China Venture Capital News

Maxscend Raised $8M to Aggressively Pursue China Terrestrial DTV Market

June 23, 2008

SHANGHAI, June 23 /Xinhua-PRNewswire/ — Maxscend Technologies, a leading DTV/mobile DTV chip solution provider, announced that it raised $8M for its second round financing. The lead investor is Infotech Pacific Ventures. As a well-known early stage venture capital firm, Infotech has invested mor… Read more →

Dianping.com Receives First-round Funding from Sequoia Capital

April 19, 2008

Dianping.com, a well-known Chinese restaurant directory and review website, has received its first-round funding from Sequoia Capital. Financial details of the investment were not disclosed. Zhang Tao, CEO of Dianping.com, said the Company would start the second-round financing in the third or fo… Read more →

Sequoia Capital Invested US$10M into Bihu

March 31, 2008

Beijing Bihu Technology Co., Ltd. (Bihu) announced days ago that it secured US$10M from Sequoia Capital. This in-game advertising (IGA) deal followed that Shanda Entertainment invested In-game Media, Qiming Ventures invested Captiv8 and Focus Media acquired WonderAd.

Bihu was established by Li… Read more →

Wanxue Education Receives $10 Million Investment from Leading Venture Funds

February 25, 2008

Last Friday, Sequoia Capital announced that it has partnered with Legend Capital to invest in Chinese tutoring service company Wanxue Education. The total investment was in the range of $10 million and the two investors will each receive approximately 10% stake of Wanxue. Founded in 2006, Wanxue … Read more →

AutoNavi has acquired Beijing XingTianDi Information Technology Co., Ltd.

December 26, 2007

AutoNavi acquired Beijing XingTianDi Information Technology Co., Ltd on Dec.28, 2006. Beijing XingTianDi has the most advanced industrial equipment and software in China including DMC all-digital aerial photogrammetry system etc, while ranking the first in total production output countrywide. Thu… Read more →

VanceInfo Technologies Inc. Announces Pricing of Initial Public Offering of its American Depositary Shares

December 11, 2007

BEIJING, Dec. 11 /Xinhua-PRNewswire/ — VanceInfo Technologies Inc. (’’VanceInfo’’ or the ’’Company’’) (NYSE: VIT), an IT service provider and one of the leading offshore software development companies in China announced the pricing of its initial public offering of 7,650,000 American Depository … Read more →

China's Largest Blog Community - 51.com - Successfully Closes Second Round Financing

May 01, 2007

SHANGHAI, China, May 10 /Xinhua-PRNewswire/ — 51.com, China’s largest
blog community, recently announced the closure of its latest round of financing, which is co-invested by Intel Capital, Redpoint Ventures (the investor of MySpace, the well-known social network in the U.S.), Sequoia Capital C… Read more →

UUSee Announces US $23.5 Million Financing

March 07, 2007

BEIJING, March 7 /PRNewswire/ — UUSee, the leading Internet television and interactive video operator in China, announced today that it has raised US $23.5 million in new financing. Draper Fisher Jurvetson Growth Fund (“DFJ Growth Fund”) and Highland Capital Partners led the round, with Steamboa… Read more →

China-based VanceInfo Technologies Inc. Secures Venture Capital Funding Led by Sequoia Capital

May 30, 2006

Beijing, China | May 30, 2006 – VanceInfo, one of the early pioneers and leading players in the software outsourcing industry in China, announced today it has closed the Series B venture capital financing round led by Sequoia Capital US and Sequoia Capital China. Joining the round were existing i… Read more →

Sequoia Capital invests 7.5 mln usd in China cartoon company Greatdreams

May 19, 2006

BEIJING (AFX) – Sequoia Capital, one of the world’s leading venture capital firms, has invested 7.5 mln usd in Hunan Greatdreams Cartoon Media Co Ltd, the cartoon producer said in a statement.

’Greatdreams Cartoon and Sequoia Capital will set up a new company engaging in cartoon derivative pr… Read more →