China VC Weekly: Biggest Series A in Chip Industry, Big Data, Robots and AI
DataStory, a Chinese provider of big data and AI services, announced that it has raised a 120 million yuan ($17 million) series B+ round of strategic financing.
All Posts
Showing 12 of 13076 posts
Huafang Group Eyes Hong Kong IPO, Revenue in First Eight Months Nears $470 Million
According to HKEx disclosures on Monday, Huafang Group Inc. submitted a prospectus to be listed on the exchange's main board. CCB International and Haitong International are co-sponsors of the company.
10/27/20212 min read
Astrophysics in The Three-body Problem — Black Hole, Three Spheres and More
“When comparing the imaginary worlds with cutting-edge science, the latter is always crazier.” Liu Cixin, the Chinese author of the internationally acclaimed sci-fi novel The three-body problem, has expressed this opinion on various occasions. All of his inspiration and story ideas are already deep-rooted in the profound mine of natural sciences and astrophysics.
4/13/20196 min read
Chinese Coffee Brand Nowwa Coffee Continuously Secures $31.51 Million in B and B+ Rounds of Financing
Nowwa Coffee, a Chinese coffee chain, announced that it has completed two rounds of financing, namely, a B round and a B+ round, with a cumulative amount of 200 million yuan ($31.51 million) raised.
12/9/20212 min read
Huawei-Backed Vehicle Brand AITO Rapidly Expanding Sales Channels
AITO, a high-end smart car brand jointly operated by Huawei and SERES, a subsidiary of Chongqing Sokon Industry Group, is reportedly expanding its sales channels.
5/26/20223 min read
Xiaomi Awards 4,110 Participants with Total Equity Value of $290 Million
On the morning of March 28th, Xiaomi announced on the Hong Kong Stock Exchange that its board of directors awarded a total of 190 million shares of incentive shares to 4,110 selected participants under the share incentive plan on March 27th, 2023.
ByteDance’s Douyin Said to File HK IPO, Communication Underway on Underwriting Issues
ByteDance is considering listing its viral video-sharing unit Douyin in Hong Kong and people familiar with the matter said that investors including Goldman Sachs have communicated with ByteDance on the underwriting issues.
Chinese Electronics Company TCL Releases Two New Smart Glasses at CES
TCL, a Chinese electronics company, unveiled two new pairs of smart glasses, the TCL NxtWear Air and TCL Leiniao Air, at the 2022 International Consumer Electronics Show (CES) on Thursday.
1/6/20222 min read
Miniso Apologizes for Product Translation Error
The Spanish-language Instagram account of Chinese retail firm Miniso previously posted photos of products named "mystery toy boxes featuring Disney Princess dolls." In the post, dolls wearing traditional Chinese qipao dresses were mistakenly translated as "Japanese geishas."
8/10/20223 min read
Trip.com Obtains Go-Ahead for Secondary Listing in Hong Kong
Chinese travel company Trip.com Group has passed the hearing for its secondary offering on the Hong Kong Stock Exchange, according to a draft prospectus filed to the bourse late Tuesday.
Luckin Coffee Announces Successful Conclusion of Provisional Liquidation
Chinese beverage chain Luckin Coffee on Monday announced that, pursuant to an order by the Grand Court of the Cayman Islands dated February 25, 2022, the firm's winding up petition has been dismissed.
3/8/20222 min read
Huawei Denies Plans to Promote Independent Operation of Its Car Business Unit
On August 11th, Huawei denies the rumors that "Huawei intends to promote the independent operation of its Car Business Unit and is currently in close contact with Chongqing State-owned Assets Supervision and Administration Commission for cooperation matters."