financing Archives - Page 2 of 202

NIO Secures $2.2 Billion Investment from Abu Dhabi-based CYVN Holdings

Chinese electric vehicle manufacturer NIO revealed on Monday that it has signed a share subscription agreement with CYVN Holdings L.L.C.,. Under this agreement, CYVN will make a total cash investment of US$2.2 billion in NIO.

Alibaba Sells Part of Xpeng Stake, Reducing Shareholding to 7.5%

Alibaba Group announced on December 15th that it has sold a portion of its stake in Xpeng Motors, reducing its shareholding from 10.2% to 7.5%.

NetEase Surpasses Meituan, Becoming the Fourth Largest Internet Company in China by Market Value

On December 14th, NetEase's market value on the Hong Kong Stock Exchange reached HKD 53.06 billion, surpassing Meituan to become the fourth largest internet company in China by market capitalization.

William Li Denies NIO’s 120 Billion Yuan Gambling Agreement with Hefei Government

Recently, William Li, the CEO of NIO, stated in an interview that there is no bet agreement between NIO and the government of Hefei. It has been 'overinterpreted'.

ByteDance Launches Another Share Buyback, Valuation Declined by 10%

ByteDance, the parent company of TikTok, is allegedly proposing to repurchase approximately $5 billion in shares from investors, a move that would value the company at around $268 billion, according to two sources familiar with the matter, per Reuters.

Ximalaya Denies Laying Off 30%, Profitability and Innovation Remain Two Major Challenges

On December 6th, Ximalaya denies recent plans to carry out a company-wide layoff of approximately 30%.

SenseTime Considers Separate Financing for Its Autonomous Driving and Medical Businesses

Insiders say that SenseTime is considering separating its autonomous driving and healthcare businesses for separate financing.

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

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.

“Jack Ma did not sell a single share”, Clarified Alibaba Partner

Regarding the recent rumors of Jack Ma selling a large amount of Alibaba Group stocks, Jiang Fang, a partner and Chief Talent Officer at Alibaba Group, posted on the company's internal network today stating that "Jack Ma did not sell a single share."

Global Asset Management Giant Vanguard Confirms Its Withdrawal from China

Global asset management giant Vanguard confirms its withdrawal from China and the closure of its offices in the country.

Zeekr Ready for NYSE, Valuation exceeds $13 billion

Chinese EV maker Zeekr submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) today, preparing for listing on the New York Stock Exchange with the stock symbol "ZK".

Li Auto CEO Li Xiang Talks about Huawei: 20% Is Respect, No Complaints at all

On November 9th, Li Auto held a financial report meeting. During the meeting, Li Auto's CEO, Li Xiang, once again mentioned Huawei.

BEST Inc. Receives Acquisition Offer from Buyer Consortium Including Alibaba and Cainiao

On November 7th, BEST Inc. announced that its board of directors had received a preliminary non-binding offer from a buyer consortium consisting of Alibaba, Cainiao, and the company's founder, Zhou Shaoning, to acquire all of the issued ordinary shares.

Co-working Giant Files for Bankruptcy in the US, WeWork China Responds

WeWork China says it will not be affected by WeWork's bankruptcy filing in the US.

Trial Opens in Poisoning Case of YOOZOO Founder Lin Qi

On October 31st, the trial of Lin Qi, the founder of YOOZOO Interactive, who was poisoned to death, began.

Baichuan Intelligent Technology Joins Unicorn Club with $300M Investment

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.