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.
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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.
Xiaohongshu's possible Series E, US-based food delivery company seeing a surge in contactless takeaway orders, a Chinese ed-tech startup providing online research counseling, a medical diagnostic company and a major local hotel chain.
China’s VC activity is beginning to recuperate with a series of notable investments from ByteDance, Meituan Dianping, Matrix Partners China and others.
As the coronavirus spreads around the world creating a new wave of panic and uncertainty, the VC landscape starts to look desolated again.
China’s VC market is coming into its own as the coronavirus outbreak seems to be easing its grip on the country.
Among the most notable domestic news is the Series A round raised by the Shanghai-based VR startup Oasis VR.
The coronavirus outbreak is still in full force, limiting business opportunities and impelling investors to put their activities on hold.