
Xpeng Motors Raises $400 Million Before US Listing
Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
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Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
SinoHytec, a fuel cell system manufacturer based in Beijing, has submitted a prospectus for an IPO on the Hong Kong Stock Exchange (HKEx), following the expiration of a previous application submitted on January 27.
In last week’s VC news, Chinese tech-behemoth Tencent injected funds into a French payments startup while short-video powerhouse Kuaishou launched a new VC institution and more.
Leapmotor, which mainly develops, produces, and sells new energy vehicles, announced today that it had completed a new round of financing worth 4.5 billion yuan ($694 million).
Source Code Capital, a Chinese venture capital firm, announced on Monday that it had completed its fifth RMB-denominated fund at over 7 billion yuan (almost $1.1 billion), taking just over three months.
Chinese network security company Jidun Technology recently completed Pre-A financing worth tens of millions of yuan IDG Capital as the main investor.
Y.O.U, a makeup brand in based in Southeast Asia, announced on Wednesday that it has completed round-C financing of $40 million, led by Hidden Hill Capital.
Chinese media 36Kr reported that the underwear brand "NEIWAI" recently won the D round of financing for the sum of $100 million. This round of financing was led by a global US dollar investment group in addition to long-timeshareholders of Vertex Ventures, Qiming Venture Partners, as well as Investarget who is also acting as the exclusive financial advisor.
Weimu (Shanghai) Technology Co., Ltd., the parent company of moody, a colored contact lenses brand, has recently completed round C financing worth over 1 billion yuan ($156 million), led by KKR and 5Y Capital.
Beijing KEYi Technology Co., Ltd., an educational and entertainment robot company for consumer use, announced on Tuesday its completion of a new round of financing. The leading investor was Anker Innovations.
New York-based blockchain security company CertiK announced on Friday that it has completed a B3 round of financing worth $88 million, led by Insight Partners, Tiger Global and Advent International.
In last week’s China VC news: Chinese autonomous truck company Trunk Tech raises $30 million to develop next-generation technology, a slew of local chip makers complete fundraising rounds, and more.