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JD teams up with Sequoia China to raise $5.8b for state-owned Starquest Capital

China’s JD.com is teaming up with Sequoia China to raise up to RMB40 billion (US$5.81 billion) for a state-owned fund that invests in China’s long-term and strategic tech areas.

1 min read

The merger deal will give birth to China’s largest online healthcare platform for multisite license medical practice.
News
China’s Tencent merges medtech investees to build an online-to-offline medical network
2 mins read
The company is reportedly also developing a censored version of an online search app for China users.
News
Google developing a news-aggregation app for China: Report
1 min read
Don’t Do Evil but the US tech giant is reportedly planning a censored search app in China
News
Google to return to China? Leaked US docs say so but Chinese authorities deny
3 mins read
In a bid to turn a profit by the end of this year, Ofo is scaling back its global ambition.
Insights
In retreat from many countries, Ofo sees hope in Singapore
5 mins read
The company won close to US$1 m last year from a startup competition by Alibaba Fund
News
Deals | Energy management IoT company En-trak closes pre-Series A from Alibaba
2 mins read
With sales dropping, the coffee chain giant might be facing a real threat from local startup Luckin Coffee.
News
Starbucks China is betting on deliveries with Ele.me to stay ahead
2 mins read
The news come after the bike-sharing company halted its international expansion plans
News
Rumor | Ofo close to take over by Didi
2 mins read
The Chinese subsidiary of WeWork has now jumped five times in valuation in just over a year
News
WeWork China gets US$500m Series B from Softbank, Temasek
2 mins read