Funding Archives - Pandaily

Fidelity International Laid off 100 Employees in China

Fidelity International confirmed that it has decided to optimize some functions currently managed and supported by the company's Dalian Excellence Center.

Agibot Completes New Funding Round, Valuation Exceeds 7 Billion Yuan

Agibot has completed a new round of financing, with its current valuation exceeding 7 billion yuan, receiving support from Chinese automotive giants including BAIC, SAIC, and BYD.

ByteDance Raises Up to $600 Million in Funding For Its Subsidiary Dongchedi

ByteDance is raising up to $600 million in funds for its automotive information and transaction platform 'Dongchedi'.

AIsphere Received Funding of Over 100 Million Chinese Yuan

AIsphere is an AIGC visual multimodal algorithm developer, focusing on the research and development of AI video generation large models and applications.

Sequoia China Establishes Startup Accelerator Program YUÈ

Sequoia China on August 15 announced the establishment of a new startup accelerator program called YUÈ, which provides exclusive systematic entrepreneurship courses and resources for Chinese entrepreneurs from angel-round to A-round financing.

ABCDE Co-founder BMAN: Do the Right Thing

In June, BMAN announced he has teamed up with Jun Du, the cofounder of Huobi, to launch a $400 million fund named ABCDE. In this interview, BMAN recalls his past 10 years in the crypto world and introduces what ABCDE is trying to do.

Missfresh CEO Xu Zheng Refutes Funding Rumors

On August 2, Xu Zheng, founder and CEO of Missfresh, published a message on his personal social media account that denied rumors that Missfresh, a fresh food e-commerce platform, had a broken capital chain and was unable to operate.

Lightspeed China Partners Completes Fundraising of $7B

Chinese venture capital firm Lightspeed China Partners announced on July 12 that it has raised more than $7 billion in new funding.

Qiming Venture Partners Completes Fundraising of $3.2B

Venture capital institution Qiming Venture Partners announced that it has raised $3.2 billion for its new fund.

Sequoia Capital China Completes Fundraising of $9B

Sequoia Capital’s China affiliate has raised new funds totaling about $9 billion, to be used for investments in technology and healthcare. The firm received more than $12 billion in a 50% oversubscribed round.

Tencent to Invest 10 billion Yuan for New Basic Research Program Over Next 10 Years

Tencent started the application process for the "New Cornerstone Investigator Program" from July 1 to September 30, 2022.

China’s First Batch of Carbon Neutral ETF Products Approved

China's first batch of CSI SEEE Carbon Neutral Index ETFs was officially approved on Tuesday. Eight money management companies reported such ETF products in April this year.

Q&A With CyberConnect: We Are Building the Foundation of Web3’s Future

The day after CyberConnect closed Series A funding, Pandaily interviewed its co-founder, Shiyu Zhang, to gain insight into his observations and expectations of Web3 social graph protocol and Web3 in general.

Flexible Display Maker Royole Begins to Repay Staff Wages

A number of employees from Royole, a flexible display developer in China, told local media outlet on Thursday that, as of Friday night, they had received all the wages they were previously owed.

Alibaba’s Fresh Grocery Platform Freshippo Considers Funding at $10 Billion Value

Alibaba Group's grocery chain Freshippo is considering raising funds at a valuation of $10 billion.

Source Code Capital Announces Chang Kaisi As Partner: Previously Participated in ByteDance Investment

Chinese investment institution Source Code Capital announced on Wednesday that Chang Kaisi was promoted to partner.

Commercial Service Robot Company Uditech Completes C2 Round of Financing

Uditech, a global commercial service robot supplier, announced on Monday that it had completed a new round of financing.

After Two Rounds of Financing, Black Sesame Technologies Valued at More Than 10 billion Yuan, Xiaomi Leads Investors

Black Sesame Technologies, also known as BST.AI, is a high-tech company committed to research and development of autonomous driving computing chips and platforms.

ONES.AI Completes C Round of Financing, Nears $100 Million Total Financing Within Six Months

ONES.AI, founded in 2015, has grown into a leading provider of R&D management solutions in China, and its eight professional R&D management products run through the whole life cycle of software R&D.

Chinese Robotics Warehouse Startup HAI ROBOTICS Bags $200M Funding

Shenzhen-based warehouse robotics startup HAI ROBOTICS announced that it has secured two new continuous rounds of financing, garnering over $200 million in total.

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