Vesta Food Lab, a Chinese plant-based substitute startup has completed a new round of financing worth RMB 16 million (USD 2.3 million) led by Xuerong Biotech.
Cooking-sharing app Home-Cooked has halted operations, indicating the downsides of sharing economy in today’s China.
Former Microsoft executive vice president of Artificial Intelligence and Research Harry Shum has been appointed the chairman of the board of local news platform News Break.
Chinese E-commerce Grocery Startup MissFresh has completed a new round of financing at a pre-investment valuation of more than $3 billion.
China's cloud artificial intelligence-training platform Enflame Technology, backed by Tencent, raised RMB 700 million ($98.6 million) in Series B funding.
Chinese electric vehicle startup NIO has secured a $1 billion financial lifeline from several state-owned investors led by Hefei City Construction and Investing Holding.
Inceptio Technology announced that it has completed $100 million in equity financing.
CSRC announced the launch of a pilot registration system for ChiNext, the NASDAQ-style growth enterprises board at the Shenzhen Stock Exchange, outlining the pilot adoption of a registration-based IPO system.
As part of the collaboration, users will be able to hail rides with ‘AutoX RoboTaxi’ through the AutoNavi smartphone app.
Faraday Future (FF) announced the appointment of Brian Krolicki as the first independent member of its board of directors.
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.
Vesta Food Lab, China’s first venture-capital-backed food tech startup focusing on plant-based food, is set to launch its local brand “HUICUI” and introduce their meatless spaghetti with Ramen Talk.
Chinese self-driving company AutoX is launching a big data center in Shanghai. It will serve as the largest data hub for self-driving car data in China.
China's Tencent and several other investors committed an additional investment of $120 million to the digital financial services company Voyager Innovations.
The firm aims to facilitate the digitization of government apparatuses and the financial services industry.