Funding Archives - Page 2 of 3

Meituan-Affiliated Company Invests in Rong Semiconductor, Sending Registered Capital Soaring to 380 Million Yuan

Rong Semiconductor (Ningbo) Co., Ltd. has had many changes on its industrial and commercial registration page as of late, showing that its registered capital increased from 232 million yuan ($35.937 million) to 380 million yuan.

Geely-Backed Ride-Hailing Platform Caocao Chuxing Receives Billions in New Round of Financing

Chinese ride-hailing platform Caocao Chuxing has recently completed a new round of financing totaling several billions of yuan.

AI Computer Chip Startup Pingxin Technology Receives $10 Million in Pre-A Financing Round

Beijing-based artificial intelligence (AI) computer chip startup Pingxin Technology has completed a pre-A round of financing, amid a global push to enhance chip technology and an ongoing semiconductor shortage.

Bytedance Denies Setting up Private Equity Funds

That Tianjin Bytedance Management Consulting Co., Ltd. was officially renamed led to a hot debate in the venture capital community. Bytedance responded on Monday night that currently it had no plan to set up a private equity fund.

Consumer Robotics Company KEYi Tech Raises Tens of Millions of Dollars in Series B Round

36 Kr reported that KEYi Tech, a consumer robotics platform, recently received tens of millions of dollars in round B financing. This round of financing was led by Xiaomi and Shunwei Capital, followed by old shareholders Source Code Capital and BlueRun Ventures, with 100 Summit Partners as the exclusive financial advisor. Yang Jianbo, Founder & […]

Unmanned Delivery Firm White Rhino Auto Receives Nearly $10 Million in Pre-A Funding

On Thursday, Chinese autonomous driving company White Rhino, announced that it had secured nearly $10 million in Pre-A financing led by Linear Capital.

Chinese New Retail Unicorn KK Group Raises $300M Led By JD.COM

Chinese new retail enterprise KK Group, formerly known as KKguan, has recently completed a new round of financing worth approximately US$300 million.

HeyTea to Complete New Round of Funding for $9.27 Billion

According to PEDaily, several independent sources said that Chinese milk tea chain HeyTea is about to complete a new round of funding. At present, the amount of funding for this round has not been disclosed, though the company is currently valued at around $9.27 billion. HeyTea did not comment on the matter.

China VC Weekly: Computer Vision, Online Grocery and Source Code Capital’s New Fund

In last week’s news, Chinese computer vision startup Clobotics secured roughly $31 million in funding to be used for research and development, prominent VC firm Source Code Capital raised $1 billion in capital commitments and online grocery company Dingdong Maicai raked in over $700 million from regional expansion.

Chinese Online Grocer Dingdong Maicai Raises $700 Million in Latest Funding Round

Chinese grocery platform Dingdong Maicai has raised $700 million in a series D round of financing co-led by investment firms DST Global and Coatue Management as the startup continues its expansion in the crowded fresh food delivery market.

China VC Weekly: Semiconductors, Auto Solutions and More

In last week’s China VC news, Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, ECARX raised $200 million and Ocean Link secured commitments for a new fund.

Logistics Firm Lalamove Close to Raising $1.5b in Fresh Funding, Reaching $10b Valuation: Report

On-demand logistics and delivery company Lalamove is close to completing a $1.5 billion financing round that would bring its valuation to around $10 billion, according to Chinese media.

China’s Most Popular Fitness App Keep Valued at $2 billion Following New Funding Round: Reports

The valuation of China’s most popular fitness app Keep has risen to about $2 billion following a $360 million funding round, according to Chinese tech news site 36Kr.

Chinese Edtech Startup Zuoyebang Obtains $1.6B in funding, Reigning Over Online Tutoring Market

Chinese online education startup Zuoyebang raised $1.6 billion in a recent round of financing.

Leading Robotics Maker Flexiv Raises Over $100 Million

Leading robotics and AI company Flexiv raised more than $100 million in its Series B funding today for its adaptive robot Rizon.

China Edtech Startups Yuanfudao, Zuoyebang Raise Billions in Fresh Funding Rounds

Chinese online education platform Yuanfudao has raised $300 million in a new funding round, bringing the overall funding of the Beijing-based company to $3.5 billion this year.

China VC Weekly: Biotech, Open-source and New Hefty Funds

Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.

China VC Weekly: Medical Devices and Autoparts

Capsule-size endoscope tool maker Jifu Medical completes Series C round of financing.

China VC Weekly: Retail, Biotech, EVs and Digital Media

Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.

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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