Last week’s biggest VC fundraising announcements included the 180 million yuan investment raised by Bilibili E-sports, WeRide’s $310 million Series C, VISEN Pharmaceuticals' $150 million Series B, and the latest $46 million round raised by robot-maker Jaka.
China’s leading L4 autonomous driving mobility company WeRide announced Thursday it completed the Series B2 and B3 financing, marking that WeRide has raised a total of $310 million in a Series B funding.
L4 autonomous driving company WeRide announced Wednesday the completion of its Series B1 funding with a strategic investment of $200 million from Yutong Group.
Baidu Inc. on Dec. 4 was granted the first permit by the Beijing transportation authorities for five of its vehicles to conduct fully driverless road tests.
Gracell Biotechnologies raises $100 million in Series C round.
Baidu, Inc. on Sept. 15 held its annual technology conference, Baidu World 2020, in cooperation with CCTV via livestreaming, showcasing its latest innovations in the AI sphere.
Guangzhou-based L4 autonomous driving company WeRide on Sept. 10 launched autonomous driving services in villages in the city in Guangzhou, which is currently in the road test stage.
Baidu on Sept. 10 launched the Apollo Go Robotaxi service in Apollo Park in Beijing, covering nearly 100 pick-up and drop-off stations in Yizhuang, Haidian and Shunyi districts.
After conducting over 519,000km of road tests in Beijing, Baidu’s Apollo Go Robotaxi service was approved for phase 2 of autonomous vehicle road tests with passengers on board on Aug. 24.
Didi began its Robotaxi service with on-board drivers and safety control center in case of emergency in designated areas in Shanghai.
Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.
Several interesting news surfaced last week, with China’s VC industry getting back on its feet.
The past week saw exciting news surface regarding several players in China’s AI and automation space, with one of the most prominent AI unicorns 4Padadigm raising two hefty rounds and adding another $1 billion to its valuation.
AI, Big Data, Telematics and Logistics services caught investors’ attention and raised significant funds, hinting at a bright future for such services in the digitizing world.
Beijing-based Neolix, a startup focusing on developing autonomous delivery vehicles, has seen their order volume rise given the huge surge in demand for this technology.