Showing 12 of 829 posts with this tag
Super Panther, a Chinese new energy heavy truck slider chassis developer, announced on August 1 that it has obtained strategic financing totaling tens of millions of yuan from Sequoia China Seed Fund and Shunwei Capital.
MegaRobo, an intelligent life science enterprise, has announced its completion of C-round financing totaling $300 million. The funding was jointly led by Goldman Sachs Asset Management LP, Asia Investment Capital and GGV Capital.
The annual report shows that in 2023, Faraday Future had revenue of $800,000 and a cost of sales of $43 million, both of which were zero in the same period of the previous year.
Tencent's net profit in the second quarter increased by 33% year-on-year, and the usage time of video accounts nearly doubled.
Contract development and manufacturing organization (CDMO) IntellectiveBio announced its completion of round-C financing on August 5, with a total amount exceeding 500 million yuan ($74.1 million). This round was led by Gaorong Capital and CTS Capital.
Sunwoda, a leading developer of lithium-ion battery modules, announced that its subsidiary Sunwoda EVB plans to invest in the construction of a 30GWh power battery production facility.
On July 19, Chinese smart chip company CIX announced the completion of a Pre-A round of financing. It was jointly led by NIO Capital and Qiming Venture Partners.
Alibaba Group CEO Eddie Wu revealed that the tech giant plans to invest over 380 billion yuan in the next three years to bolster its cloud and AI hardware infrastructure.
Starblaze Technology Co., Ltd. announced the completion of a B2 round of financing totaling 300 million yuan.
In the last few months, Chinese electric vehicle maker WM Motor has experienced a series of upsets, such as internal salary reductions, headquarter layoffs, co-founder resignations and about 130 million yuan ($18.9 million) of assets being frozen.
Shenzhen-based smart home appliance provider Orvibo announced on Monday its completion of a new round of financing.
Chinese display chip solutions provider Chipone Technology (Beijing) Co., Ltd. announced that it had completed its round E of financing, which exceeded 6.5 billion yuan ($1.02 billion).