. Should Comfort agree to team up with Go-Jek, it would replace the partnership it had with Uber sealed in December, which has effectively been annulled following… Continue reading Go-Jek, Singapore’s ComfortDelGro said to be in talks for potential collaboration
NIO Capital nears completing first round of $500m auto fund to tap new tech
April 22, 2018 NIO Capital, the investment firm backed by Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. The company is discussing with sovereign-wealth funds, energy and insurance companies… Continue reading NIO Capital nears completing first round of $500m auto fund to tap new tech
China’s state-owned FAW Group to invest in electric vehicle startup Byton
April 20, 2018 China’s state-owned automaker FAW Group agreed to invest a “significant amount of money” in Chinese-funded electric vehicle startup Byton, the startup’s co-founder and chief executive, Carsten Breitfeld, said on Friday. Byton would not disclose the scale of FAW’s investment, but Breitfeld, a former BMW executive, said FAW’s stake in Byton “will be… Continue reading China’s state-owned FAW Group to invest in electric vehicle startup Byton