September 18, 2018 New funding deepens the company’s crude oil market intelligence and expands its coverage across other energy markets that include petroleum products, natural gas, and power generation PARIS, 18 September 2018 – Kayrros, the leading advanced data analytics firm, today announced that it has raised €21 million ($24.4 million) in Series B funding led […]
Website builder Strikingly raises $10M Series A+ to continue growth in China
Almost exactly one year after announcing its Series A, website building platform Strikingly said today that it has raised a $10 million Series A+. The new round was led by Cathay Capital, with participation from CAS Holding, the lead investor in Strikingly’s Series A. This brings Strikingly’s total funding so far to $17.5 million. […]
Cathay Innovation invests in website and mini-program editor SXL
Cathay Innovation today announces it led the series A+ funding round of website and mini-program editor SXL, with participation from Cash Capital. As the first Chinese start up incubated by Y Combinator, SXL has launched a simple, intuitive and easy-to-use website and mini-program editor as well as other web products and services. Following this round […]
‘The future will be won or lost on this technology. I’m very concerned’: The co-founder of a $9 billion company warns that China is on track to dominate the US in AI
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PinDuoDuo: how they became the fastest growing commerce company ever
PinDuoDuo (PDD) rang the Nasdaq bell last week and ended day 1 trading at a valuation of ~$30 billion. As an early investor supporting the Company, we witnessed first hand what they did to achieve this amazing milestone. Below is a summary on what PDD is and how they become a commerce giant. […]
Help your ecosystem and your ecosystem will help you, the lesson taught by the uncontainable rise of PinDuoDuo
The US e-commerce ecosystem today is clearly dominated by a few giants, often making it harder for startups to innovate. Here’s an example, with each quarterly earnings call, Amazon continues to conquer US commerce and steamroll its competitors. Today, Amazon’s e-commerce market share in the US is nearly 50%. That’s more than three times the […]
Pinduoduo stock soars in debut as IPO fever rolls on
Chinese Internet names continued their IPO hot streak on Thursday, after shopping app Pinduoduo Inc. made its public debut. Shares of Pinduoduo PDD, +0.63% rose 40% in their first day of trading and were up another 4% premarket Friday. The company raised $1.6 billion through its initial public offering, during the second-busiest week for IPOs this year. […]
Official listing on Nasdaq of Cathay Innovation’s portfolio company Pinduoduo for a market value of USD 24b
On July 26, 2018, Pinduoduo rang the opening bell simultaneously in Shanghai and New York, and was officially listed on the Nasdaq stock exchange, with a share price of USD 19 and a market value of USD 24bn. For the first time in history, the Nasdaq sent the beating bell button to Shanghai to welcome […]
Barcelona-based Glovo secures €115 million Series C funding to strengthen its international growth
Glovo, the Barcelona-based startup which set out to transform the way consumers access local goods, accelerates further growth with the closing of a €115 million Series C funding round. The investors include international companies like Rakuten, Seaya and Cathay, which already invested in Series B, AmRest, the largest publicly listed restaurant operator in Central Europe, and the European funds […]
Alex Lazarow Joins Cathay Innovation as Director in San Francisco Office
SAN FRANCISCO, July 2, 2018 /PRNewswire/ — Cathay Innovation announced today that Alexandre Lazarow has joined as Director in the San Francisco office. Alex will add his expertise to support Cathay’s mission to build and scale startups across the world. “Cathay Innovation is a unique investment firm with an international outlook, an ecosystem of strategic partners, deeply engrained values and an incredible platform […]