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Gaorong Capital
Gaorong Capital () is a Beijing-based venture capital firm founded in 2014. The firm focuses on investments related to Technology, Media and Telecommunications (TMT). Background In January 2014, IDG Capital employees Zhen Zhang, Xiang Gao and Bin Yue founded Banyan Capital. The three of them focused on TMT investments during their time at IDG Capital. The firm first fund that had an initial target of US$ 150 million was oversubscribed after only two month with over 40 investors attracted and raised a total of US$ 206 million. In 2018, the firm changed its name to Gaorong Capital in order to achieve more consistent brand recognition with Chinese entrepreneurs. The main investors of the firm include entrepreneurs, family offices, fund-of-funds, foundations and other institutional investors such as Tencent, Alibaba and Xiaomi. Notable companies that the firm has invested in include Amazfit, Nuro, Pinduoduo Pinduoduo Inc. (; Pinyin: Pīn duōduō) is a subsidiary of PDD H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiaomi
Corporation (; ), commonly known as Xiaomi and registered as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second largest manufacturer of smartphones in the world, most of which run the MIUI operating system. The company is ranked 338th and is the youngest company on the ''Fortune'' Global 500. Xiaomi was founded in 2010 in Beijing by now multi- billionaire Lei Jun when he was 40 years old, along with six senior associates. Lei had founded Kingsoft as well as Joyo.com, which he sold to Amazon for $75 million in 2004. In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Initially the company only sold its products online; however, it later opened brick and mortar stores. By 2015, it was developing a wide range of consumer electronics. In 2020, the company sold 146.3 million smartphones ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2014
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Companies Established In 2014
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ucommune
Ucommune （）, formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, ucommune had completed its D round of financing, securing a valuation of 2.4 billion US dollars. In February 2019, it was reported that the company was seeking to list on the NASDAQ at a valuation of $3 billion. Ucommune has over 300 employees and 400,000 square meters of office space in 160 locations. The company provides community services to its 5,000 member companies and 609,000 individual members worldwide.Hu, Yuanyuan & Chen, Meiling (27 December 2017)Ucommune transforms into community service provider ''China Daily''. Retr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pinduoduo
Pinduoduo Inc. (; Pinyin: Pīn duōduō) is a subsidiary of PDD Holdings. It leverages technology to promote and enable the traditional agriculture industry. It has created a platform that connects farmers with consumers directly. In 2021, 16 million farmers supplied their fruits and vegetables to Pinduoduo users. As of December 31, 2021, Pinduoduo has generated RMB 2.44 trillion (US$383 billion) gross merchandise value (GMV) in the last twelve months. For the 12 months ending on March 31, 2022, Pinduoduo's annual active buyers reached 881.9 million. History Founded in 2015 by PDD Holdings, Pinduoduo started as an agriculture online retailer before transitioning to a third-party platform model connecting merchants and consumers across multiple product categories. In 2019, Pinduoduo invested in building an agriculture-focused logistics infosystem that employs smart algorithms to better plan transportation routes. The logistics system laid the foundations for a next-day, cli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuro
Nuro is an American robotics company based in Mountain View, California. Founded by Jiajun Zhu and Dave Ferguson, Nuro develops autonomous delivery vehicles and is the first company to receive an autonomous exemption from the National Highway Traffic Safety Administration. History The company was founded by engineers of Google's self driving car project, Waymo. Zhu served as the principal software engineer and Ferguson joined in 2011 as the principal machine learning engineer. Zhu and Ferguson left Waymo in 2016 and founded Nuro that September. Nuro brought its robotic delivery vehicles to market in January 2018 with $92 million in funding from Greylock Partners and Gaorong Capital. In February 2019 Nuro raised $940 million from SoftBank Group, which valued the company at $2.7 billion. Nuro said it would use the funds to expand its delivery service to new areas, add new partners, expand its fleet and grow its business. In September 2019, the company was ranked No.10 on L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazfit
Amazfit is a Chinese smart wearable brand established in September 2015 and headquartered in Hefei. Its products are manufactured and owned by Zepp Health. The brand offers wearable devices including smartwatches, fitness bands, and equipment related to health and sports. In January 2020, it attended the Consumer Electronics Show 2020 in Las Vegas. At the middle of October 2021, Amazfit updated its brand identity with the slogan "Up Your Game". History In 2016, the first smartwatch of Amazfit was introduced. In April 2017, it launched the Amazfit Health Band. A self-developed chipset called the "Huangshan-1" was exhibited at Mobile World Congress and applied to Amazfit devices in 2019. In July 2019, the lens of the photoelectric module of an Amazfit smartwatch dislodged, causing a user's skin to be burned. After the launch of Amazfit GTR series smartwatches, some problems were revealed, such as the screen was easy to be scratched and the positioning was severely shifted, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tencent
Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world’s largest company in the video game industry based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen. Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. It is among the largest social media, venture capital, and investment corporations. Its services include social netwo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDG Capital
Founded in Boston in 1992, IDG Capital is an investment and asset management firm that specializes in venture capital, private equity, and mergers & acquisitions. The firm currently has offices in fifteen cities around the world, including New York, Boston, London, Beijing, Shanghai, Hong Kong, Seoul and Hanoi. The firm was the first global investment firm to enter China in the 1990s and an early investor of Baidu, Tencent, Xiaomi, Meituan, and Qihoo 360. In January 2017, IDG Capital and China Oceanwide Holdings Group acquired International Data Group (IDG) and its subsidiaries, International Data Corporation (IDC), IDG Communications, and IDG Ventures. IDG Capital became the controlling shareholder of IDG Ventures. In March 2017, IDG Capital completed the acquisition of a 20 per cent stake in French Ligue 1 football club Olympique Lyonnais Olympique Lyonnais (), commonly referred to as simply Lyon () or OL, is a men and women's French professional football club based in Lyon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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