China’s Meridian Capital closes its sixth RMB fund at $329m
Beijing, China. Source: Li Yang/Unsplash
May 21, 2021
Meridian Capital China, a leading TMT-focused venture capital firm, has completed fundraising for its sixth yuan fund at an aggregate of 2.12 billion yuan ($329 million), per its announcement on May 20.
The vehicle received capital commitments from state-owned development funds, local government-led industry funds, funds of funds, insurance groups and conglomerates.
In the statement, Meridian Capital said it expects to secure over 3.3 billion yuan ($513 million) for its new funds launched in 2021, including a closed angel fund and a soon-to-be-closed industry fund.
Going forward, Meridian Capital will continue to bet big on new consumption and technology sectors.
Noah Holdings Limited Announces Unaudited Financial Results for the First Quarter of 2021
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SHANGHAI, May 10, 2021 /PRNewswire/ Noah Holdings Limited ( Noah or the Company ) (NYSE: NOAH), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the first quarter of 2021.
FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS
N
et revenue
s for the first quarter of 2021 were RMB1,224.7 million (US$186.9 million), a 64.1% increase from the corresponding period in 2020, and a 28.5% increase from the fourth quarter of 2020.
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SHANGHAI, April 30, 2021 /PRNewswire/ Noah Holdings Limited ( Noah or the Company ) (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus on global investment and asset allocation services for high net worth individuals and enterprises, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission on April 30, 2021.
The annual report can be accessed on Noah s investor relations website at http://ir.noahgroup.com.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH) is a leading wealth and asset management service provider in China with a focus on global investment and asset allocation services for high net worth individuals and enterprises. In the full year 2020, Noah distributed RMB94.7 billion (US$14.5 billion) of financial products. Through its subsidiary, Gopher Asset Management Co., Ltd. ( Go
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Big Data Analytics Startup Kyligence Raises $70M In Series D Funding
Kyligence develops an advanced data analytics platform, based on the open-source Apache Kylin analytics engine, that’s capable of performing multi-dimensional analysis on huge volumes of data. By Rick Whiting April 21, 2021, 06:26 PM EDT
Next-generation data analytics startup Kyligence has closed a $70 million Series D round of funding, the company said Wednesday.
The company said it will use the new funding to “continue powering its global expansion and rapid customer adoption.” The financing will specifically be used to fuel the company’s research and development efforts, especially in developing cloud-native and machine learning technology, the company said.