Usan, an umbrella sharing company received RMB30 million investment from LY.com, Focus Media and 9fbank Group. Usan was founded in June 2017. This is the biggest investment it has received so far.
Foxconn announced that it is to invest USD10 billion in Wisconsin, USA in a LCD manufacture base which is to create 13,000 jobs.
Mar 28th, Tsinghua Unigroup has received RMB100 billion investment from China Development Bank and RMB10 billion from Sino IC Capital for developing chip business.
NIO completed its first round of fund raising, which was led by Baidu Capital and Tencent. This is the first project of Baidu Capital. March 10th, NIO announced its first concept car EVE and planed to launch auto-pilot car in US by 2020.
Feb 16th, NetEase (NASDAQ:NTES) released results for Q4 ended Dec 31st, 2016. According to the report, the Company received a revenue of USD1.73 billion in Q4, up by 53.1%, net profit was USD530 million, up by 70.2%.