
China VC Weekly: AI, Used Cars and Neuromedicine
Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
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Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.
Enterprise services were the center of attention last week.
In this week’s VC news: Convenience store chain Bianlifeng and education firm Jianzhi Education prepare for US listings, Alibaba Group launches a new fund, and more.
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
In this week’s VC news, self-driving truck pioneer Inceptio Technology closed a $270 million round of financing and aims to start mass producing its proprietary autonomous driving system.
Private space launch firm LandSpace bags $172 million
In last week’s VC news, Microsoft’s China-based spin-off gets a new injection granting it unicorn status, local lingerie industry leader Neiwai raises a whopping $100 million in the latest round, Alibaba and SAIC motors back smart vehicle software startup Banma, attracting $46t4 million in investment from a cohort of new and old backers, all that while the Tencent-backed Indian streaming giant Gaana raises $40 million in debt financing.
In last week’s VC news, several prominent chip makers raised considerable funds, toy robot maker Robosen bagged nearly $100 million and more.
In last week’s VC news, robotics reaps funding, Sequoia China takes on French fashion, tourism tries again, livesteaming attracts funding, and more.
This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech.
In last week’s China VC news, Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, ECARX raised $200 million and Ocean Link secured commitments for a new fund.