Tencent reinvested in Kaochong, six months after leading the online study aid provider’s $29m series C round.
Month: September 2018
SoYoung gets $70m funding injection
Tencent-backed cosmetic surgery booking platform SoYoung has collected $70m in a series E round that increased its overall funding to at least $229m.
IQiyi Sports scores $124m
The iQiyi spinoff, which was formed with Super Sports Media last month, has secured series A funding at a $490m valuation.
Apttus accepts Thoma Bravo’s majority stake purchase
Thoma Bravo has agreed to buy a majority stake in the sales software producer, though it is unclear whether Salesforce and AT&T will exit.
Ofo approaches nine-figure fundraising
Didi Chuxing and Ant Financial are said to be close to reinvesting in Ofo following reports last month they were discussing a $2bn acquisition.
Activ8 mobilises $5.4m funding
Gumi has returned for a third funding round in virtual talent management firm Activ8.
Dulian processes $7.3m
Baidu has established a new subsidiary to focus on blockchain technologies and supplied $7.3m to the business through another subsidiary, Dinglu Zhongyuan Technology.
SlicePay cuts into series A
FinUp Financial Technology has led a reported $15m series A round for online lender SlicePay.
Yopa increases estate by $26m
Online estate agent Yopa has closed a $26m funding round backed by return investors Daily Mail and General Trust and Savills.
Liulishuo talks through $100m IPO plans
Liulishuo, a China-based English teaching platform that uses artificial intelligence (AI), filed for a $100m initial public offering on the New York Stock Exchange on Friday that will offer an exit to publisher Hearst. Incorporated in 2012 as Laix, Liulishuo operates an interactive language learning course that relies on AI rather than human teachers to… Continue reading Liulishuo talks through $100m IPO plans
HSB wins Relayr race in $300m acquisition
Germany-based industrial internet-of-things technology provider Relayr was acquired today by Hartford Steam Boiler (HSB), the equipment breakdown insurance subsidiary of reinsurance firm Munich Re, for $300m. Founded in 2013, Relayr has created a middleware software platform that relies on artificial intelligence to offer data insights into new and legacy hardware. The technology makes it possible,… Continue reading HSB wins Relayr race in $300m acquisition
Souche trades series F shares for $578m
Alibaba and Sunshine Insurance Group have contributed to a series F round for Souche, which also revealed its acquisition of Iyunche and Breakthrough.
Maoyan Weiying buys IPO ticket
Maoyan Weiying, a China-based mobile ticketing platform backed by corporates Tencent, Meituan Dianping and Enlight Media, has filed for an initial public offering in Hong Kong. The company submitted the filing under the name Entertainment Plus and did not include any financial terms, though reports in January this year suggested it would be seeking approximately… Continue reading Maoyan Weiying buys IPO ticket
Salary Finance wages $20m series B
Legal & General has co-led a $20m series B round for Salary Finance, a financial wellbeing platform for employees.