China VC Weekly: Didi Rival Raises Stakes, Big Injections from Xiaomi and ByteDance
In last week’s VC news, direct-to-consumer e-commerce platform Cider bags $130 million for brand building, Xiaomi backs AI company Studio 51, Didi rival Caocao rakes in a massive $589 million round, while TikTok owner ByteDance leads a $31 million round for healthcare services platform Haoxinqing.
Chinese direct-to-consumer e-commerce firm Cider raises S…
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