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Uxin Limited, an online used car trading platform based in China, announced on Monday that its existing shareholders Nio Capital and Joy Capital have signed a binding letter of intent for investment in the company.
Online used car trading platform UXIN announced definitive agreements with Nio Capital and Joy Capital, in which both firms have agreed to invest a total of up to $315 million in the company.
Founded in 2017, Nreal has won several prestigious international awards. Its lightweight, smartphone tethered AR glasses, Nreal Light, made headlines at the 2019 Consumer Electronics Show in Las Vegas.
"Luoke Automobile", the automobile project of Chang Jing, founder and CEO of Roborock, had completed a financing round of $ 100 million at the end of 2021. This round was led by Tencent and followed by Sequoia Capital.
NIO Capital, an investment company founded by Chinese electric vehicle company Nio Inc., announced on Monday that it had closed the NIO Capital Eve ONE Fund II L.P., worth about $400 million.
Chinese augmented reality (AR) glasses maker Nreal has raised $100 million in a funding round led by NIO Capital, YF Capital and Hongtai Aplus.
Recently, Energy Singularity completed its first round of financing worth of nearly 400 million yuan ($63 million). The funding was jointly led by miHoYo and NIO Capital.
Chinese industrial flexible logistics services provider Standard Robots recently completed a Pre-C round of financing totaling several hundred million yuan, led by Broad Vision Funds and followed by NIO Capital.