Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.
NYSE-listed Tencent Music Entertainment Group (TME) announced a strategic partnership and minority equity investment in Wave, the market leader in interactive virtual entertainment experiences.
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
Chinese car-sharing provider GoFun recently completed its Series B financing with several investors amounting to hundreds of millions of RMB.
Chinese video platform Bilibili has completed its strategic investment in media company Huanxi Media, subscribing for 347 million additional common shares issued by Huanxi Media.
American shared workspace provider WeWork’s Chinese unit secured a $200 million investment led by Trustbridge Partners.
China’s Alibaba Group Holding Ltd. has put on hold plans to invest in Indian companies amid rising geo-political tension between the two nations.
This is arguably the world’s largest financing round in the online InsurTech industry so far this year.
Huawei invested a total of 200 million yuan and became limited partners (LPs) of the Shenzhen Hongtu Shanli Private Equity Investment Fund Partnership.
Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
China VC Weekly reports the updated investment information in fields of Chips, Biotech, Cleaning Robots and Car Rental.
Luckin Lenders won an order to wind down two entities owned by Lu Zhengyao, Chairman of Luckin Coffee.
After receiving $70 million cross-border investment in 2018, Chinese RTC service provider Agora.io these days planned its U.S. IPO.
Chinese multinational internet company ByteDance is looking to launch a second corporate entity in India after ByteDance India Services Ltd.
Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.