Investment Archives - Pandaily

Insta360 Founder Expresses Frustration Over Delayed IPO Approval

Pandaily — Thu, 15 Aug 2024 02:50:54 +0000

On August 15th, Insta360 founder Liu Jingkang voiced his frustration on social media over the lack of IPO approval since 2022's on-site verification, seeking fair treatment from regulatory bodies.

Autonomous Driving Chip Manufacturer Black Sesame Intelligent Plans to Raise up to 1.12 Billion HKD in IPO

Pandaily — Wed, 31 Jul 2024 02:42:00 +0000

The company aims to issue 37 million shares with a proposed price range of 28.00 to 30.30 Hong Kong dollars per share. If successful, this could raise up to 1.12 billion HKD.

Blackstone Expands Shanghai Office, Signaling Increased Investment in China

Pandaily — Wed, 13 Dec 2023 14:32:33 +0000

Blackstone (Shanghai) Private Equity Fund Management Co., Ltd., a subsidiary of the global asset management giant Blackstone, has recently expanded its Shanghai offices.

Qatar Investment Authority Acquires 4.26% Stake in Kingdee with $200M Investment

Pandaily — Mon, 11 Dec 2023 12:41:35 +0000

Kingdee International Software Group Co., Ltd. announced on December 10 that it had inked a final agreement with the Qatar Investment Authority (QIA).

Leadership Transition at Warburg Pincus China, President Wei Zhen Steps Down

Pandaily — Tue, 05 Dec 2023 10:37:00 +0000

On December 4, Warburg Pincus officially announced that Wei Zhen will step down as the President of Warburg Pincus China. Fang Min and Zhou Lang will assume the roles of Co-Presidents of Private Equity Investments in China for Warburg Pincus.

Meituan Invests in Galaxy Bot Company

Pandaily — Fri, 27 Oct 2023 06:23:28 +0000

Recently, Galaxy Bot underwent a business change, with the addition of Meituan's subsidiary companies as shareholders.

Baichuan Intelligent Technology Joins Unicorn Club with $300M Investment

Pandaily — Tue, 17 Oct 2023 06:47:31 +0000

Baichuan Intelligent Technology has completed its Series A1 strategic financing round, raising over 300 million US dollars. Tech giants such as Alibaba, Tencent, Xiaomi, and several top investment institutions have all participated in this round of financing.

SMEC Establishes Subsidiary “ChipLink Power”, with Investment from 5 Prominent New Energy Firms

Pandaily — Thu, 31 Aug 2023 06:07:07 +0000

On August 30th, SMEC announced its plan to establish a holding subsidiary and engage in related transactions.

Changan Auto Applies to Build A Factory in Thailand

Pandaily — Thu, 17 Aug 2023 05:18:21 +0000

On August 16th, the Thailand Board of Investment announced that Changan has applied to build an electric vehicle and hybrid vehicle factory in Thailand.

Sequoia China Stands Tall on Its Own as ‘HongShan’

Teri Yu from Bamboo Works — Mon, 12 Jun 2023 07:13:04 +0000

The venture capital firm will be led by founder Neil Shen in China, and is one of two global units being separated from its U.S. counterpart to operate independently.

ByteDance Founder Establishes Personal Investment Fund in Hong Kong

Pandaily — Wed, 24 May 2023 10:48:16 +0000

Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.

Sequoia China’s Neil Shen Rises to No. 1 on 2023 Forbes Midas List

Pandaily — Fri, 05 May 2023 02:58:33 +0000

Neil Shen, the founding and managing partner of Sequoia China, has been named this year's top investor in the 2023 Forbes Midas List. This marks his fourth time taking the top spot.

China Renaissance Delays 2022 Results after Founder Goes Missing

Pandaily — Tue, 04 Apr 2023 02:05:51 +0000

China Renaissance, a prominent player in China's tech industry, announced on April 3 that it would halt trading of its shares and postpone the release of its annual results.

BYD Invests in Chip Startup Kunlunxin

Pandaily — Tue, 21 Mar 2023 03:50:03 +0000

In 2023, Chinese automaker BYD is focused on expanding into global markets and enhancing its technological capabilities. Kunlunxin, a chip company in China, has announced that BYD had become one of its new shareholders.

Chinese-Based Firms Confirm Minimal Exposure to Silicon Valley Bank

Pandaily — Mon, 13 Mar 2023 03:40:54 +0000

The recent shutdown of Silicon Valley Bank (SVB) by regulators marks the largest bank failure in the United States since 2008. Several Chinese Hong Kong-listed companies have sought to reassure investors by stating that their cash deposits in SVB were not significant.

SCEP to Gain Wider Access to Chinese Stock and Bond Markets

Pandaily — Tue, 07 Mar 2023 05:03:48 +0000

According to the official website of China Securities Regulatory Commission (CSRC), the examination of qualified foreign institutional investor (QFII) of Sequoia China Equity Partners (SCEP), Sequoia Capital China's affiliate for open market, has been accepted.

Sequoia China Raises $480M for Its Seed Fund III

Pandaily — Tue, 28 Feb 2023 07:53:23 +0000

Sequoia China Seed Fund announced on February 28 that its Fund III had raised $480 million last year and has officially entered the investment period. This is the third US dollar fund raising completed in five years since 2018.

China Renaissance Founder Bao Fan Cooperates with Government Probe

Pandaily — Mon, 27 Feb 2023 04:04:32 +0000

Missing Chinese investment banker Bao Fan is cooperating with a government investigation, his firm China Renaissance attested to in a filing on February 26.

