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Chinese O2O delivery startup Zhai.me raises undisclosed seed round

05 March 2015

<via Tech In Asia> It is a truth universally acknowledged that by and large, college students are lazy. Chinese startup Zhai.me knows this. And off the back of that knowledge, the company has managed to raise a round of seed funding “in the millions” of RMB, according its college-aged founder Sun Gaofeng. The source and […]

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Temasek, JD.Com Participate $10M Series B In Ichuanyi.com

02 February 2015

<via China Money Network> Shanghai-based female fashion e-commerce platform Ichuanyi.com has received around US$10 million series B financing from Chinese e-commerce platform JD.com, Inc. and Vertex Venture Holdings, a wholly-owned subsidiary of Temasek Holdings, according to Chinese media reports. The proceeds will be used to build a high quality supply chain system and a brand […]

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China’s NetDragon bags US$52.2M Series A investment

07 January 2015

<via e27> The online education subsidiary of China’s NetDragon yesterday announced that it has raised US$52.2 million in Series A funding, with participation from IDG Capital Partners, Vertex Venture, and Shenzhen-listed animation producer Alpha Animation. The new round values the subsidiary at US$477.5 million. The funds will be used to accelerate product development and solidify […]

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Vertex leads $30m Series B in China’s Metao

20 November 2014

<via Deal Street Asia> Chinese e-commerce firm Metao.com has raised $30 million in Series B financing from a group of investors led by Singapore’s Vertex Ventures, local media reported. The other investors include Morningside Ventures, Greenwoods Investment, in addition to existing Matrix Partners, the Chinese media reports added. This comes within six months of Metao […]

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Baidu Pays $1.9 Billion in Biggest Takeover to Gain Mobile Share

16 July 2013

<via Bloomberg> July 16 (Bloomberg) — Baidu Inc., owner of China’s largest search engine, agreed to buy app store 91 Wireless for $1.9 billion in its biggest announced acquisition to gain a greater share of the mobile user market. The company will acquire the majority stake owned by NetDragon Websoft Inc. and all other shares, […]

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