2021-07-24
Wow. For the next person who says long-term growth prospects outweigh regulatory risk for Chinese companies...China is considering turning its lucrative education and tutoring companies into non-profits. Firms would be banned from IPOs or capital raising https://www.bloomberg.com/...
Bloomberg
Sources: China is considering turning online tutoring companies into non-profits, which can't raise capital or go public, clamping down on the $100B industry
Bloomberg :
2021-07-23
Wow. For the next person who says long-term growth prospects outweigh regulatory risk for Chinese companies...China is considering turning its lucrative education and tutoring companies into non-profits. Firms would be banned from IPOs or capital raising https://www.bloomberg.com/...
Bloomberg
Sources: China is considering turning online tutoring companies into non-profits, unable to raise capital or go public, clamping down on the $100B industry
- Edtech firms to be banned from going public, foreign capital — Vacation, weekend tutoring for school subjects will be banned Tweets: @pingroma , @haidilun , and @mbrookerhk Tw...
2018-04-09
China now has the world's most valuable AI startup, and it's key to the world's biggest surveillance system. SenseTime makes large-scale face-recognition systems built into 100 million+ Chinese-made phones, and is now valued at $3B after $600m from Alibaba http://www.bloomberg.com/...
Bloomberg
SenseTime, a Chinese AI startup specializing in object and face recognition, raises $600M from Alibaba and others at $3B+ valuation, up from $1.47B in July 2017
It becomes the world's richest-valued private AI startup — The company drives China's ambition to dominate global AI
2018-01-14
A Chinese app that helps farmers sell vegetables has just been valued at $2.8B. Meicai means “beautiful vegetables” and lets restaurants order bok choy and eggplant on their smartphones @luluyilun http://www.bloomberg.com/...
Bloomberg
Sources: Chinese e-commerce startup Meicai, which helps farmers sell vegetables to restaurants, has raised $450M Series E at $2.8B valuation
2018-01-13
A Chinese app that helps farmers sell vegetables has just been valued at $2.8B. Meicai means “beautiful vegetables” and lets restaurants order bok choy and eggplant on their smartphones @luluyilun http://www.bloomberg.com/...
Bloomberg
Sources: Chinese e-commerce startup Meicai, which helps farmers sell vegetables to restaurants, has raised $450M Series E at $2.8B valuation
Lulu Yilun Chen / Bloomberg :