Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

updated three times

Xiaonei, the company that likes to call itself the “Facebook of China” has raised a whopping $430 million from financial backers, VentureBeat has learned from the company’s investors.

The backing gives it a larger financial warchest than Facebook itself, and sets the scene for… Continue Reading

Parade Technology, a fabless chip company for video displays, raises $14.5M more

Parade Technologies, a Sunnyvale, Calif. fabless semiconductor company that specializes in developing digital video display interface products, said it has raised $14.5 million in a second round of funding.

AsiaVest Partners led the round, which included Intel Capital and previous investor Legend Capital.

Here’s the statement.

The… Continue Reading