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Sequoia China Establishes Startup Accelerator Program YUÈ

Sequoia China on August 15 announced the establishment of a new startup accelerator program called YUÈ, which provides exclusive systematic entrepreneurship courses and resources for Chinese entrepreneurs from angel-round to A-round financing.

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.

DNA Synthesis Startup Atantares Secures Angel+ Round of Financing

Shanghai Xinsu Medical Technology Co., Ltd., also known as Atantares, has recently completed an angel+ round of financing totaling tens of millions of yuan, led by Qiming Venture Partners.

Robotic Process Automation Startup ShadowBot Secures $100M in Round-C Financing

ShadowBot, a robotic process automation (RPA) enterprise, announced Tuesday that it has completed a round C of financing totaling $100 million, led by Goldman Sachs and an unknown CVC institution.

The Founder of Biren Technology Establishes L4 Autonomous Driving Company

Zhang Wen, the founder of domestic high-performance GPU company, Biren Technology, had set up an L4 autonomous driving company called “Yunji Zhixing” in November 2021.

Tencent-Invested Firm Enflame Technology Launches New Company With $15.7 Million

Shanghai-based AI cloud computing startup Enflame Technology on Thursday established a new subsidiary in Chengdu with a registered capital of 100 million yuan ($15.7 million).

Changing the Tide: Chinese Startups in the Plant-Based Meat Revolution

It’s a daunting task, but a growing cohort of domestic startups in the meat-loving country, along with a few foreign firms, are on a mission to reverse the trend.

Meituan’s Venture Capital Wing Long-Z Invests in Chinese Self-Driving Startup QCraft

Meituan has invested in autonomous driving startup QCraft’s latest fundraising round of $100 million, highlighting the intensifying bets made by the country’s Big Tech on the promising driverless car space.

Plus Tests Driverless Trucks in Jiangsu Province, To Supply Amazon With 1,000 Vehicles

Autonomous transport start-up Plus has carried out the first test of its kind for fully driverless trucks in China’s eastern province of Jiangsu and has secured a deal with Amazon to provide at least 1,000 autonomous delivery vehicles.

WeRide Announces Acquisition of Autonomous Trucking Startup MoonX.AI

Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.

Premium Ice Cream Brand Chicecream Apologizes for Past Misdeeds, Publishes Letter Accusing Media of Defamation

Amid a slew of public relations controversies, representatives from Chicecream apologized via Weibo on Thursday for two 2019 false advertising incidents, while denying other accusations.

Chinese E-pharma Platform Dingdang Health Raises $220 Million to Expand O2O Strategy

Chinese online-to-offline (O2O) medicine platform Dingdang Health has raised $220 million in its latest financing round led by TPG Capital Asia, the company announced on Tuesday.

Autonomous Driving Startup Zongmu Technology Raises $190 Million from Investors Including Xiaomi, Qualcomm

Chinese autonomous driving system startup Zongmu Technology announced that it has raised a total of $190 million in its Series D round of funding, including from a Xiaomi-backed investment fund.

China VC Weekly: Computer Vision, Online Grocery and Source Code Capital’s New Fund

In last week’s news, Chinese computer vision startup Clobotics secured roughly $31 million in funding to be used for research and development, prominent VC firm Source Code Capital raised $1 billion in capital commitments and online grocery company Dingdong Maicai raked in over $700 million from regional expansion.

China VC Weekly: Bodybuilding, Property Trading and more

Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.

OnePlus Co-founder Carl Pei Obtains $7M Financing For New Startup Nothing

OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.

Chinese Self-driving Solutions Startup UISEE Draws 1B yuan in New Funding Round

Chinese self-driving solutions startup UISEE Technology has completed a new funding round and raised more than 1 billion yuan ($154 million), the company announced on Monday.

Made for the Young, by the Young: Exclusive Interview with the Team behind realme, the World’s Fastest-growing Phone Maker

It’s a common phenomenon in many Southeast Asian countries: Young people snatch up the latest smartphone models online — but rarely are they satisfied with what comes in the mail.

Rokid Gives Visitors AR+AI Experience of Ancient China at Archaeological Ruins in Liangzhu City

Rokid will join hands with the Archaeological Ruins in Liangzhu City in October to bring visitors an AR + AI experience through its Rokid Glass 2.

Beijing-based Vegan Meat Startup Vesta Completes New Round of Financing, Lands Cooperation Deal with Local Restaurant Chain

Vesta Food Lab, a Chinese plant-based substitute startup has completed a new round of financing worth RMB 16 million (USD 2.3 million) led by Xuerong Biotech.

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