Top Financial Institution China Renaissance Loses Contact with Founder

Pandaily — Fri, 17 Feb 2023 04:15:32 +0000

Bao Fan, the billionaire founder and chairman of boutique investment bank China Renaissance Holdings Ltd., has not been in contact with the company lately. The Hong Kong-listed company issued a statement that its business and operations remained normal.

Large-Scale Investment in China Boosts Demand for Intelligent Translation

Pandaily — Mon, 16 Jan 2023 12:31:29 +0000

With the continuous opening of the Chinese market, investment from global sources is increasing, and demand for translation, especially AI-based machine translation, is also rising. In response to the mass translation needs of enterprises, NiuTrans launched an enterprise cloud service in 2022.

Xiaomi and Its Investment Recipients ZMI and Black Shark Conduct Layoffs

Pandaily — Fri, 23 Dec 2022 08:36:43 +0000

Beijing-based tech giant Xiaomi has reportedly initiated a new round of layoffs. Furthermore, two enterprises that have received major Xiaomi backing – Black Shark and ZMI – have also been exposed to extensive layoffs.

Meituan Invests in Sodium-Ion Battery Developer Chaona New Energy

Pandaily — Tue, 06 Dec 2022 13:07:59 +0000

Beijing-based life services e-commerce platform, Meituan, had one of its subsidiaries invested in Huzhou Chaona New Energy, with a shareholding ratio of 10%.

Chinese Battery Giant CATL Jumps Into Battle for Major Mining Firm

Pandaily — Tue, 29 Nov 2022 05:39:53 +0000

China's leading battery manufacturer CATL is continuing to increase its reserves of lithium mine resources.

Tencent Invests in Electric Bicycle Firm Tenways

Pandaily — Tue, 15 Nov 2022 09:52:13 +0000

One of Tencent's investment affiliates recently took a stake in ShenZhen Tenways Technovation Limited, a manufacturer of electric bicycles. The registered capital of the company increased 38.8%.

Why Are German Automakers Like BMW and Volkswagen Increasing Investment in China?

Pandaily — Fri, 21 Oct 2022 10:44:32 +0000

European enterprises are increasing their investment in China one after another. In the field of automobile manufacturing, the increasing pace of foreign investment is more apparent.

Chinese Entertainment Firm Huayi Brothers Holds Shares in Metaverse Startup

Pandaily — Thu, 13 Oct 2022 06:28:00 +0000

As of October 12, a subsidiary of Chinese multinational entertainment company Huayi Brothers Media Corp. held 20% of shares in Metaverse Culture and Entertainment Management (Qingdao) Co., Ltd., and James Wang, one of Huayi Brothers' founders, was serving as its director.

BYD Invests in Two Digital Signal Processor Makers

Pandaily — Mon, 10 Oct 2022 05:28:00 +0000

BYD, China Fortune-Tech Capital and other entities have recently invested in Advancechip, a digital signal processor (DSP) maker. Advancechip is the second DSP maker BYD has invested in so far this year.

A Look at Seven Listed Semiconductor Firms in China Backed by Huawei

Pandaily — Sat, 08 Oct 2022 13:44:00 +0000

In 2019, Huawei set up Shenzhen Hubble Technology Investment Partnership, an investment company which, to date, has invested in seven semiconductor companies that have gone on to be publicly listed.

ByteDance Pursues Further Layout in Medical Field

Pandaily — Sun, 02 Oct 2022 02:00:00 +0000

ByteDance's healthcare business is stepping into an accelerated period of resource integration, and a huge healthcare ecosystem is slowly forming.

Fake Subsidiary Emerges as BYD Largely Invests in Battery Industry

Pandaily — Tue, 27 Sep 2022 14:23:37 +0000

Recently, a little-known small company in Nanning, Guangxi Province, has received some attention due to its claim to be wholly-owned by BYD. According to public information, BYD has made frequent investments in the city throughout the year.

Xiaomi Invests in Modified Car Startup Auto Custom

Pandaily — Mon, 26 Sep 2022 12:25:00 +0000

On September 25, Auto Custom, a modified car startup based in Tianjin, released its first self-designed small sports car model SC01. Smartphone maker Xiaomi has invested tens of millions of yuan in the company.

Revealing Tencent’s Investment Map in the Medical Field

Pandaily — Mon, 26 Sep 2022 05:21:13 +0000

Tencent has made six major moves within the medical field this year, investing in several medical device enterprises.

Tencent to Invest Nearly $42M in Medical Field

Pandaily — Tue, 20 Sep 2022 05:28:37 +0000

Yuyue Medical, a Chinese medical device manufacturer, announced on September 19 that internet giant Tencent plans to invest 291 million yuan ($41.5 million) in its subsidiary, Xunjie Medical.

Sunwoda EVB and Partners to Invest $1.71B in Joint Battery Project

Pandaily — Fri, 16 Sep 2022 04:50:00 +0000

The electric vehicle battery subsidiary of Shenzhen-based Sunwoda will jointly invest about 12 billion yuan ($1.71 billion) alongside three other parties to build a 30GWh battery production base, according to an announcement on September 15.

Tencent Invests in Overseas Education Startups After China’s Regulatory Tightening

Pandaily — Thu, 15 Sep 2022 09:17:00 +0000

Tencent has invested in education startups in Nigeria, Austria and other overseas markets this year after Chinese authorities introduced tight restrictions on tutoring services in the country.

Meituan Invests in Power Batteries, Exploring Smart Car Field