
Baidu Terminates $3.6 Billion Acquisition of YY Live
Delivery conditions have not been fully met, Baidu, Inc. terminates the $3.6 billion acquisition of YY Live.
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Delivery conditions have not been fully met, Baidu, Inc. terminates the $3.6 billion acquisition of YY Live.
E-Bike brand URTOPIA announced on Friday that it has completed a Pre-A round of financing with a total amount of nearly $10 million, jointly led by Lightspeed China Partners and DCM.
Robotics company Mech-Mind Robotics announced on Monday that it had completed a C+ round of financing. This round of financing was led by one of the world's top investment institutions, followed by IDG Capital.
Chinese medical technology firm magAssist has completed a C round of financing worth nearly 500 million yuan ($78 million), led by Sequoia China, followed by CDH Innovation and Growth Fund and Cenova Capital.
Supply chain and logistics services provider JD Logistics is said to be preparing for an initial public offering (IPO) next year with an estimated valuation of $40 billion, according to Reuter’s International Financing Review (IFR.)
In last week’s VC news, Sequoia China and CATL invest in intelligent manufacturing startup AIMS, Xpeng injects funds in a young lidar company, and more.
Yuanhua Intelligent Technology (Shenzhen) Co., Ltd. (Yuanhua Tech) completed a round-B financing worth several hundred million yuan.
AkuSense, a provider of industrial smart sensor solutions, announced on July 5 that it had closed a Series A+ financing round worth nearly US$10 million with Shunwei Capital as the leading investor.
Surface acoustic wave (SAW) filter manufacturer Zhangjiagang Sxsaw Electronic Technology Co., Ltd. announced Tuesday that it had completed an A+ round of financing worth 100 million yuan ($15.7 million).
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.
GTA Semiconductor carried out a change in registration with the country's Industrial and Commercial Administration on December 31, 2021, adding Xiaomi and other firms as shareholders.
Ashermed, a digital clinical research organization (CRO) focusing on the post-launch services market for innovative medical equipment, announced the completion of round-B financing of over $14.86 million.