BizSeer Technology, a Chinese IT operation service provider, has raised tens of millions of yuan in a series A+ round of financing led by the country’s venture capital firm Gaorong Capital, according to a statement released on Tuesday.
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Chinese VC Firm XVC Closes $330M For Oversubscribed Second USD Fund
Chinese venture capital firm XVC Venture Capital announced on Tuesday that it has raised about US$330 million for its second fund, “XVC Fund II,” with capital commitments mainly from university endowments and family offices in the United States, Europe…
Geek+ Founder Zheng Yong Sees Massive Potential Of Robots In Industrial Sectors
As traditional sectors in China are turning to automation to improve efficiency and slash labor costs, the founder of a Chinese robotics unicorn sees greater potential and a wider range of applications of robots in the industrial field.
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Chinese Online Insurer ZhongAn’s Fintech Unit Nets $285M Fresh Funds
ZhongAn Technology, a fintech firm backed by Chinese online-only insurance firm ZhongAn Online, unveiled on Thursday that it has closed RMB1.961 billion (US$285.28 million) fresh funds to finance the development, international cooperation, and investme…
Asian PE Firm SAIF Partners Leads $14M Round In Chinese Automatic Driving Start-Up
VIPioneers, a Chinese start-up providing automatic driving solutions for mining operations, has raised nearly RMB100 million (US$14.55 million) in a series A1 round of financing led by Asian private equity firm SAIF Partners, shows information updated …
Gobi Partners Leads $10.6M New Round Of Malaysian E-Commerce and Logistics Start-Up
Gobi Partners, a Chinese venture capital firm with over US$1.1 billion in assets under management (AUM), announced on Tuesday that it has led a US$10.6 million series B funding round of Malaysian e-commerce and parcel delivery start-up EasyParcel.
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SoftBank-Backed Chinese Robotics Start-Up CloudMinds Eyes $500M In New York IPO
CloudMinds, a Chinese robotics start-up backed by SoftBank Group’s Vision Fund, has filed for an initial public offering (IPO) on the New York stock exchange to raise up to US$500 million.
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SoftBank-Backed Chinese Robotics Start-Up…
NY-Listed Ares Management Invests In Chinese Shared-Kitchen Start-Up Huang Xiao Di
Chinese shared-kitchen start-up Huang Xiao Di announced on Monday that it has raised nearly RMB100 million (US$14.55 million) in a series A round of financing from Ares Management, a New York-listed alternative asset manager with about US$137 billion i…
China’s Ping An To Pick Up Shares In Edtech Unicorn iTutorGroup Eyeing Smart Education
Chinese insurance behemoth Ping An Insurance announced on Friday that it would pick up shares in iTutorGroup by investing capital and resources in the Taipei-based online education services provider through its overseas subsidiaries.
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China’s Fosun, JD.com Back SEA’s Parenting Community Platform In Series C Round
A group of investors including Chinese conglomerate Fosun and technology giant JD.com have poured money into a series C round of financing of Southeast Asian parenting community platform theAsianparent, backing the company in its business expansion int…