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 a showdown with the American company. Facebook has just started to get serious about entering the huge, fast-growing Chinese market.
The backing of Xiaonei could be a statement that the company… 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 company has raised a total of $21.5 million.