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.
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.