venture capital Archives

Chip Design Firm Luxic Secures Hundreds of Millions of Yuan in Financing

Luxic, a chip design company that focuses on the optical communications field, announced on September 28 that it has completed two rounds financing worth over 100 million yuan ($13.8 million).

China’s Fosun Denies Reports of Mandatory Exposure Check by Banks

Following reports that Chinese regulators are requiring domestic banks and some state-owned enterprises to check their exposure to Fosun and related enterprises, the private investment company responded on September 14 that the news is totally false.

NIO Launches In-Car AR Glasses Co-Developed With Nreal

On September 5, Chinese new energy vehicle company NIO announced that its NIO Air AR Glasses, which have been co-developed alongside AR startup Nreal, are now available on the firm's online store.

Tencent Invests in Venture Capital Private Equity Company

On August 19, Dongguan Qingshuiwan Phase II Venture Capital Partnership (Limited Partnership) was formally established, the newest venture capital firm funded by Tencent.

Yinguan Semiconductor Secures Over 200 Million Yuan in Strategic Financing

On August 18, Yinguan Semiconductor announced that it held a strategic financing completion event at its Shanghai base. This round of financing was led by CCB Investment and Juntong Capital.

Micro-LED Chipmaker Sitan Technology Secures Several Financing Rounds

Shenzhen-based Sitan Technology has completed several rounds of financing. The investors include China Fortune-Tech Capital, Xiaomi Industrial Investment Management Co., Ltd., and others.

ByteDance-Linked Jinqiu Venture Capital Completes First Investment

Jet Commerce, a Jakarta-based one-stop e-commerce services provider, announced on August 10 its completion of round-B financing exceeding $60 million. Its lead investor Jinqiu Venture Capital has a strong relationship with TikTok's parent company, ByteDance.

Photoresist Firm Fuyang Sineva Bags 500M Yuan in Round-C Financing

Fuyang Sineva, a leading photoresist enterprise based in China, secured 500 million yuan ($74.2 million) in round-C financing on August 10.

Luntek Technology Bags Hundreds of Millions of Yuan in Round-C Financing

On July 27, Hangzhou-based Luntek Technology announced its completion of round-C financing, led by Addor Capital.

MobiDrop Secures About 100M Yuan in Round-A+ Financing

Biotechnology startup MobiDrop completed an A+ round of financing worth nearly 100 million yuan ($14.8 million). The funding was led by LYFE Capital, followed by existing shareholder Source Code Capital and local government guidance entity Yunxiang Fund.

Cmind-SEMI Completes New Round of Financing Worth Several Hundred Million Yuan

On July 20, Cmind-SEMI announced the completion of a new round of financing worth several hundred million yuan. It was led by Legend Capital.

Shanghai-Based Medtech Firm Biotree Nears $15M in Round-A Funds

Shanghai-based tech firm Biotree has completed round-A financing, garnering nearly 100 million yuan ($14.79 million). The round featured exclusive investment from Qiming Venture Partners.

Lightspeed China Partners Completes Fundraising of $7B

Chinese venture capital firm Lightspeed China Partners announced on July 12 that it has raised more than $7 billion in new funding.

DataOps Firm WhaleOps Bags Tens of Millions of Yuan in Financing

Beijing-based tech startup WhaleOps announced its completion of a new round of financing on July 14, led by Kaitai Capital and followed by its angel round financing investor BlueRun Ventures.

Hoosun Completes Round D Financing

Hoosun, an intelligent device R&D firm, announced on July 12 that it had completed a round D of financing worth several hundred million yuan.

Qiming Venture Partners Completes Fundraising of $3.2B

Venture capital institution Qiming Venture Partners announced that it has raised $3.2 billion for its new fund.

Sequoia China Unveils Hóng, A Digital Virtual Employee

Prominent investment institution Sequoia China launched its first digital virtual employee, named Hóng, on July 11.

Sequoia Capital China Completes Fundraising of $9B

Sequoia Capital’s China affiliate has raised new funds totaling about $9 billion, to be used for investments in technology and healthcare. The firm received more than $12 billion in a 50% oversubscribed round.

Venture Capital Firm Tiantu Capital Applies for Hong Kong IPO

According to the HKEx on Thursday, Tiantu Capital, a venture capital firm in China, has submitted an application for a listing in Hong Kong. J.P. Morgan Chase & Co. and Huatai International will be its co-sponsors.

Uxin and NIO Capital Sign Financing Agreement of $100M

Uxin has signed a financing agreement with its existing shareholder NIO Capital's affiliated company, which subscribed for 714 million senior convertible preference shares, with a total value of $100 million.

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