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Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.
China’s VC market is coming into its own as the coronavirus outbreak seems to be easing its grip on the country.
Most prominent fundraising news of last week brought together robot-maker Flexive, raising $100 million for expansion, online art education platform Meishubao, bagging over $210 million, and one of China’s most popular milk tea brands, Nayuki
As China emerges from the weeklong Lunar New Year break, local VC institutions have announced several prominent new deals.
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, and more.
In last week’s VC news, Matrix Partners completed two weighty capital injections in computer chips and robots, sweeping robot company LeSheng Smart secured its Series A+ financing round, and more.
In last week’s VC news, Kuaikan raised the biggest funding round ever in the country’s comics industry, chip maker Pingxin Technology closed a $10 million Pre-A round, while Geely’s Zeekr closed its first external financing round.
In last week’s VC news, one of China’s most active VCs Lightspeed China Partners closes the largest fundraising round in its history, and more.
In last week’s VC news: Chinese telematics powerhouse Pateo bagged a hefty 830 million yuan round of financing to help its R&D efforts; Space Transportation raised millions of dollars to build its hypersonic spaceplanes.
Last week was big for edtech fundraising news. Two of China’s largest edtech unicorns, Zuoyebang and Yuanfudao, both raised huge sums, pushing their valuations through the roof.
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
Capsule-size endoscope tool maker Jifu Medical completes Series C round of financing.