Chinese technology company Meitu expected to record a net loss of 274.9 million yuan to 349.9 million yuan ($41.1 million - $52.3 million) for the six months ending June 30, 2022. The firm said this is mainly due to the imbalance of purchased cryptocurrencies.
JINGdigital, a marketing tech firm, announced on Friday that it had completed a round of A+ financing totaling 50 million yuan.
An affiliated company of Xiaomi added external investment on Monday. The newly-added enterprise is Zhuhai Xinshijie Semiconductor Technology, with an investment ratio of 15%.
Chinese game publisher miHoYo recently sued Minmetals International Trust Co., Ltd. ("Mintrust") following a business trust dispute.
Investment institution Hillhouse Capital has reportedly been seeking buyers for some of its projects. The firm has responded to the news, claiming that "secondary fund is our new strategy."
ByteDance's plan to launch a VC brand “Jinqiu Venture Capital” has been reportedly changed, and the brand name was no longer called “Jinqiu”.
Chinese state-owned carmaker SAIC Motor plans to subscribe an additional capital contribution of 7.5 billion yuan to the Qingdao SAIC Innovation and Upgrading Industry Equity Investment Fund Partnership (L.P.).
According to an announcement released Thursday by automaker BYD, the company and its holding subsidiary BYD Precision Manufacturing plan to increase capital contributions to BYD Auto Finance.
On Thursday, Solidrocks Technology, a security company in China, announced that it completed an angel investing round worth of 10 million yuan. The deal was jointly invested by Plum Ventures and Weed Ventures Capital.
Chinese lithium battery materials maker Shanshan Corporation announced on Monday that it plans to win more investment from its four strategic investors through its wholly-owned subsidiary.
On Tuesday, Forbes released The Midas List of the top-performing investors from around the World in 2022. Neil Shen, the founding and managing partner of Sequoia China, ranked third in the world.
Seasoned investment firm Sequoia Capital's current chief Doug Leone has named Roelof Botha as his successor on Tuesday. Neil Shen will continue to lead the firm’s China business as the founding and managing partner.
Shanghai-based video streaming platform Bilibili recently acquired a wholly-owned stake in Mobao Network, whose main business is the development of mobile games.
In last week’s VC news, EV chassis maker PIX completes pre-A round from an undisclosed investor, prominent autonomous driving firm WeRide closes massive $400 million fundraising and more.
Pinduoduo, China’s largest agriculture platform, said it will step up its efforts in promoting digital inclusion and continue to focus on research and development, as the company records a 59% gain in annual orders.