China VC Weekly reports the updated investment information in fields of Chips, Biotech, Cleaning Robots and Car Rental.
DataStory, a Chinese provider of big data and AI services, announced that it has raised a 120 million yuan ($17 million) series B+ round of strategic financing.
Nayuki Tea, one of the biggest bubble tea chains in China, will complete a new round of funding that will help the company raise close to $100 million.
Enterprise services were the center of attention last week.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.
This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech.
AI and Cloud were the VC focus in China this past week.
Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
Several interesting news surfaced last week, with China’s VC industry getting back on its feet.
The venture capital landscape has been looking rather bleak for the past several weeks with COVID-19 taking a heavy toll on the industry.
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.
Last week saw one of the most prominent Chinese TMT investors Qiming Venture Partners raise their seventh USD fund, a notable milestone for a fund partly responsible for the success of companies like Xiaomi and Meituan Dianping.
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.
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.