In last week’s VC news, Xiaomi completed at least two considerable investments in AI and robotic tech, smart projector upstart JMGO bagged $157 million in its latest funding round and more.
JMGO, a smart projector brand, has secured 1 billion yuan ($157 million) in new financing. The co-investors were OPPO, IDG and Lexun Tiancheng.
Shenzhen Huole Technology Development Co., Ltd., the parent company of JMGO, has added OPPO subsidiary Xunxing Investment (Chongqing) Co., Ltd. as a shareholder, maintaining 1.7699% of shares.
On Aug. 3, China’s League of Legends esports operator TJ Sports unveiled the partners for the 2020 League of Legends World Championships (S10).