Aug 14, 2017
Morgan Stanley, China Merchants Bank, China Securities Co., and Chinese microblogging platform Weibo (Nasdaq: WB) have made a strategic investment in Beijing-based social media marketing firm Tianxiaxiu Technology (InMyShow Inc.) The RMB 600 mln investment covers both Series C and Series C+ rounds.
Investment funds tied to the municipal government of Chengdu, the capital of Sichuan province, have invested RMB 600 mln as part of the recent RMB 1 bln funding round in handset and mobile OS developer Chuizi Technology (Smartisan), according to comments made by a Smartisan investor to Chinese media organization Caixin.
Wuhan-based Dengta Financial Information, operator of mobile stock trading service app Gupiao Dengta (literally "Stock Lighthouse"), recently announced completion of RMB 55 mln in Series A funding led by Kaitai Capital, with participation from transportation infrastructure developer Chutian Expressway (600035.SH) and Fuzhishuo Equity Investment.
Hangzhou-based Ergeng Network Technology, operator of online and mobile short video platform Ergeng Video, announced today the completion of RMB 100 mln in Series B+ funding led by Yunfeng Capital, the private equity company co-founded by Alibaba Group (NYSE: BABA) chairman Jack Ma, and with participation from Source Code Capital.
Chinese online video content and smart device firm Leshi Internet Information and Technology (300104.SZ) has issued an announcement stating that its second largest stockholder, Sunac China Holdings (1918.HK) subsidiary Tianjin Jiarui Huixin Corporate, has pledged its entire stake in Leshi Internet to CITIC Trust Co. The stake accounts for 8.56% of all equity in Leshi, and the procedures for the pledge have already been completed.
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
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