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On December 14th, NetEase's market value on the Hong Kong Stock Exchange reached HKD 53.06 billion, surpassing Meituan to become the fourth largest internet company in China by market capitalization.
The large-scale unicorn company StepFun has completed its Series B financing, with a total financing amount reaching hundreds of millions of US dollars.
This week: Baidu airdrops NFTs ahead of digital collectible marketplace launch, Chinese socialverse Oasis closes Series-B financing round, and more.
Alibaba plans to ramp up its investment in AI infrastructure, basic model platforms, AI native applications, and the AI transformation of existing businesses as part of its core AI strategy.
Blue Wall, a high-tech Chinese firm dedicated to developing underlying software for the real estate industry, recently announced it has raised 50 million yuan ($7.86 million) in a Series A financing round.
Parcel, an NFT marketplace for virtual real estate, announced on Tuesday the closing of a $4 million seed round led by Framework Ventures, a venture capital firm known for its early entry into Web3 and decentralized finance (DeFi).
Suzhou Flagchip Semiconductor Co., Ltd. (Flagchip), a new company that focuses on automotive chips, announced the completion of a new round of financing.
Yami, the largest online shopping platform in North America specializing in Asian commodities, announced Wednesday that it has raised round-B financing of $50 million.
Tiantu Capital is expected to become the first local VC listed on the National Equities Exchange and Quotation (NEEQ) and Hong Kong Stocks Exchange in China.
This week: IOC launches Beijing Olympics-themed NFT mobile game, Binance Labs makes strategic investment in Animoca Brands subsidiary GAMEE, Hong Kong to launch CNY pilot soon after spring festival, and more.
Starna Therapeutics, a Chinese firm focusing on the research and development of new mRNA drugs, recently announced the completion of round-A financing totaling 150 million yuan ($22.1 million).
On February 19, SiliconFlow, a Chinese AI startup, announced the completion of its Pre-A round funding, raising over 100 million yuan ($14 million).