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In last week’s China VC news, local coffee brand Nowwa Coffee bags $31.51 million in its Series B and B+ Rounds, supermarket chain T11 rakes in $100 million in its latest financing round led by Alibaba and more.
Chinese short video platform Kuaishou held a meeting among its Internationalization Division on Thursday. Qiu Guangyu, the former head of the division, said he would leave the job in the near future due to personal reasons.
China’s financial technology giant Alibaba’s Ant Financial Service Group Co. cut credit limits for some young users on its digital consumer lending platform Huabei in recent days.
At around 10 pm on December 10 in China, an animated series based on sci-fi trilogy "The Three-Body Problem," which had been online for less than 12 hours, exceeded 100 million views on domestic video streaming platform Bilibili.
PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.
Robin Li, co-founder and CEO of Baidu Inc., gave a keynote speech themed “New Infrastructure, The New Starting Point of Artificial Intelligence” at the WAIC cloud summit on July 9.
ByteDance has activated at least four chip projects, including AI chips, server chips, FPGA NIC (intelligent network card in Field Programmable Gate Array or FPGA) and RISC-V.
On November 17, Trip.com Group signed a three-year Memorandum of Understanding with the China International Culture Association to promote inbound tourism.
Chinese tech company DJI, known for their aerial photography and videography, has put drones aside to introduce its first-ever robot built explicitly for education—the RoboMaster S1.
Envision Digital, a Singapore-based green tech firm, announced on Tuesday that it has finished round-A financing totaling $210 million, led by Sequoia China and backed by Singaporean sovereign wealth fund GIC.
In a statement on Thursday, Spark Education said it has deposited all tuition collected in advance in the banks as regulated, and promises "not to spend a penny of this money."
Lawyers for Huawei’s CFO, Meng Wanzhou, have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to her arrest.