capital

News Posts 

China car services firm Tuhu raises $100 million from Joy Capital, Welkin

creative , , , , , , , , , , , , ,

Tuhu, a Chinese online platform for automobile services and products, said on Tuesday it raised about $100 million from a group of investors including venture capital firm Joy Capital, looking to expand its distribution network and warehouses. Joy Capital, whose founders include the former head of telecommunications investments at Legend Capital, led the funding round, Tuhu Founder and Chief Executive Min Chen said. Other investors included private equity firm Welkin, leasing company Far East Horizon Ltd and existing Tuhu investors such as Legend Capital and Qiming Venture Partners.

Read more
News Posts 

GE unveils customized cloud service in industrial data push

publisher , , , , , , ,

General Electric Co said on Wednesday it is developing a cloud-based service tailored for industrial customers, the latest step in the U.S. conglomerate's effort to gain business from data generated by machines. GE Chief Executive Jeff Immelt has bet on developing analytics and software for customers of the company's jet engines, power-generating turbines, healthcare equipment and other industrial products.

Read more
News Posts 

Online lender OnDeck Capital’s shares soar in debut

publisher , , , , , , , , , , , , , ,

By Neha Dimri (Reuters) – Shares of OnDeck Capital Inc rose as much as 40 percent in their market debut, underscoring investor appetite for startups using technology to disrupt traditional banking. The online lender’s shares touched a high of $28 amid heavy trading on Wednesday, valuing the company at about $1.85 billion

Read more