
China VC Weekly: Hillhouse Moves Uphill With New Fund
In last week’s VC news, Hillhouse Capital Group plans to set up a 5 billion yuan fund, Airwallex bags $100 million at a $5.5 billion valuation and more.
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In last week’s VC news, Hillhouse Capital Group plans to set up a 5 billion yuan fund, Airwallex bags $100 million at a $5.5 billion valuation and more.
Alibaba invests in O2O beauty services provider Helijia.
In last week’s VC news: Shenzhen Tengyin raises roughly $15 million in a Series A+ round, EdiGene bags $62 million, while Liaye, founded by former Baidu employees, raises $50 million.
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.
In last week’s VC news, Fintech pros from Airwallex completed a $200 million Series E round at a $4 billion valuation, Autonomous driving startup DeepRoute.ai raised roughly $300 million in Series B round, and more.
In last week’s news, Chinese computer vision startup Clobotics secured roughly $31 million in funding to be used for research and development, prominent VC firm Source Code Capital raised $1 billion in capital commitments and online grocery company Dingdong Maicai raked in over $700 million from regional expansion.
China Renaissance’s Huaxing Growth Capital raises new $600 million fund
In last week’s VC news, Chinese tech-behemoth Tencent injected funds into a French payments startup while short-video powerhouse Kuaishou launched a new VC institution and more.
Last week saw a fundraising announcement from the Singapore-based Chinese language learning platform LingoAce. Guangzhou-headquartered agricultural drone maker Jifei Technology raised a record $182 million.
In last week’s China VC news: Chinese autonomous truck company Trunk Tech raises $30 million to develop next-generation technology, a slew of local chip makers complete fundraising rounds, and more.
In last week’s VC news, General Motors invests in Chinese autonomous driving startup Momenta, Nreal raises new funds for international expansion, NetEase invests in game publisher Kepler Interactive.
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.