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.
China’s VC activity is beginning to recuperate with a series of notable investments from ByteDance, Meituan Dianping, Matrix Partners China and others.
