Kai-Fu Lee’s Sinovation bets on Linux tablet maker Jingling in $10M round

Kai-Fu Lee’s Sinovation Ventures has its eyes on a niche market targeting software developers. In April, the venture capital fund led a $10 million angel round in Jingling, a Chinese startup developing Linux-based tablets and laptops, TechCrunch has learned. Other investors in the round included private equity firm Trustbridge Partners. Jingling was founded only in […]

Future raises $24M Series B for its $150/mo workout coaching app amid at-home fitness boom

With thousands of gyms across the country forced to close during the pandemic, there’s been an unprecedented opportunity for fitness companies pitching an at-home solution. This moment has propelled public companies like Peloton to stratospheric highs — its market cap is about to eclipse $40 billion — but it has also pushed venture capitalists toward […]

WeWork sells majority stake in Chinese entity, seeks localization

Four years after its foray into the Chinese market, followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first backed WeWork China in its Series B round in 2018, the American […]