Chinese fresh food e-commerce platform Pupu Mall has raised a US$55 million series B1 round of financing from an undisclosed domestic USD-denominated fund, according to a statement released on Wednesday.
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Chinese Fresh Food E-commerce Pl…
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Israeli Solid-State Lidar Developer Innoviz Nets $132M Series C Round From Chinese Investors
Innoviz Technologies, an Israeli start-up that develops solid-state lidar sensors and perception software for autonomous vehicles, announced on Tuesday that it has raised US$132 million in a series C round of financing from investors including major Ch…
Chinese Medical Robot Developer TMiRob Completes Series B+ Round
Chinese medical robot developer TMiRob announced on Tuesday that it has completed a series B+ round of financing in the first quarter of 2019 from several investment units of Spinnotec, a state-owned venture capital platform in Shanghai.
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Alibaba Leads Series A Round In Chinese Electronic Invoice Service Provider Baiwang
Chinese e-commerce giant Alibaba has led a series A round of financing in the country’s electronic invoice service provider Baiwang Co., said Baiwang cited by Chinese online publication SinaTech on late Monday.
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Alibaba Leads Serie…
Cross-Border Fintech Firm Airwallex Enters Unicorn Club After $100M Series C Round
Hong Kong-based fintech company Airwallex announced on Tuesday that it has closed a US$100 million series C round of financing to join the unicorn club at a valuation of over US$1 billion.
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Cross-Border Fintech Firm Airwallex Enters Unic…
Northern Light Co-leads $40M Series C Round In Chinese Online Education Platform
Huohua Siwei, a Chinese online mathematics and science education platform, has secured US$40 million in a series C round of financing led by China-focused early-stage venture capital firm Northern Light Venture Capital and Longhu Capital, according to …
Chinese Public Security-Focused AI Chip Maker Intellifusion Raises Series B Round
Intellifusion, a Chinese artificial intelligence (AI) chip maker, announced last week that it has raised a series B round of financing from investors including China CITIC Bank International, BOC International, and an investment fund of Shenzhen Munici…
Alibaba Acquires Israeli Start-Up InfinityAR To Develop AR, Computer Vision And AI
Chinese e-commerce giant Alibaba Group has acquired Israeli augmented reality (AR) start-up InfinityAR, after Alibaba picked up a 22% stake by leading a US$18 million investment in the company in 2016.
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Alibaba Acquires Israeli Start-Up …
Singapore’s Tembusu Partners To Launch $149M China Funds In Big Data Hub Guizhou
Singapore-based private equity investment firm Tembusu Partners announced on Thursday that it would launch several investment funds totaling at least RMB1 billion (US$149.26 million) in southwestern China’s Guizhou province — a future big d…
MSA Capital’s Ben Harburg Finds Niche Market AI Startups Still Attractive
After a couple of years of red-hot explosion, the Chinese artificial intelligence sector is returning to rationality and reason in 2019. For Chinese early-stage venture capital firm MSA Capital, it means steering away from mainstream AI companies and t…