China VC Weekly: Hillhouse Moves Uphill With New Fund
In last week’s VC news, Hillhouse Capital Group plans to set up a 5 billion yuan fund, Airwallex bags $100 million at a $5.5 billion valuation and more.
11/24/20219 min read
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Huawei Unveils Smart Home Devices and Upgrades
On Wednesday, Huawei held a spring conference to launch a series of new products. Among the releases were a new generation of whole house smart solutions; WiFi devices; smart door locks, and more.
3/16/20228 min read
Chinese Online Grocer Dingdong Maicai Raises $700 Million in Latest Funding Round
Chinese grocery platform Dingdong Maicai has raised $700 million in a series D round of financing co-led by investment firms DST Global and Coatue Management as the startup continues its expansion in the crowded fresh food delivery market.
4/7/20212 min read
DiDi and SoftBank Launches Joint Venture in Japan to Offer Taxi-Hailing Service
Didi Chuxing (DiDi) announced a joint venture with SoftBank on July 19 to offer on-demand taxi-hailing services and smart transportation solutions for customers...
Xiaomi's AI Large Model MiLM Officially Passes the Record
Xiaomi's large language model MiLM has officially passed the filing for large models and will be gradually applied in Xiaomi's cars, phones, smart home products, etc.
5/17/20242 min read
Chinese Chipmaker Enkris Secures Several Hundred Million Yuan in Round B+ Financing
Suzhou-based Enkris Semiconductor Inc. announced on Thursday that it has secured several hundred million yuan in round B+ strategic financing.
3/4/20222 min read
Realme Quits OPPO's Online Mall
Smartphone brand realme was found on Friday to have withdrawn from OPPO's official online mall.
7/1/20222 min read
Kingsoft Cloud Submits F-1 Prospectus to SEC, Starts Pre-IPO Roadshows Next Week
Kingsoft Cloud plans to list on NASDAQ under the ticker KC. JPMorgan Chase, UBS, Credit Suisse and CICC will act as joint lead underwriters for Kingsoft Cloud's IPO.
4/20/20202 min read
China VC Weekly: Beauty and Education
Alibaba invests in O2O beauty services provider Helijia.
8/31/20203 min read
ByteDance: AI Smartphone Development Project Is Not True
ByteDance officials stated that they are exploring mobile-based large-scale software solutions to provide for reference by smartphone manufacturers.
Chinese Fan Girls Join Force to Cultivate Coronavirus Response
Transparency and diligence of fan organizations could be what is missing from most Chinese philanthropy organizations, and their management skills definitely came in handy as the coronavirus hit Wuhan.
2/17/20209 min read
Honor Launches Insanely Inexpensive Smartphone and Tablet with Epic Speakers
Honor released two new products at a product launch in Beijing on Oct. 11. The popular brand under Huawei released a new budget smartphone — the Honor 8C as wel...