Posts filtered by tags: IDG Capital[x]


 

As Airbnb and Instacart gear up for rumored IPOs, here are the VC firms that have made the most early investments in billion-dollar startups

A new report from CB Insights showed SV Angel and Y Combinator as the top seed-stage and Series A investors in billion-dollar startups. Of the top five firms with early investments in "unicorn" startups, three invested in home rental startup Airbnb and grocery delivery service Instacart, both of which are rumored to go public in 2019. A unicorn typically refers to a privately-held tech startup that is valued at or above $1 billion. According to CB Insights, there are 344 of these unicorns in t...
Tags: Y Combinator, Top, Ipo, Trends, Silicon Valley, Airbnb, Andreessen Horowitz, Instacart, Sv Angel, Cb Insights, PitchBook, Sequoia Capital China, IDG Capital, Airbnb Instacart, DoorDash Top, Instacart Top


China’s Tesla wannabe Xpeng starts ride-hailing service

There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming decades. Indeed, Tesla is eyeing to launch its first robotaxis in 2020 as part of a broader ride-sharing scheme. Over in China where Tesla has a few disc...
Tags: Transportation, Asia, Hong Kong, Elon Musk, New York, China, Cars, Tech, Tesla, Beijing, Automotive, Alibaba, Transport, Electric Car, Carsharing, Foxconn


Tencent’s latest investment is an app that teaches grannies in China to dance

Besides churning out video games for China’s young generations, Tencent has also been attuned to the need of silver-haired users: its latest bet is an app that teaches middle-age and elderly users, most of whom are female, how to dance. Called Tangdou, or “sugar beans” in Chinese, the app announced on Monday that it’s raised a Series C funding round led by Tencent with participation from existing investors GGV Capital and Xiaomi founder Lei Jun’s Shunwei Capital, as well as IDG Capital. The fina...
Tags: Asia, Entertainment, China, Funding, Tech, Xiaomi, Tencent, Lei Jun, Mobile Internet, Ggv Capital, Shunwei Capital, Senior Citizen, Jenny Lee, IDG Capital, Tangdou, Tangdou Clad


A Japanese Crypto Startup Says It’s Hit a Rare $1 Billion Valuation

The startup has secured funding from investors including venture fund IDG Capital and crypto mining giant Bitmain Technologies Ltd., it said in the statement, but in a somewhat unusual step didn’t disclose how much money it had taken in. Liquid has commitments for about $50 million, according to a person familiar with the matter, a relatively small amount for such a lofty valuation. Startup valuations are viewed skeptically if the amount of capital raised is less than 10 percent.
Tags: Science, IDG Capital, Bitmain Technologies Ltd


Cryptocurrency platform Liquid.com picks up funding

IDG Capital led the Series C round for Liquid.com, a global cryptocurrency platform. The funding puts the company at a valuation of over $1 billion. Source: Press Release
Tags: Trends, VC Deals, IDG Capital


Crypto exchange Liquid says it is now valued at over $1 billion following new investment

Crypto has a new unicorn after exchange Liquid announced today it has raised capital from investors at a valuation of more than $1 billion as it goes after expansion opportunities. The company said the capital will be put to work expanding into new markets and offering new services, including — potentially — a platform for security tokens. Liquid isn’t commenting in much detail about this new financing, but here’s what we do know: it’s Series C round that remains ongoing albeit with an undisclos...
Tags: Travel, Asia, Hong Kong, Japan, Southeast Asia, Singapore, Mining, Philippines, Vietnam, Cryptocurrencies, Coinbase, Cryptocurrency, Malta, Unicorn, Jafco, Bitmain


Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs including two of China’s up-and-coming startups that are challenging the country’s internet establishment — they are Meituan, the super app firm that speciali...
Tags: Fundings & Exits, Asia, Twitter, Social Networks, Finance, China, India, Funding, Tech, E-commerce, United States, Alibaba, Silicon Valley, Airbnb, Alibaba Group, Lightspeed Venture Partners


Online tutoring platform Yuanfudao racks up $300 mln: TechCrunch

China-based Yuanfudao, an online tutoring platform, has secured $300 million in funding, according to TechCrunch. Tencent led the round with participation from other investors that included Warburg Pincus, Matrix Partners China and IDG Capital. The tech news site reported that the latest capital infusion will put the company at a $3 billion valuation.
Tags: China, Trends, VC Deals, IDG Capital, Yuanfudao, Warburg Pincus Matrix Partners China, TechCrunch Tencent


Tencent-backed homework app jumps to $3B valuation after raising $300M

Academic exams are a big deal in China as they determine the kind of universities, high schools and elementary schools that students get into and to a degree, the future that awaits them. Parents are thus willing to invest generously to help their children get ahead in school. One startup capitalizing on this need is Yuanfudao, a six-year-old startup that has attracted a line of big-name investors. The company announced this week that it has raised $300 million in a funding round led by exist...
Tags: China, Singapore, Tech, Tencent, Zuoyebang, Temasek, Tencent China, Goldman Sachs Another, IDG Capital, Yuanfudao, Warburg Pincus Matrix Partners China, Baidu Coatue Management Sequoia Capital China, Yiqizuoye


