Business
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Baidu said to make US$100 million investment in Chinese electric car startup NextEV
Internet giant Baidu reportedly plans to invest about US$100 million in NextEV, a high-end electric car manufacturer founded in Shanghai in November 2014. The alliance is intended to boost Baidu’s faltering autonomous driving business.
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Popular video streaming app Bigo Live closes series C round with valuation at US$400 million
Singapore’s Bigo Live, a social video streaming app has recently closed its series C funding round to fuel its oversea expansion and research and development projects.
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Studio XID secures US$1 million funding from Line and Evergreen Venture Partners
Studio XID, a developer of ProtoPie, a mobile app prototyping tool, received US$1 million funding from Line Plus Corporation and Evergreen Venture Partners.
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Chinese web TV studio Up Pictures raises US$15 million series A to finance three book-to-film adaptations
Chinese web TV studio Up Pictures raises US$15 million series A to finance three book-to-film adaptations by author Tianxia Bachang.
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Chinese women’s clothing rental platform – Dora’s Dream closes US$12 million series A
China’s women’s clothes rental platform – Dora’s Dream has completed its series A round worth US$12 million to further enhance its self-built flexibility of supply chains and to introduce new brands into its platform.
