Cate Cadell
Stories by Cate Cadell
Meituan-Dianping to buy large stake in Chinese bike-sharing major Mobike
The deal was brokered by Pony Ma, chief executive of Tencent Holdings, a backer of both companies.
Alibaba to fully acquire $9.5b food delivery app Ele.me
The acquisition enlarges Alibaba's food delivery empire, which includes delivery platform Koubei, as it competes with Meituan-Dianping.
Chinese bike-sharing firm Ofo raises $866m in Alibaba-led round
Ofo claims it's the largest investment garnered in a single round by a bike-sharing startup.
China: Pharma startup XtalPi raises $15m led by Sequoia, joined by Google, Tencent
XtalPi uses AI, cloud computing and quantum physics to improve drug design processes.
Google leads $120m round in Chinese e-sports firm Chushou
The investment is Google's second-ever in a Chinese startup.
Chinese ride-sharing firm Didi Chuxing raises $4b in new funding round
The round values the firm at close to $50 billion and was joined by existing backer SoftBank.
China’s Tencent, JD.com invest $863m in online retailer Vipshop
The deal comes as Tencent pushes into retail, leveraging its relationship with JD.com and popular app WeChat.
Targeting local talent pool, Google opens AI research center in China
The new center will join a list of similar ones operating in New York, Toronto, London and Zurich.
Amazon expands cloud unit in China with new local partner Ningxia
The move comes a month after AWS said it will sell the hardware assets of its Beijing-registered cloud unit for up to 2 billion yuan ($302.06 million)
Chinese investor lifts stake in Dialog Semi to over 7%
The investment vehicle is owned by Tsinghua Unigroup Ltd, China's top state silicon chipmaker.
