 To open a Shanghai Disney resort, Disney had to do things that it once found unthinkable. How China won the keys to Disney's Magic Kingdom. Read Disney in The New York Times.
UberChina-Didi Fight Drives Merger Talk.
China is a big market. But is it big enough for two major ride-hailing companies? The battle between Uber Technologies' China affiliate and Chinese homegrown champion Didi Chuxing Technology has been so bruising that some investors in the companies increasingly say the answer is no. Read Uber-Didi in the Wall Street Journal.
The ride-hailing industry's relentless march continued today as Didi Chuxing, Uber's main rival in China, raised $7 billion in new funding, adding to the $1 billion from Apple. Read $7B in the WSJ.
From the highly acquisitive Chinese companies driving the M&A market to the growing number of private startups that could shape future IPOs, every dealmaker on Wall Street is scrambling to "get in on China." Read how China Renaissance CEO and founder Fan Bao got in on the $1.78 billion listing of JD.com, the $286 million IPO of microblogging app Weibo, and the merger of China's ride-hailing rivals Didi Dache and Kuaidi Dache. Read Fan Bao in Business Insider. Tencent is nearing a $9 billion deal to buy "Clash of Clans" maker Supercell, a Finnish mobile games maker majority owned by Softbank. Read Supercell deal.
DCM portfolio company China Online Education Group ("51Talk") began trading on the NYSE under the symbol COE, with an offering size of $52M and a market capitalization of $400M at the closing of its first day of trading. DCM and Sequoia Capital have about a 20% share in 51Talk. DCM partner Hurst Lin played a major role in the startup's listing.  Alibaba leader Jack Ma has agreed to back Arianna Huffington's new health and wellness startup, Thrive Global. VC firm Lerer Hippeau, a force behind Huffington Post, is joining in to fund Arianna's latest venture providing workshops, e-courses and certification programs to companies around the world.
INDIA Sequoia Capital India has participated in the $4 million Series A funding round of Bangalore-based edtech startup Cuelearn, alongside the startup's existing investor Unitus Seed Fund.
SOUTHEAST ASIA
Singapore-based Golden Gate Ventures has closed a new $60 million fund for Southeast Asia's rapidly growing startup ecosystem.
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