Casiris Technology, a Chinese start-up that develops pure laser projection display devices, has secured RMB135 million (US$19.06 million) in a series D+ round of financing led by State Development & Investment Corporation (SDIC), the largest state-…
Fintech News
Chinese Start-Up Stroke Medical Raises $14M Series B Round For Stroke Treatment
Chinese medical devices developer Stroke Medical announced this week that it has raised nearly RMB100 million (US$14.12 million) in a series B round of financing led by Hidea Venture Capital, a Chinese investment company specialized in healthcare and s…
Asia-Focused PE Firm PAG To Buy $300M Convertible Notes From China’s LexinFintech
LexinFintech, a fintech platform for educated young adults in China, announced on Wednesday that it has entered into an agreement with Asia-focused private equity firm PAG, in which LexinFintech will issue and sell convertible notes in an aggregate pri…
S&P Global Invests In Chinese Alternative Data Product Platform BigOne Lab
Chinese alternative data product platform BigOne Lab has raised a strategic investment worth millions of U.S. dollars led by S&P Global.
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S&P Global Invests In Chinese Alternative Data Product Platform BigOne Lab comes originall…
Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown
The Chinese authority has clamped down another domestic cryptocurrency project, shutting down the office of the popular and once well-funded “GXChain,” which counts Chinese bitcoin tycoon Li Xiaolai and early-stage investment firm ZhenFund among its sh…
Tencent, Sequoia Lead $100M Round In Smart Fabric To Disrupt Traditional Textile Sector
Tencent and Sequoia Capital China have jointly led a US$100 million series C round of financing in Smart Fabric, a start-up providing internet-enabled solutions for the textile industry in China.
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Tencent, Sequoia Lead $100M Round In Sma…
Sequoia-Backed P2P Lender Huobank Collapses As Beijing Mops Up Online Finance Risks
Houbank, a Chinese online peer-to-peer (P2P) lending platform that counts Sequoia Capital China as a major shareholder, has been put on file for investigation and prosecution of alleged “illegal absorbing public deposits,” the municipal public security…
Chinese Shoe Maker Goes Into Bankruptcy After Failed Restructuring Efforts
Hong Kong-listed Chinese shoemaker Fuguiniao Co Ltd announced on Monday that the authority has rejected and terminated its restructuring plan, leading to the bankruptcy of the once-renowned “king of leather shoes” in China.
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Chinese Shoe…
CITIC Capital Backs Japanese Luxury Brands Platform In $34M Round For China Expansion
CITIC Capital, the flagship investment arm of Chinese financial conglomerate CITIC group, has participated in a JPY3.6 billion (US$34.02 million) new funding round in Reclo, a Japanese online re-selling platform for luxury brands.
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CITIC…
HiScene Nets $34M To Deploy AR In Smart Manufacturing, Public Security
HiScene, a Chinese augmented reality (AR) start-up serving companies including Baidu, Tencent and Alibaba, announced on Wednesday the completion of a series C funding round worth RMB250 million (US$34.93 million).
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HiScene Nets $34M To …