ForwardX Robotics, a Chinese visual-based autonomous mobile robots (AMR) producer, has raised RMB100 million (US$14.95 million) in a series B round of financing led by Chinese investment firm Hupan Licheng Fund, said ForwardX in a statement released on…
Fintech News
Wealth Management Solutions Provider MX Federation Raises Series C1 Round
MX Federation, a New York and Beijing-based wealth management solutions provider, today announced that it has raised tens of millions of U.S. dollars in a series C1 round of financing led by BitRock Capital, an investment vehicle backed by Singaporean …
Xiaomi-Backed Tiger Brokers Raises $104M In US IPO Eyeing Chinese Young Investors
Up Fintech Holding Limited, the parent company of Chinese online brokerage Tiger Brokers, has raised US$104 million in a downsized initial public offering (IPO) on the Nasdaq stock exchange on Wednesday, following its homegrown counterpart Futu Holding…
Shunwei Capital Joins Series A Round In Crypto Intelligence Platform CoinNess
CoinNess, a blockchain information platform in Asia, has raised a series A round of financing from Chinese investment companies ShunWei Capital, QF Capital, and FreesFund, according to a company announcement released on Monday.
(more…)
Shunwei …
Chinese Tuition Payment Platform Easy Transfer Raises Nearly $15M Series B Round
Chinese student financial services platform Easy Transfer announced on Tuesday that it has raised nearly RMB100 million (US$14.88 million) in a series B round of financing led by Chinese investment firm ChinaEquity Investment.
(more…)
Chinese T…
Ping An Makes Strategic Investment In Smart Healthcare Firm Lenovo HIT
Lenovo HIT, a cloud-based smart medical solution subsidiary of Lenovo Capital and Incubator Group (LCIG), has received several hundred millions of yuan in a strategic investment round from Chinese insurance behemoth Ping An Insurance, according to a st…
Alibaba-Backed Chinese Car Service Provider Acquires Automaker Borgward In $610M Deal
Chinese car service provider UCAR Inc. announced on late Monday that it would pay RMB 4.10 billion (US$610.63 million) for a majority stake in the country’s car manufacturer Beijing Borgward Automobile Co.
(more…)
Alibaba-Backed Chinese C…
Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO
Chinese online broker Futu Holdings Limited is well-positioned to enter the American market and compete against industry leaders like Robinhood in the face of global economic uncertainties.
(more…)
Tencent-Backed Online Broker Futu Targets US …
Chinese Online Industrial Parts Marketplace Haizol.com Raises Nearly $15M Series B Round
Haizol.com, a Chinese e-commerce platform for industrial parts, announced on Monday that it has secured nearly RMB100 million (US$14.89 million) in a series B round of financing led by Chinese investment firm Hongtai Fund, with participation from ventu…
Warburg Invests $100M In Series D+ Round Of Chinese FMCG Industrial Internet Unicorn
Yijiupi, a newly-minted unicorn in China’s fast-moving consumer goods (FMCG) industry, has raised a US$100 million series D+ round of financing from global private equity firm Warburg Pincus, said Warburg Pincus in a statement released on its WeC…