Month: December 2018

Alibaba leads $86.53m round in smart projector maker JMGO

China’s e-commerce giant Alibaba has led a RMB600 million ($86.53 million) Series D round in JMGO, producer of smart theater projectors, CMN reported. Other investors who participated in the round include Junsan Capital, Sunz Fund, Stone Capital, GF Xinde Investment, Beijing D.Z Capital Co. Ltd among others. The company raised its Series C round of $90 million in 2016, led by Golden Brick Capital, Qianhai Zhongjin Group.

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Chinese space startup Commsat launches seven mini-satellites

Seven mini-satellites mostly designed and assembled by a Chinese space startup, Commsat Technology Development Co, blasted off on Friday afternoon, which its designers say will attempt to test the “internet of things” technology in fulfilling tasks such as tracing cargo ships and monitoring endangered wildlife.

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