SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in Chinese. The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales […]
View More SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup ChehaoduoCategory: online marketplace
China’s Alipay digital wallet is entering 7,000 Walgreens stores
China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing to reach a roster of 7,000 locations by April. The alliance will […]
View More China’s Alipay digital wallet is entering 7,000 Walgreens storesFoot Locker invests $100 million in GOAT Group
Foot Locker, the mostly mall-bound retailer of mass market sneakers, has invested $100 million in the sneaker marketplace and retailer of primarily rare and exclusive high-end athletic and lifestyle shoes, GOAT Group. The companies said that the investment would eventually lead to Foot Locker and Goat Group combining their efforts across their digital and physical […]
View More Foot Locker invests $100 million in GOAT GroupSequoia-backed NEXT gets $97M as investment in logistics heats up
NEXT plans to use the investment to fill 150 positions in 2019, as well as complete the launch Relay, a new service targeting the “systemic congestion” at shipping ports.
View More Sequoia-backed NEXT gets $97M as investment in logistics heats upRedpoint Ventures is raising another $400M to invest in Chinese companies
Redpoint Ventures is doubling down on China. The firm, headquartered in Menlo Park, has filed documents with the U.S. Securities and Exchange Commission to raise $400 million across two new China-focused funds. The firm has set a $300 million target for its second flagship China fund, a significant increase from the $180 million it garnered […]
View More Redpoint Ventures is raising another $400M to invest in Chinese companiesAuto marketplace CarDekho grabs $110M to double down on insurance and financial services
CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. […]
View More Auto marketplace CarDekho grabs $110M to double down on insurance and financial services20 startups take center stage at Berkeley SkyDeck’s demo day
A robot that can clean your house, a blockchain-powered social network and 18 other startups presented to investors at SkyDeck’s 8th demo day.
View More 20 startups take center stage at Berkeley SkyDeck’s demo dayJennifer Garner’s baby food company Once Upon a Farm raises $20M Series B
Once Upon a Farm’s business has grown 10x since actress Jennifer Garner signed on as chief brand officer last year.
View More Jennifer Garner’s baby food company Once Upon a Farm raises $20M Series BUnderstanding Renaud Laplanche’s next Upgraded act
Renaud Laplanche spent ten years building LendingClub. In the process, he created an industry from scratch. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. But LendingClub, which Laplanche founded in 2007, was and remains the poster child for the business of marketplace […]
View More Understanding Renaud Laplanche’s next Upgraded actWalmart brings its partnership with JD.com into the food business
Walmart is bringing its partnership with JD.com into its grocery business. The Chinese physical store will stock products that customers can also buy through its Walmart’s virtual storefront on the Chinese electronic marketplace, JD.com, according to a report in Reuters. Walmart first partnered with JD.com two years ago as both companies struggled to overcome the […]
View More Walmart brings its partnership with JD.com into the food business