BP Ventures, the investment vehicle of the world’s oil and gas supermajor BP, has invested in the series A round of financing in Chinese electric vehicle (EV) charging start-up PowerShare, said BP in a statement released on its website on Thursda…
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DCM Ventures Co-Invests In Chinese B2B Auto Parts Trading Platform Haoqipei
Chinese business to business (B2B) auto parts trading platform Haoqipei announced today that it has secured a US$60 million series C round of financing led by venture capitalist DCM Ventures and Hong Kong-based investor Jeneration Capital.
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China’s VC Firm Shenzhen Capital Group Launches First $524M M&A Fund
Chinese venture capital firm Shenzhen Capital Group Co. has launched its first merger and acquisition fund in late December 2018, aiming to raise a total of RMB3.6 billion (US$524.34 million), said Shenzhen Capital Group in a statement released on its …
Chinese Drug Developer Firm Connect Biopharmaceuticals Completes $55 Million Series B Round
Connect Biopharmaceuticals, a clinical-stage biotech medicine developer, has completed a US$55 million series B round of financing, led by private equity Advantech Capital, according to a company announcement released today.
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Chinese Dru…
Tencent Artificial Intelligence Lab Head Zhang Tong Resigns
Zhang Tong has resigned as the director of Tencent AI Lab after staying in the position less than two years.
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Tencent Artificial Intelligence Lab Head Zhang Tong Resigns appeared first on China Money Network.
China’s VC ATM Capital Raises $200M Fund From Alibaba’s eWTP Technology & Innovation
Chinese venture capital fund ATM Capital announced today that it has closed US$200 million in its the first phase of fundraising, reported Chinese media organization 36kr.
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China’s VC ATM Capital Raises $200M Fund From Alibaba’s eWTP Tec…
CDH Invests Series A+ Round In China’s Private Aerospace Company iSpace
Chinese private rocket start-up Beijing Interstellar Glory Space Technology has completed a series A+ round of financing, led by CDH Investments, with participation from Matrix Partners China and Galaxy Holding Group, according to a statement the compa…
Lightspeed China Partners Raises $560M For Its Largest Fund Family IV
China-focused venture capital firm Lightspeed China Partners has completed the final closing of its fund family IV with total committed capital of US$560 million, which brings the company’s committed capital under management to US$1.5 billion, ac…
China’s Community Group Buying Start-Up Linlinyi Raises $30M Led By Capital Today
Chinese community group buying start-up Linlinyi has secured a US$30 million series A round of financing led by the US$2.5 billion-worth China-focused private equity firm Capital Today, according to a statement released on Wednesday.
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China’s AI Start-Up Ling Technology Secures Strategic Investment From SenseTime
Chinese artificial intelligence (AI) start-up Ling Technology has secured a series A round of financing from the country’s facial recognition technology developer SenseTime to raise its stake in the AI-powered K-12 education field, according to a…