Venture capital firm Jiu Zhou invested a further RMB100m ($13m) in Lihua after Legend Capital, the corporate venturing unit of China-based computer maker Legend, had invested more than $30m.
Month: August 2011
Tencent eyes open platform
Education platform investment follows reports from Marbridge that said Tencent was in talks with senior executives at New York-listed online video service Youku to take a minority stake.
3SBio starts venture fund
Taizhou Huan Sheng Investment Management Company, a subsidiary of 3SBio, will manage 3SBio Ventures. Taizhou Oriental and 3SBio have committed RMB50m and RMB200m respectively to the fund, with 20% of the total drawn down initially.
Google eyes 50 seed deals this year
Google Ventures is hoovering up early stage deals in a fairly unusual move for the venture unit of a large corporate.
LibreDigital starts another chapter
Online book company LibreDigital sells to RR Donnelley, bringing to an end 12 years of venture-backing.
IDG backs Baifendian Technology
The series A round comes after the China-based company was founded two years ago.
Tudou shares hit on Nasdaq debut
The shine is taken off Gary Wei Wang-led Tudou’s $174m initial public offering after the company’s stock price falls on its first day.
Wuhu Yaxia floats to RMB492m
Wuhu Yaxia, 2% owned by Shanghai Zichen Electrical, lists in Shenzhen, China.
Lucid persuades its way to $8m
Lucid Commerce has reportedly raised at least $15.5m in venture funding in the past three years.
UPS helps Kabbage to $17m
Kabbage, a lender to online businesses, has raised more than $25m in equity and debt after its latest round of funding.
Cinchcast tunes into $6m
Cinchcast, a four-year old company backed by Kraft Group, takes its total funds raised past $10m.
ClariPhy teases out extra funding
ClariPhy Communications changes its chief executive and takes the total funding it has raised to more than $55.5m with backing from an undisclosed strategic investor.
Google revs up RelayRides
Google Ventures backs RelayRides for a second time, after first investing in the company last December.
Mark Felix joins Dow venture unit
Mark Felix makes an internal move within Dow Chemical Company to work in the European venture unit.