07 May 2018 – Tencent Leads $820m Series C for UBTech

Deals Baidu has spun off the likes of Baidu Video and Zuoyebang in recent years, and video streaming platform iQiyi, in which Baidu owned a majority stake, raised $2.25bn in an IPO in March. The latest deal involves the corporate’s financial services subsidiary, Du Xiaoman, which has raised $1.9bn from investors including Taikang, $1bn of … Continue reading "07 May 2018 – Tencent Leads $820m Series C for UBTech"