China Sees Next Unicorn In Quora-Like Deal, Bike-Sharing Apps Draw Big VCs - News Summed Up

China Sees Next Unicorn In Quora-Like Deal, Bike-Sharing Apps Draw Big VCs


Quora-like Zhihu becomes the next unicorn from China after raising $100 million in fresh funding through a Series D deal that was led by Capital Today. The deal for the Q&A platform looped in several prior investors, Tencent and Sohu as well as a group of quality venture investors that included Qiming, SAIF and Sinovation Ventures. GGV Capital has led a first round investment in bike-sharing startup Hellobike, with participation from RMB fund Grains Valley Venture Capital. With the investment, Mind Fund and DGI plan to together help startups expand from Tokyo, San Francisco, Hong Kong and Asia-wide. Mind Fund, led by Adam Lindemann, also aims to collaborate with Digital Garage to debut new blockchain and AI/Bot technologies in fintech and payment businesses to scale up in Asia.


Source: Forbes January 16, 2017 00:58 UTC



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