financing Archives - Page 5 of 202

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.

Virtual Livestreaming Firm MRStage Wins A-Round Financing Worth Around $13.7M From Alibaba

MRStage, a Chinese online virtual activity services provider, has recently completed round-A financing worth around 100 million yuan ($13.7 million) from Chinese tech giant Alibaba, which also became its shareholder on October 26.

Intelligent Energy Solution Provider ZD Power Secures Round A of Financing Worth Over $13.8M

ZD Power, a Chinese smart energy solution provider, announced on October 27 that it had completed an A Round of financing exceeding 100 million yuan ($13.8 million). This round of financing was led by GL Ventures and was followed by Source Code Capital and Creo Capital.

Geely’s Farizon Auto Breaks $300M in Pre-A Round Financing

Geely-owned new energy vehicle brand Farizon Auto on October 26 announced its completion of pre-A round financing totaling over $300 million, led by Hidden Hill Capital which is backed by Singapore's Global Logistics Properties Ltd.

Fosun Terminates Business Engagement With Moody’s Rating Service

Chinese conglomerate Fosun International Limited has stated that it officially notified Moody's on October 12 of its decision to terminate business engagement with the rating service, ceasing to provide relevant information on the firm effective from that day.

GAC Aion Completes Round-A Financing, Market Value Breaks 100B Yuan

Chinese automaker GAC Group announced on October 20 that its subsidiary GAC Aion has completed round-A financing of 18.294 billion yuan ($2.42 billion) from a total of 53 strategic investors, boosting its post-investment valuation to 103.294 billion yuan.

Hemi App: A Digital Community for Gen Z’s Career and Social Development

Established in October 2021, a Chinese app called Hemi is positioned as a career and social development community targeted at Gen Z college students. This year, it received angel investment reaching several million yuan from venture capital institutions and entrepreneurs.