China VC Weekly: Drugs, Semiconductors, and Self-Driving Cars
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, semiconductor upstart Southchip secured $46 million in its latest funding round, while autonomous driving startup QCraft secured backing from Meituan and $100 millio…
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