financing Archives - Page 6 of 42

Virtual Content Startup Huiye Technology Secures Pre-A+ Round Financing

AI-generated content (AIGC) services provider Huiye Technology announced on October 10 that it has completed a pre-A+ round of financing led by GL Ventures and followed by Shunwei Capital.

China’s Geely Buys 7.6% Stake in Aston Martin

Leading Chinese car manufacturing group Geely announced on September 30 that it had completed its acquisition of a 7.60% stake in British luxury marque Aston Martin.

Chip Design Firm Luxic Secures Hundreds of Millions of Yuan in Financing

Luxic, a chip design company that focuses on the optical communications field, announced on September 28 that it has completed two rounds financing worth over 100 million yuan ($13.8 million).

Chinese Private Equity Firm Hillhouse Launches “Aseed+” Early-Stage Fund

Beijing-based private equity firm Hillhouse announced the official launch of its "Aseed+" seed fund project on September 28, which will focus on sectors including manufacturing, new energy, new materials, biotechnology, and carbon neutrality.

Smart Driving Firm Horizon Robotics Secures Investment From Automaker Chery

Horizon Robotics, a manufacturer of in-vehicle smart chips, announced on September 26 that it has received strategic investment from Chery Automobile, with funds to be used primarily for the development and mass production of chips.

EV Firm Faraday Future Adjusts Board and Obtains $100M in New Financing

On the evening of September 26, Faraday Future announced that it had reached a final agreement with FF Top Holding LLC, a major shareholder of the firm, on financing and board reorganization.

Revealing Tencent’s Investment Map in the Medical Field

Tencent has made six major moves within the medical field this year, investing in several medical device enterprises.

Cloud Gaming Tech Firm Well-Link Secures $40M in Round-B2 Financing

Well-Link, a Chinese cloud gaming services provider, announced that it has completed a B2 round of financing totaling $40 million yuan, led by Temasek.

Cambricon SingGo Secures Investment From Bosch

Smart car chip firm Cambricon SingGo announced on September 22 that it has received investment from Robert Bosch Venture Capital GmbH (RBVC) under Germany's Bosch Group.

New Energy Storage Firm WeView Bags $56.8M in Several Rounds of Financing

WeView, a Shanghai-based new energy storage enterprise, announced on September 21 that it had completed several rounds of financing in six months, with a total amount exceeding 400 million yuan ($56.8 million).

China’s Fosun Denies Reports of Mandatory Exposure Check by Banks

Following reports that Chinese regulators are requiring domestic banks and some state-owned enterprises to check their exposure to Fosun and related enterprises, the private investment company responded on September 14 that the news is totally false.

Smart Glasses Maker Qidi Secures 100M Yuan in Angel-Round Funds

Qidi, a smart glasses manufacturer, announced on September 13 that it has completed an angel round of financing totaling 100 million yuan ($14.4 million), with investment from Joy Capital, Matrix Partners and Meridian Capital.

Blockchain Gaming Firm Animoca Brands Raises $110M in New Funding

Animoca Brands, a leader in digital entertainment, blockchain, and gamification, announced on September 8 that it has closed a strategic investment round totaling $110 million.

Web3 Infrastructure Startup Mysten Labs Secures Financing From Top Crypto Names

Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced its completion of a $300 million Series B funding round on September 8. This fresh capital values the company at more than $2 billion.

Web3 Energy Firm Tesseract Secures $78M in New Funding

Web3 energy company Tesseract has raised $78 million in a funding round with participation from Balderton, Low Carbon, Ribit Capital, former Formula One driver Nico Rosberg and others.

Chinese Commercial Aerospace Firm GalaxySpace Bags New Round of Financing

Beijing-based commercial aerospace firm GalaxySpace announced on September 7 that it has completed a new round of financing, bringing it to a post-investment valuation of about 11 billion yuan ($1.58 billion).

Crypto Incubator and Advisor PANONY Secures Round-A Funding

Blockchain-focused incubator, investor and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia's largest crypto investment firms, boosting it to a valuation of $100 million.

Chinese Fitness App Keep Updates HKEx Prospectus

On September 6, Keep, a Beijing-based sports tech firm, updated its prospectus on the Hong Kong Stock Exchange (HKEx).

Unmanned Forklift Robotics Company Tusk Raises Hundreds of Millions of Yuan

Tusk, an unmanned forklift robotics company, has received three rounds of financing totaling several hundred million yuan, following investment by Engage Capital, ZhenFund and 01VC.

SaaS Service Provider Mogulinker Secures C1 Round of Financing

Mogulinker, an AIoT SaaS service provider based on the industrial Internet, announced on September 2 that it had completed the C1 round of financing worth more than 100 million yuan ($14.5 million).

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