TagChina VC Weekly

Two prominent Chinese coffee chains Seesaw and M Stand both raised considerable rounds that will go towards expansion, while prominent local AI firm 4Paradigm bagged over $230 million for R&D and ecosystem improvement.

In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.