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Dingdong Maicai files for IPO in the US By Zhang Jie | chinadaily.com.cn | Updated: 2021-06-09 13:11 Share An employee of online grocery platform Dingdong Maicai packs vegetables in Shanghai. [Photo/Xinhua] China's omnichannel grocery online retailer Dingdong Maicai has submitted its IPO prospectus to the United States Securities and Exchange Commission, with a stock code of "DDL", news portal Sina reported on Wednesday. According to the prospectus, the firm's revenue was 3.88 billion yuan ($606 million) in 2019, and 11.34 billion yuan in 202...

51job Inc said on Tuesday it had received a revised takeover proposal valued at more than $5 billion from private equity firms DCP Services, Ocean Link Partners and the Chinese recruitment firm's co-founder and chief, Rick Yan.

In this episode of China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending April 9. This week was punctuated by the Qingming Festival in China that closed businesses, but we still recorded 51 different investment deals closing in the past 5 days totaling an incredibly high US$3.4 billion. Investors such as DST Global, Tiger Global Management, General Atlantic, CMC Capital Partners, Capital Today, Sequoia Capital China, Ocean Link, Hony Capital, Aspex Management, 3W Fund, Zhen Fund, APlus Partners, Innoangel Fund and Cygnus Equi...

Hive Ventures invests in InfuseAI and 15 more deal updates from Greater China April 6, 2021 Taiwanese machine learning startup InfuseAI has secured a $4.3 million Series A round funding led by the iPhone manufacturer Wistron Corporation, per a company statement on Tuesday.  Taiwan-based, tech-driven global VC Hive Ventures partnering Taiwan Venture Capital Group and Silicon Valley Taiwan Investment also joined the current round. InfuseAI is gearing up to foray into the Japan market, followed by Southeast Asia.  InfuseAI, set up in 2018, offers a gamut of development and data analysis servic...

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