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China’s IDG Capital and Breyer Capital Raise $1 Billion Fund

Jul 14, 2016 10:22 AM EDT

Prominent investor Jim Breyer along with Chinese firm IDG Capital Partners have raised what many consider to be the largest venture capital fund in China. This new venture was formed despite concerns that the Chinese tech market is already overcrowded, and it would be a struggle for late-stage startups to get a traction.

Circle uses the digital currency bitcoin to manage worldwide money transfers.

Payment App Circle to Expand Payment Service in China with $60 Million Funding

Ellie Froilan |

Jun 23, 2016 05:49 AM EDT

Circle Internet Financial Ltd. has announced that it has already raised raised $60 million in new funding from China-based investors. The company also unveiled a dedicated domestic subsidiary, Circle China.