Xiaomi’s 1st investment in India is in content,…

Major Chinese smartphone manufacturer Xiaomi led a USD 25 million round of financing for Indian online music and movie provider Hungama on Monday. This was Xiaomi’s first investment in India. “With this investment, we intend…

Alibaba affiliate buys its way into China’s lottery…

[caption id="attachment_6454" align="aligncenter" width="600"] Picture from Sina Sports[/caption] Alibaba has now set its sights on China's lottery market, with its financial affiliate Ali Fortune becoming a major shareholder of the Hong Kong-listed company Asia Gaming…

Top 3 types of real estate services with…

[caption id="attachment_5551" align="aligncenter" width="600"] Lei Jun, Xiaomi CEO. From Baidu Images.[/caption] Known as China’s “Apple”, smartphone maker Xiaomi, is world’s most valuable startup with a USD 45 billion valuation. Its CEO Lei Jun has been building…

Qihoo 360 will pay USD 48 million for…

  The group of Chinese companies including Qihoo 360 and Kunlun Tech that bid USD 1.2 billion for Internet browser developer Opera has confirmed the proportion that each party will pay. Internet security company Qihoo…

China Merchants Bank invests in Didi Kuaidi to…

[caption id="attachment_5760" align="aligncenter" width="700"] Jean Liu, president of Didi Kuaidi. By Catherine Lai[/caption] Jean Liu, president of Didi Kuaidi, the Chinese ride-hailing giant, announced a strategic partnership with China Merchants Bank (CMB) today in Beijing,…

Chinese mobile lending platform Welab raises USD 160M…

[caption id="attachment_5640" align="aligncenter" width="700"] From Baidu Images.[/caption] Chinese leading mobile lending platform WeLab announced that it has raised RMB one billion (USD 160 million) in Series B financing led by Malaysian sovereign fund Khazanah Nasional…

Chinese artificial intelligence company to receive USD 7…

[caption id="attachment_5637" align="aligncenter" width="700"] From Baidu Images.[/caption] Chinese artificial intelligence company Guangnian Wuxian has signed a contract with animation company Alpha Animation to receive RMB 50 million (USD 7.6 million) of investment from Alpha Animation,…