Showing 12 of 101 posts with this tag
Two prominent Chinese coffee chains Seesaw and M Stand both raised considerable rounds that will go towards expansion, while prominent local AI firm 4Paradigm bagged over $230 million for R&D and ecosystem improvement.
In last week’s China VC news, Meridian Capital announces the closing of its 2.12 billion yuan Fund VI, Zhangmen submits documents for a New York IPO, and China Merchants Bank partners with blockchain developer Nervos Foundation.
In last week’s VC news, several prominent Chinese robotics companies raised considerable E-Finance rounds from investors, and more.
Chinese electric vehicle maker WM Motor has completed a 10 billion yuan D round of financing
In last week’s VC news, direct-to-consumer e-commerce platform Cider bags $130 million for brand building, Xiaomi backs AI company Studio 51, Didi rival Caocao rakes in a massive $589 million round, and more.
In this week’s VC news: HeyTea to raise a new massive round, WeRide raising over $600 million in just 5 months and early stage startup focused VC fund Northern Light closes new round.
This week’s China VC news: the flying car subsidiary of EV-maker Xpeng Motors, HT Aero, bagged a whopping $500 million Series A investment, and more.
AI and Cloud were the VC focus in China this past week.
In last week’s VC news, Tiger Global led the latest round of financing for Karat, cancer therapy developer Anticancer Bioscience raked in over $10 million in its latest financing round, and more.
The coronavirus outbreak is still in full force, limiting business opportunities and impelling investors to put their activities on hold.
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.
In last week’s VC news, Didi rival T3 bagged over a billion dollars in financing for market expansion, Alibaba injected funds in a young content creation company DGene, and more.