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 […]
View More Lightspeed announces new $560 million fund for ChinaCategory: IDG Capital
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 […]
View More Tencent-backed homework app jumps to $3B valuation after raising $300MAnother 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, KuCoin, a relatively new crypto exchange, has pulled in $20 million. The money comes […]
View More Another crypto exchange goes old school as KuCoin raises $20M from VCsChina is funding the future of American biotech
Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science and biotech companies. In fact, Chinese venture firms have invested more this […]
View More China is funding the future of American biotech