Hong Kong-based insurance technology start-up OneDegree announced on Thursday that it has extended its series A round to US$30 million, up from the US$25.5 million it previously unveiled in September 2018.
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Hong Kong’s Insurtech St…
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GGV Capital Leads $10M Series A Round In Singaporean Cross-Border Payment Start-up
GGV Capital, a venture capital firm that mainly invests in China and the U.S., has led a US$10 million series A round of financing in Thunes, a Singapore-based cross-border payments start-up, according to a statement released by GGV Capital on Wednesda…
Chinese Retail Giant Commits $210M To Jack Ma-Backed Yunfeng Capital’s New Fund
A wholly-owned subsidiary of Suning.com, one of the largest non-government retailers in China, announced on Thursday it entered into an agreement with Jack Ma-backed investment firm Yunfeng Capital to launch a private equity fund with an aim to raise u…
Chinese AI Start-Up Megvii Nets $750 Million In Series D Round
Chinese artificial intelligence (AI) start-up Megvii Inc., also known as Face++, said on Wednesday it has raised US$750 million in its latest funding round.
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Chinese AI Start-Up Megvii Nets $750 Million In Series D Round comes originally…
Allianz Real Estate Commits $600M To GLP’s China, Japan-Focused Funds
Allianz Real Estate, the real estate investment unit of German financial services provider Allianz Group, has committed US$600 million to the China and Japan-focused funds of GLP, said GLP in a statement released on Wednesday.
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Allianz R…
Hillhouse, Sequoia Back Chinese Social E-Commerce Platform Beidian In New Round
Chinese social e-commerce platform Beidian has completed a new round of financing from investors including Hillhouse Capital, Sequoia Capital, Xiang He Capital, and Sinovation Ventures, according to Beidian cited by Chinese online publication iyiou.com…
China’s Starbucks Challenger Luckin Coffee Seeks To Raise Up To $586M In US IPO
Luckin Coffee, the Chinese challenger to Starbucks, is seeking to raise up to US$586.5 million in an initial public offering (IPO) in the United States, according to a filing with the U.S. Securities and Exchange on Monday.
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Chinese Supply Chain Management Platform E-jit.com Closes Nearly $15M Series A Round
Chinese supply chain management platform E-jit.com has raised RMB100 million (US$14.85 million) in a series A round of financing from the country’s Zontom Group, shows information updated on Chinese business data provider Tianyancha on Monday.
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Chinese Biotech Firm Rundo International Raises Nearly $15M In Series C Round
Chinese biotechnology firm Rundo International has raised RMB100 million (US$14.85 million) in a series C round of financing from the country’s private equity firm Riverhead Capital, according to a statement released by the company on Monday.
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Money’s Too Tight To Mention For China’s Outsized Electric Vehicle Industry
This article by CHRIS UDEMANS originally appeared on TechNode, the leading English authority on technology in China.
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Money’s Too Tight To Mention For China’s Outsized Electric Vehicle Industry comes originally from China Mon…