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Game Live Streaming Platform Operators Huya, DouYu to Merge

Huya, 10/12/20

Chinese game live streaming platform operator HUYA Inc. (NYSE: HUYA) and Wuhan-based game-centric live streaming platform operator DouYu International Holdings Limited (Nasdaq: DOYU) today announced that they have entered into an Agreement and Plan of Merger, dated October 12, 2020 (the "Merger Agreement") with Tiger Company Ltd., a newly formed company with limited liability incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Huya ("Merger Sub"), and, solely for the limited purposes set forth therein, Nectarine Investment Limited ("Tencent"), a wholly owned subsidiary of Tencent Holdings Limited (0700.HK). Read More

Tencent, Carlyle, Sequoia Lead USD 450 Mln Series E in O2O Car Maintenance Firm Tuhu

Tencent Tech, 9/15/18

Shanghai-based Lantu Information Technology, operator of online and mobile B2C car maintenance service and e-commerce platform Tuhu Yangche, recently announced the completion of approximately USD 450 mln in new funding jointly led by Chinese internet conglomerate Tencent (0700.HK), Carlyle Group, and Sequoia Capital. Read More

Fresh Food M-commerce App Missfresh Wins USD 450 Mln Funding

Tencent Tech, 9/06/18

Beijing-based Missfresh E-Commerce, operator of fresh food ordering app Missfresh, recently announced completion of USD 450 mln in new funding led by Goldman Sachs Investment Partners, Chinese internet conglomerate Tencent (0700.HK), Jeneration Capital, and Davis Selected Advisers with participation by Poly (Hengqin) Capital Management, Glade Brook Capital, and China Renaissance New Economy Fund, as well as prior-round investors Tiger Global and Sofina. Read More

Goldman Leads USD 127 Mln Series D Funding of Fitness Instruction App 'Keep'

36Kr.com, 7/10/18

Beijing-based Calorie Technology, operator of mobile healthcare and fitness app Keep, recently completed USD 127 mln in Series D funding led by Goldman Sachs with participation from Chinese internet conglomerate Tencent (0700.HK), Granite Global Ventures, Morningside Ventures, and Bertelsmann Asia Investments (BAI). Read More

Goldman Sachs, Tencent, Didi Chuxing Invest USD 300 Mln in Car Trading Platform Renrenche

36Kr.com, 4/26/18

Beijing-based Renrenche Network Technology, operator of online and mobile used car trading platform Renrenche.com, recently won USD 300 mln in new funding led by Goldman Sachs, with participation from Chinese internet conglomerate Tencent (0700.HK) and taxi booking and car hire service app Didi Chuxing. Read More

Enterprise-focused Online Food Delivery Site Meican Raises Series D Funding

Jiemian, 8/02/17

Beijing-based Qingsong Meican Technology, operator of enterprise-focused online food ordering website Meican.com, has announced it has completed an undisclosed amount of Series D funding from Goldman Sachs Investment Partners, the venture capital and growth investment fund run by Goldman Sachs Group. Read More

Fosun Pharmaceutical Invests USD 65 Mln Stake in Online Health Firm Guahao

Fosun, 11/30/15

Shanghai-based pharmaceuticals maker, distributor, and retailer Fosun Pharma (600196.SH; 2196.HK) has announced that its wholly-owned subsidiary Regal Gesture plans to acquire 39.66 mln shares of preferred stock in the Hangzhou-based operator of online hospital appointment-booking website Guahao for USD 65 mln, representing a 9.73% stake. Read More

Online Medical Platform Guahao Raises USD 394 Mln in New Funding

Sina Tech, 9/24/15

Guahao.com Limited, operator of Chinese online and mobile hospital appointment-booking platform Guahao, recently announced that it has completed USD 394 mln in new funding led by Beijing-based private equity fund Hillhouse Capital Management and Goldman Sachs. Read More

Former DST China Partner Shou Zi Chew Joins Xiaomi as CFO

Sina Tech, 7/01/15

Lei Jun, chairman and CEO of Xiaomi Technology, announced via his personal microblog that Shou Zi Chew (Zhou Shouzi), former partner for Russian-based investment group Digital Sky Technologies (DST) in China, has joined Xiaomi as CFO. Read More

Rumor: Tencent Acquires Shanda Cloudary

Sina Tech, 11/06/14

According to an industry source, Chinese internet and mobile services firm Tencent (0700.HK) has finalized an acquisition of Cloudary, the online literature platform of online media provider and game operator Shanda Interactive. Read More