Qualcomm Inc. has invested an undisclosed amount in 7invensun, a Chinese company focused on eye-tracking and eye-control techniques, according to a company announcement. Founded in 2009, 7invensun owns core independent intellectual property rights of its eye-tracking technology. 7invensun's founder & CEO Huang Tongbing has an aerospace background, which has led him to develop the eye-tracking […]
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Chinese investors, including property developers, have spent over US$1 billion in the past two years on European football clubs, reaping dividends from instant global branding and recognition. The onslaught into the European football scene gathered pace in 2014 after President Xi Jinping, a Manchester United fan, unveiled his strategy to make China "a world football […]
A unit of Foxconn Technology Group has invested US$120 million in Chinese ride-hailing giant Didi Chuxing in exchange for a 0.355% stake in the company, valuing the company at US$34 billion. The valuation is 28% higher than three months ago when Didi Chuxing completed a new US$4.5 billion funding round in June. Apple Inc., China […]
Brett Krause, former president of J.P. Morgan Chase Bank (China) Co., Ltd., has joined Chinese venture capital firm PurpleSky Capital LLC as managing partner, according to the firm's website. Krause will help the Shanghai-based early state investment firm expand investments in the mobile Internet, SaaS, e-commerce, online gaming and other tech sectors. Wanting to get […]
Southern China-based WeLab has secured US$25 million to focus on the company's fintech business in Hong Kong. ING Bank, an …
Another Chinese co-working space start-up has raised venture funding. CDH Investments has led a RMB200 million (US$30 million) series A round in Shanghai-based Fountown, a WeWork copycat. Gopher Asset Management and Huazhu Hotels Group also participated in the round, which reportedly values the 17-month-old start-up at RMB1 billion. Founded in April 2015, Fountown currently operates […]
Most people think of Yunfeng Capital as a private equity firm run by Alibaba Group Holding Ltd.'s chairman Jack Ma. But it has two co-founders, with the other key backer, Chinese entrepreneur David Yu, often unjustly overlooked. Yunfeng, named after the two men (with Yun coming from Ma Yun, Jack Ma's given name in Chinese, […]