Another crypto exchange goes old school as KuCoin raises $20M from VCs

I’ve said it before but I’ll say it again: one of the biggest trends in crypto this year is companies raising money the old fashioned way through venture capitalists. Hot on the heels of Binance raising money from Singapore’s Vertex Ventures, so KuCoin, a relatively new crypto exchange, has pulled in $20 million. The money comes from two big name investors — IDG Capital and Matrix Partners — and the venture capital arm of Chinese crypto organization Neo, and it’ll be used to expand KuCoin’s glob...
Tags: Fundings & Exits, Asia, Hong Kong, Europe, New York, Singapore, Funding, Tech, Alibaba, Neo, Cryptocurrency, Blockchain, Matrix Partners, Gan, Dex, Vertex Ventures


Chinese online entertainment service iQIYI fetches Series A funding

iQIYI Inc, an online entertainment service in China, has closed its Series A funding round, raising a total of RMB 850 million (about $124 million). The investors were China Sports Capital, a joint venture between CMC Capital Partners and Sequoia Capital; Yao Capital; IDG Capital; and Hui Ying Bo Run. Source: Press Release
Tags: China, Trends, Sequoia Capital, VC Deals, IDG Capital, CMC Capital Partners, Yao Capital, iQiyi Inc, Hui Ying Bo Run Source


Ethereum wallet imToken raises $10M Series A from IDG to expand in the U.S., Asia and Africa

imToken, which claims to be the world’s largest Ethereum wallet, will focus on expanding in Asia and the United States after raising a $10 million Series A from IDG Capital, it announced today. The capital will also be used to add new features, including support for Bitcoin, EOS and other blockchains. imToken is the latest addition to IDG Capital’s cryptocurrency investments, which include Coinbase and Circle. In a press statement, global chairman Hugo Shong said “imToken has developed its produ...
Tags: TC, Asia, China, Southeast Asia, India, Nigeria, Africa, Tech, United States, Ethereum, Hangzhou, Digital Wallet, Cryptocurrency, Blockchain, Korea Japan, IDG


Volcanics Venture raises $72.8 mln for venture-capital fund

Volcanics Venture has raised $72.8 million toward a $100 million venture-capital fund, according to a filing with the SEC. The Shanghai-based firm is managed by IDG Capital veterans Suyang Zhang, Ying Wu and Yeshun Dong. Fourteen LPs contributed capital. The filing is available here.  
Tags: Trends, Shanghai, SEC, Funds, IDG Capital, Volcanics Venture, Suyang Zhang Ying Wu, Yeshun Dong Fourteen LPs


Circle Grabs $110M, Will Launch U.S. Dollar-Backed Cryptocurrency

The founders of Circle Internet Financial have a lofty vision for the nascent world of cryptocurrencies and blockchain systems—and their startup’s role in it. Now, they have more resources to try and execute that vision. Boston-based Circle announced Tuesday it raised $110 million in a Series E equity funding round, and it plans to launch a new cryptocurrency pegged to the price of the U.S. dollar and backed by reserves of the fiat currency. The new funding was led by Bitmain Technologies...
Tags: Startups, China, Boston, Trends, Vc, Software, Bitcoin, Goldman Sachs, Baidu, Cryptocurrencies, Fintech, Centre, Cryptocurrency, Blockchain, Accel, General Catalyst Partners


Kr Space raises $94.6 mln

Kr Space said March 5 that it raised 600 million china yuan ($94.6 million) in a funding round. Kr Space, of Beijing, is a benchmark co-working space company. Kr Space did not disclose investors. PRESS RELEASE BEIJING, March 5, 2018 /PRNewswire/ — Kr Space, China’s benchmark co-working space company, raised 600 million CNY in a new round of funding this February. It’s the biggest single cash investment in China’s co-working space industry. Kr Space is accelerating the portfolio expansion with a ...
Tags: China, Trends, Beijing, Asia Pacific, Shanghai, Baidu, Gobi Partners, Taobao, VC Deals, Didi Chuxing, Lujiazui, IDG Capital, Kr Space, Beijing Financial Street Beijing Wangfujing, Shanghai Lujiazui Century Link Tower, Pudong District Shanghai China


XPENG Motors raises $348m in Series B funding round

Electric vehicle manufacturer XPENG Motors has raised RMB2.2bn ($348m) in Series B capital funding with Alibaba, Foxconn and IDG Capital, as joint-major investors.
Tags: Alibaba Foxconn, IDG Capital, XPENG Motors


Chinese electric car startup XPENG Motors drives off with about $348 mln

XPENG Motors, a Chinese electric car startup, has raised RMB 2.2 billion (about $348 million) in Series B funding. The lead investors were Alibaba Group, Foxconn and IDG Capital with participation from other investors that included Yunfeng Capital and China International Capital Corporation Limited. Source: Press Release
Tags: Trends, VC Deals, IDG Capital, XPENG Motors, Alibaba Group Foxconn


