financing Archives

Chinese BCI Startup NeuroXess Secures Round-A Financing

NeuroXess, a brain-computer interface (BCI) company based in Shanghai, announced on December 28 that it has completed round-A financing worth several hundred million yuan.

Chinese GPU Firm Moore Threads Bags B Round of Financing Over $215M

Moore Threads, a Beijing-based GPU company, announced on December 27 that it had received a B Round of financing worth 1.5 billion yuan ($215.5 million).

Online Collaboration Platform Fabrie Secures Pre-A+ Round of Financing

Fabrie, an online collaboration tool for the global design market, has recently completed a pre-A+ round of financing, led jointly by CDH Investments and Sequoia China Seed Fund, followed by Volcanics Venture and BAI Capital.

GCL Perovskite Bags B+ Round of Financing Worth $72M

GCL Perovskite, a perovskite solar module developer under GCL Technology Holdings Limited, a leading Chinese photovoltaic material manufacturer, announced on December 14 its securing of 500 million yuan ($72 million) in a B+ round of financing.

Geely Subsidiary Zeekr Confirms Application for U.S. Listing

Chinese vehicle manufacturer Geely Automobile announced through the Hong Kong Stock Exchange on December 13 that its subsidiary Zeekr, a premium electric car brand, has submitted a draft registration statement for a possible IPO to the US SEC on a confidential basis.

Alibaba’s Joseph Tsai Invests in Web3 Video Platform

Shibuya, a Web3 video platform, received seed round funding of $6.9 million on December 8, led by a16z crypto and Variant, which was also the first Web3 startup to publicly accept investment from Joseph Tsai, co-founder and executive vice chairman of Alibaba.

Xiaomi Invests in Automobile Chip Firm “Rhino”

Hanxing Venture Capital, a Xiaomi affiliate, recently increased its investment in Hefei-based chip firm Rhino. The company's core products are autonomous driving chips but is also involved in developing autonomous driving solutions and development tool chains.

Meituan Invests in Sodium-Ion Battery Developer Chaona New Energy

Beijing-based life services e-commerce platform, Meituan, had one of its subsidiaries invested in Huzhou Chaona New Energy, with a shareholding ratio of 10%.

Self-Driving Tech Startup QCraft Secures Round-B1 Financing

QCraft, a Beijing-based provider of autonomous driving solutions, announced on December 2 its completion of a B1 round of financing worth several hundred million yuan.

PhiGent Robotics Bags Round-A+ Financing as AMD’s Former Global VP Joins Startup

Autonomous driving startup PhiGent Robotics announced on December 1 its completion of round-A+ financing worth tens of millions of dollars. AMD's former global vice president, Shan Yi, has officially joined as a co-founder and the CEO of the startup.

Autonomous Driving Startup Hyperview Secures Round B Financing

Hyperview, an autonomous driving startup in China, announced on November 28 that it had completed the B round of financing worth several hundred million yuan.

Former Huawei Sub-Brand Honor Bags Strategic Financing

Chinese smartphone maker Honor has secured a new round of multi-billion yuan strategic investment. This is its first known major strategic funding since conducting equity financing in December 2021, after it spun off from Chinese tech giant Huawei in November 2020.

Chinese NEV Brand Voyah Secures Round-A Financing Worth $702M

On the evening of November 17, Voyah, a high-end new energy vehicle brand under Chinese state-owned automobile manufacturer Dongfeng Motor, announced its completion of round-A financing.

Solar Encapsulant Film Firm Sinopont Bags Round-D Financing

Sinopont, a Chinese solar encapsulant film manufacturer, announced on November 16 that it has completed round-D financing worth several hundred million yuan. Source Code Capital participated in this round of investment.

Metaverse Platform Yahaha Bags $40M in Round-A+ Financing Led by Temasek and Alibaba

Virtual user-generated content metaverse platform Yahaha announced on November 15 that it has completed round-A+ financing totaling $40 million, jointly led by Temasek and Alibaba and followed by 37 Interactive Entertainment.

Air Suspension System Firm KH Automotive Technologies Secures Round-B Financing of $72M

KH Automotive Technologies, a supplier of air suspension systems for passenger cars, announced on November 14 its completion of round-B financing totaling 510 million yuan ($72 million).

Automated Driving Startup HoloMatic Secures C2 Round of Financing

HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.

Atech Automotive Secures C Round of Financing Worth Over $69M

On November 8, Atech Automotive (Wuhu) Co., Ltd., a smart vehicle equipment manufacturer, announced the completion of a new Round C financing deal exceeding 500 million yuan ($69 million). Hubei Xiaomi Changjiang Industrial Investment Fund Management is one of the lead investors.

Decentralized Social Graph Lens Protocol Secures Investment From FTX Ventures

FTX Ventures, a capital investment fund under crypto exchange FTX, has invested in Lens Protocol, a composable and decentralized social graph created by the team behind decentralized finance lending platform Aave.

Xiaomi Invests in Automotive Chip Developer Pride Silicon

Pride Silicon, an automotive chip developer, completed a pre-A round of financing worth tens of millions of yuan, which was exclusively invested by Xiaomi's industrial investment affiliate.

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