Quan Zhou, managing director of IDG Capital, a major
Chinese venture capital company, commented that IDG Capital «looks forward to helping launch the company in the Chinese market where consumer adoption of innovative digital payment products is growing at a tremendous rate.»
Not exact matches
More generally, other
Chinese companies will look at strategic investments in tech startups, much the way Google and Intel do now through their
venture capital arms.
«
Chinese companies and investors see an opportunity [in Silicon Valley],» says David Zilberman, a partner at Comcast Ventures, the
venture capital affiliate of Comcast Corp., in San Francisco.
Chunyu, a
Chinese mobile healthcare app
company that connects patients and doctors, raised $ 50 million from China International
Capital Corporation (CICC), Rushan
Venture Capital under DunAn Holding Group, Pavilion
Capital run by Temasek, and BlueRun Ventures, and HealthEdge, a provider of a cloud - based or on - site integrated financial, administrative and clinical software platform for healthcare payers focusing on medical claims and benefits management brought in $ 30 million
Quanergy, a
company that works on the light - detecting sensors used in driverless cars, raised financing last summer that included funds from the partly state - backed
Chinese venture fund GP
Capital.
The
company passed a minor milestone today, announcing its separate
Chinese subsidiary Uber China has closed a series B round of
venture capital funding.
The Economic Times reported that Walmart has reached agreements with Tiger Global Management, the New York investment firm; Naspers, the South African media conglomerate; Accel, the
venture capital firm and Tencent Holdings, the
Chinese company, to purchase their stakes in Flipkart.
This was made evident, when, for example, a
Chinese construction
company listed on the TSX
Venture Exchange in a $ 60 million transaction and raised much need expansion
capital at the very bottom of the stock market, in early March 2009.
Sponsors and supporters of the event include prominent figures and firms in the blockchain and fintech space, including Digital Currency Group, a
venture capital company focusing on the digital currency market, ether.camp, CHBTC, Dianrong, Gingkoo, as well as
Chinese cryptocurrency exchange platforms BTC38 and 33.
The Menlo Park
company is funded by the Venrock
venture capital firm and by
Chinese investors including Jia Yueting.
An equity exchange headquartered in Beijing is partnering with a group of
Chinese crowdfunding and
venture capital companies to launch a new blockchain research lab.
FenBuShi is the first
Chinese venture -
capital fund dedicated to supporting
companies building use cases of blockchain technology.
The Huiyin Group, a multibillion - dollar
Chinese investment
company, has announced the launch of a subsiduary called Huiyin Blockchain
Venture capital (HBV) that will be focused on the Blockchain sector.
The investors that contributed $ 60 million include Breyer
Capital and IDG
Capital Partners
venture companies, CICC Alpha corporation, Fenbushi
Capital venture foundation, specialising in blockchain startups, Everbright Investments and Creditease Fintech investment foundations (the latter is the largest p2p lending
company in the world) and Baidu, the top
Chinese search engine.