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Beijing-based Bitcoin mining hardware maker Bitmain Technologies is reportedly in the process of raising USD 1 bln in new funding and funds are expected to be in place by the end of July, according to IT media outlet TouchWeb. Read More
Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, said today that it has completed USD 450 mln Series D funding, equivalent to RMB 3.1 bln. Read More
Beijing-based used car electronic auction service provider Youxin Internet Information Technology (Uxin) recently completed more than USD 400 mln Series D funding, with Series B investors Tiger Global and Warburg Pincus contributing USD 200 mln of this sum, and Taikang Life Insurance also participating, according to a source at an investment firm close to the matter. Read More