XYLink Inc., a Chinese cloud video solution provider, has closed a series C round of financing worth several hundred millions of yuan from Chinese internet giant Tencent, the company announced at a press conference held in Beijing on Thursday.
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Chinese Biotech Firm Realbio Raises Nearly $15M Series A+ Round
Chinese biotechnology firm Realbio Technology has raised nearly RMB100 million (US$14.93 million) in a series A round of financing led by Chinese venture capital firm Shandong Luxin High-Tech Industry, according to a statement released on Wednesday.
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China’s Coffee Chain Upstart Nets $150M Series B+ Round To Hit $2.9B Valuation
Chinese coffee chain stores operator Luckin Coffee announced on Thursday that it has raised US$150 million in a series B+ round of financing led by American investment management firm BlackRock, bringing the valuation of the coffee chain upstart to US$…
Dutch Chipmaker NXP Invests In Chinese Self-Driving Firm Hawkeye
Dutch chipmaker NXP Semiconductors NV has invested in Chinese self-driving company Hawkeye Technology Co Ltd to expand its footprint in the automotive radar market in China, said NXP in a statement released on Wednesday.
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Dutch Chipmaker…
Huatai Securities Injects $15M Into Chinese Genetic, Protein Engineering Tech Start-Up
Abiochem Biotechnology Co Ltd, a Chinese biotech start-up specialized in genetic and protein engineering technologies, has raised over RMB100 million (US$14.89 million) in a new round of financing led by Huatai Zijin Investment, a wholly-owned investme…
Alibaba Buys 20% Shares In Many Craftsmen To Raise Stake In China’s Furnishing Market
Alibaba Group has closed a strategic investment in Chinese furnishing services start-up “Many Craftsmen” in the latest move taken by the e-commerce giant to raise its stake in the Chinese home improvement market, according to a company statement releas…
Vertex Ventures Leads $30M Series Pre-A Round In Chinese Fruit Tea Brand
Chinese fruit tea brand Lelecha has raised RMB200 million (US$29.81 million) in a series pre-A round of financing led by venture capital firm Vertex Ventures, said the investor in a statement released on Wednesday.
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Vertex Ventures Leads…
China VC Tracker: China’s VC Market Coming Around From ‘Capital Winter’ In March
The Chinese venture capital (VC) market is coming around from the long-standing “capital winter” while the cumulative capital raised by Chinese start-ups in the past three months keeps growing since the beginning of 2019.
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China VC Track…
DealShot: 14 Deals Topping $514 Million With Tencent, Ant Financial And Many More
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.
Here you can find out where Chinese investors have been investing their money each workday.
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DealSh…
Tencent Leads $296M Series D Round In Chinese Big Data Solutions Provider
Chinese big data solutions provider MiningLamp Technology announced on Wednesday that it has raised RMB2 billion (US$296.77 million) in a series D round of financing led by Tencent, as the company ramps up efforts to further enhance its strengths in ar…