Investment Archives - Page 3 of 8

ByteDance Invests in Cryo-EM and AI Biotech Startup Shuimu BioSciences

Beijing-based tech giant and TikTok owner ByteDance has recently ventured into the life sciences sector. Last October, the firm invested in biotech startup Shuimu BioSciences.

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.

Lithium Battery Startup Cospowers Technology Secures Round-D Financing

Cospowers Technology, a scientific and technological enterprise in the lithium battery industry, announced on July 1 that it had completed D-round financing totaling several hundred million yuan.

Meitu Loses About 312M Yuan Due to Crypto Investment

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.

Marketing Technology Company JINGdigital Secures A+ Round of Financing

JINGdigital, a marketing tech firm, announced on Friday that it had completed a round of A+ financing totaling 50 million yuan.

Xiaomi Invests in New Semiconductor Firm

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%.

Genshin Impact Publisher miHoYo Sues Mintrust

Chinese game publisher miHoYo recently sued Minmetals International Trust Co., Ltd. ("Mintrust") following a business trust dispute.

Hillhouse Capital Setting Up Secondary Fund Team

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 Changes Plan to Launch VC Brand

ByteDance's plan to launch a VC brand “Jinqiu Venture Capital” has been reportedly changed, and the brand name was no longer called “Jinqiu”.

SAIC Motor to Invest Over $1B in New Energy Smart Cars

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.).

BYD Plans to Increase Capital of Auto Finance Subsidiary

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.

Security Company Solidrocks Technology Secures 10 Million Yuan in Angel Investment

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.

BYD to Increase Investment in Leading Lithium Battery Company Shanshan Corporation

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.

Sequoia China’s Neil Shen Ranks First Among Forbes China Investors List

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.

Sequoia Capital’s Doug Leone to Retire, Neil Shen Remains Steward

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.

Mobile Games Developer Mobao Network Now Wholly Owned by Bilibili

Shanghai-based video streaming platform Bilibili recently acquired a wholly-owned stake in Mobao Network, whose main business is the development of mobile games.

China VC Weekly: Chassis, 3D Vision, Autonomous Driving and More

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 Posts 59% Gain in 2021 Orders, States Long-term Goal to Drive Agri Digital Inclusion

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.

Xiaomi Invests in Chip Design Company AI Micron

Recently, Hubei Xiaomi Changjiang Industrial Investment Fund Partnership has become the new shareholder of AI Micron, a chip maker.

Tencent’s Investment Exceeds $32B in 2021, YoY Increase of 8.1%

Chinese commercial information platform Qichacha recently showed that Tencent has publicly invested 1,175 times in 925 projects in the recent ten years, totaling more than $202 billion.

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