NetEase, Inc. (NASDAQ: NTES) (“NetEase”), one of China’s leading internet and online game services providers, today announced that its music streaming platform NetEase Cloud Music has completed its previously announced round of financing with investors, including strategic partner Baidu, General Atlantic, Boyu Capital and several other investors. The total amount invested was over $600 million, and NetEase remains the controlling shareholder of the NetEase Cloud Music business.
MyDreamPlus secures US$120 million in Series C funding led by Hillhouse Capital and General Atlantic
MyDreamPlus, a smart workspace service brand, announced today that it has completed its US$120 million Series C funding round, led by Hillhouse Capital and General Atlantic. Existing investors including JOY Capital, Ocean Link, M31 Management Fund of Giant Network Group, and K2VC also participated in this round. TH Capital acted as the sole financial advisor.
Mafengwo, a leading Chinese independent online travel platform, announced today that it has closed its Series D fundraising round of $133 million. New investors in this fundraising round include General Atlantic, a leading global growth equity firm, Ocean Link, a private equity firm focused on the fast-growing travel and tourism sector in China, Temasek, an investment company headquartered in Singapore, Yuantai Investment, and Hopu. Existing investors including Capital Today, Qiming Venture Partners, and Hillhouse Capital also participated in this latest financing round.
Ocean Link, the First Private Equity Firm Focused on China’s Travel and Tourism Sector, Announces Strategic Partnership with Ctrip and General Atlantic
Ocean Link, the first private equity firm focused on the fast-growing travel and tourism sector in China, today announced its strategic partnership with Ctrip, the largest online travel agency in China, and General Atlantic, a leading global growth equity firm.