Innovation Works

Kai-Fu Lee has backed some of China’s hottest app-making startups since he co-founded the VC firm in 2009. This is his biggest fund to date.

World Bank investment arm IFC wants a way into China’s incubators and accelerators, and it’s starting with Innovation Works.

Do you dream of the freedom of the open road? As someone who has cut the cord on the 9-to-5 grind, Jacob Laukaitis recently wrote an article on Medium about

Face++ makes a cloud-based API and an SDK so developers can incorporate face recognition into their on apps. The startup has over 30,000 developers on board.

Alibaba’s Aliyun wants to help startups enter the cloud era with a massive new incubation program that has dozens of powerful partners.

Interested in doing a startup in China? Investors and startup gurus Kaifu Lee, Xu Xiaoping, and Cai Wensheng want to help. At a meeting in Beijing on Thursday, the three announced a new founder training program they’re calling Young CEO Club.

Chinese smartphone glucometer Dnurse raised millions in an undisclosed series A round led by SAIF and Innovation Works. It’s an investment that makes a lot of sense given China’s sharp rise in diabetes cases.

Tencent has made a new social play in the same vein as Snapchat to appease China’s “post-90s” youths with a fresh US$20 million series A investment into Blink.

Haha isn’t China’s first carpooling app, but it looks to be the most promising so far.

Chinese Universe Publishing and Media Company bought a 100 percent stake in Elex Technology Company for RMB 2.7 billion.