Qualcomm-backed Nreal, announced the completion of a $40 million B1 round of financing led by the Chinese short-video giant and TikTok nemesis Kuaishou.
Alibaba invests in O2O beauty services provider Helijia.
Artificial meat company Starfield nets a $10 million series A, who currently offers nearly 20 artificial meat product titles.
Chinese Tencent-backed insurance tech company Waterdrop Inc. announced that it has raised roughly $200 million at a valuation of approximately $2 billion, according to sources familiar with the matter.
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
Chinese grocery e-commerce platform MissFresh announced Thursday a new $495-million funding round led by a fund under state-backed China International Capital Corporation.
One of China’s top EV-makers, Xpeng Motors, announced that it has completed a C+ round of financing raising nearly $500 million.
China’s colorectal cancer screening leader, New Horizon Health announced the closing of a $30 million Series E financing round.
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.