Freemium wireless service provider FreedomPop has been pumping out its fair share of hardware lately, and its momentum seems to have been received favorably by its backers. The company, which aims to dole out 500MB of free WiMAX data to the masses, has raised $4.3 million in funding from current investors DCM and Mangrove Capital and finally rolled out its oft-touted social data sharing feature. → Read More
But in Asia– and much of the rest of the developing world– the anticipated mobile giant is Android. Android phones are just starting to hit Japan and China, and a flood of cheap new models are expected to come on the market within the next… → Read More
Colorado-based Abound Solar— the makers of cadmium telluride (CdTe) thin-film solar modules designed for use in large solar power installations, versus residential or small commercial systems— raised a $110 million equity round, and secured a $400 million loan guarantee from the United States Department of Energy the company announced today.
Federal and equity financing of this magnitude… → Read More
The biggest difference between the Internet scenes in Silicon Valley and China this year? We’re all still asking when Facebook will go public, while Chinese companies are filing left and right. Part of this is an investor demand to get a chunk of that 400 million person strong and growing Chinese Internet market.
But part of this is cultural. American Internet entrepreneurs are more likely to… → Read More
A few weeks ago we flagged a growing trend of Chinese Internet companies going public on the Nasdaq and New York Stock Exchange and getting pretty good valuations. At the time I was surprised more people weren’t paying attention– especially given how few Internet IPOs we’re having in the US and how much of the returns from those Chinese deals were flowing back to Silicon Valley. (At least on… → Read More
Vindicia, a Redwood City, California-based provider of on-demand payment management software has raised $7.5 in Series D funding. New investor ONSET Ventures led the round and was joined by existing investors Bertelsmann Digital Media Investments, DCM and Leader Ventures.
The hardest thing about being an American journalist in China is discovering local entrepreneurs. Part of the reason is that there is just so much going on. There are so many intriguing expats and returning Chinese nationals in Beijing’s start-up scene, you could spend months just meeting with them. But the bigger challenges are the language and cultural barriers. China has no shortage of… → Read More