Alibaba, Foxconn lead $350 million funding in electric car startup: Reuters

BEIJING (Reuters) – Alibaba Group Holding Ltd and Foxconn Technology Co Ltd have led a 2.2 billion yuan ($347.74 million) funding round in Chinese electric car maker Xiaopeng Motors as competition escalates in the new energy vehicle (NEV) market. The latest injection brings the startup company’s total funding to 5 billion yuan, it said in a statement. It follows an earlier round in December in which Alibaba also participated. Xiaopeng, which debuted its electric car at CES in Las Vegas this mont...
Tags: China, Trends, Beijing, Alibaba, Las Vegas, Yuri Milner, Reuters, Ford Motor Co, REUTERS Alibaba Group Holding Ltd, Nev, Alibaba Foxconn, Foxconn Technology Co Ltd, VC Deals, Tesla Inc, IDG Capital, Xiaopeng Motors


These are 7 of the hottest startups that launched in 2017 (AAPL, GOOGL, AMZN)

This year has been a tough one for many young companies. But the problems faced by the founders, investors, and managers of companies such as Uber, Snap, and Blue Apron hasn't dissuaded other entrepreneurs from building new companies with the hope of disrupting existing industries or garnering a coveted billion-dollar unicorn valuation.  Among the rookies were these seven companies, all of which either raised their first round of funding or launched their first product in 2017. Each company sta...
Tags: Apple, Amazon, New York, San Francisco, Trends, Ford, Andreessen Horowitz, Google Ventures, Cylance, Greylock Partners, Cto, PitchBook, Ben Johnson, Sharkey, Obsidian, Glenn Chisholm


Chinese firms eye U.S.-based Learning Care valued at up to $1.6 billion, say sources: Reuters

Chinese suitors have indicated their interest in buying U.S. child care provider Learning Care Group (LCG) that has been put on the block by its private equity owner and could fetch up to $1.6 billion, said people with knowledge of the matter. The second largest for-profit early education and care provider in North America has drawn interest from venture capital firm IDG Capital and Bright Scholar Education Holdings (BEDU.N), which is backed by property tycoon Yeung Kwok-keung, said one of the p...
Tags: New York, China, Trends, United States, Michigan, North America, Morgan Stanley, Reuters, Baidu Inc, American Securities LLC, IDG, Yeung, PE Deals, American Securities, IDG Capital, Meitu Inc


IDG Capital targets $589 mln for fifth China fund

IDG China Venture Capital is aiming to raise $588.8 million for its fifth fund, according to a regulatory filing. Hong Kong-based IDG Capital has invested in Chinese technology since the 1990s, according to its website, including search engine Baidu and film studio Legendary Pictures. The firm is led by Quan Zhou and Chi Sing Ho.
Tags: Hong Kong, China, Trends, Funds, Baidu, IDG Capital, IDG China Venture Capital, Quan Zhou


IDG Capital to raise $589 mln fifth Chinese venture capital fund

IDG Capital has set out to raise a $589 million fifth Chinese venture capital fund, according to a filing with the SEC. No first close was reported. The filing can be found here.    
Tags: Trends, SEC, Funds, IDG Capital


China’s JD.com to invest $397 million in UK fashion retailer Farfetch: Reuters

JD.com Inc (JD.O), China’s No.2 e-commerce firm, said it would invest $397 million in fashion retailer Farfetch UK Ltd to expand its luxury offerings, amid fierce competition with Alibaba Group (BABA.N) for China’s high-end retail market. JD will become a major shareholder in the UK firm following the transaction and its CEO Richard Liu will join Farfetch’s board, it said in a statement. Farfetch will be integrated into JD’s existing logistics and marketing systems and the former will also emplo...
Tags: UK, France, China, Trends, Alibaba, Temasek, Farfetch, Reuters, Neves, VC Deals, Richard Liu, IDG Capital, José Neves, Farfetch UK Ltd, Alibaba Group BABA N for China, Winston Cheng


Hesong Tang’s maiden venture fund raises $261 mln

Hesong Tang has raised $261 million for a maiden fund, Xiang He Fund I, according to a filing with the SEC. Tang also raised the target for the fund to $300 million from $250 million. Twenty-three LPs have participated. Tang is a former venture partner at IDG Capital and former vice president at Baidu. The filing can be found here.
Tags: Trends, Funds, Baidu, Tang, Emerging Managers, IDG Capital, Hesong Tang, SEC Tang


China Oceanwide completes IDG acquisition

China Oceanwide Holdings Group Co Ltd has acquired Boston-based tech publisher International Data Group. According to terms of the deal, China Oceanwide has a 90 percent ownership stake in IDG’s operating businesses, which include International Data Corporation and IDG Communications with IDG Capital holding the remaining 10 percent stake. Also, as a result of the closing, China Oceanwide now has a minority stake in IDG Ventures. No financial terms were disclosed. PRESS RELEASE BEIJING, March 30...
Tags: China, Boston, US, Trends, Beijing, M&a, Idg Ventures, Beijing China, Committee on Foreign Investment, International Data Corporation IDC, IDG, China Oceanwide Holdings Group Co Ltd, Walter Boyd, International Data Corporation, IDG Communications, International Data Group According