
China VC Weekly: $70M for Nothing
In last week’s venture capital news, Carl Pei’s startup Nothing attracted a new capital injection, raising $70 million in its Series B funding round, and more.
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In last week’s venture capital news, Carl Pei’s startup Nothing attracted a new capital injection, raising $70 million in its Series B funding round, and more.
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.
Having faked its revenue numbers, Luckin became a laughing stock of a unicorn, with analysts on both sides of the pond contemplating over what outcomes this situation will have on a larger scale for Chinese businesses abroad.
Shanghai Space Technology Co., Ltd. announced the completion of its A-Round financing worth over 100 million yuan.
WeShine, a management product associated with Tencent's WeCom, announced that it has raised 300 million yuan ($47.5 million) led by IDG and followed by ZWC Partners and other institutions.
AI application company Singularity Systems Inc. announced on Friday it has received investment of tens of millions of dollars in an A+ round of financing.
In last week’s VC news, Sequoia China and CATL invest in intelligent manufacturing startup AIMS, Xpeng injects funds in a young lidar company, and more.
Surface acoustic wave (SAW) filter manufacturer Zhangjiagang Sxsaw Electronic Technology Co., Ltd. announced Tuesday that it had completed an A+ round of financing worth 100 million yuan ($15.7 million).
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).
The venture capital landscape has been looking rather bleak for the past several weeks with COVID-19 taking a heavy toll on the industry.
Wang Shi, the 72-year-old founder of China Vanke, a prominent property developer in China, has ventured into the world of venture capital.
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.