Showing 9 of 21 posts with this tag
Beijing Changmugu Medical Technology, a provider of integrated solutions for orthopedic intelligent surgery, announced that it had recently completed a Series B round of financing in which it secured 540 million yuan ($84.3 million).
Intelligent robotics developer Agile Robots has recently completed a financing round totaling $30 million led by Foxconn Industrial Internet.
Due to the rapid increase of COVID-19 infection cases in China, the demand for Pfizer's pill Paxlovid has also greatly increased. As the drug is being hyped by drug scalpers, the price of Paxlovid on third-party channels has climbed to tens of thousands of yuan, which is nearly six times more expensive than the normal price of 2,000 yuan ($287).
Recent weeks have seen soaring COVID-19 cases across China, pushing many people to various domestic health platforms in an attempt to purchase coveted antiviral medication and fever-reduction pills.
With the recent lifting of pandemic control policies in China, the number of infections has risen sharply. Chinese internet giant Tencent launched a "COVID-19 Pills Mutual Help Public Welfare Platform."
In last week’s VC news across China, logistics upstart YQNLink bags a whopping $100 million in its latest round, Hong Kong-based investment firm Gaw Capital Partners closes a further $430 million in funds, robotics startup MegaRobo closes a hefty $65 million investment round while Suzhou’s IntoCare Medical rakes in more than $15 million in its Series D fundraising round.
To increase Guangzhou's capacity to administer nucleic acid tests, which are used to screen those suspected of being infected with COVID-19, four groups of inflatable COVID-19 testing labs are being put into use in the vast metropolis in the Chinese province of Guangdong.
Fourier Intelligence, a Chinese smart rehab startup known for its robotic exoskeletons, recently received 400 million yuan ($63.27 million) in series D financing.
During the early stage of the COVID-19 pandemic, scholars from Tsinghua University developed an integrative kit for quick coronavirus test.