Dubai’s Emirates National Oil Company (ENOC) announced on Monday that it has raised a five-year loan of US$690 million provided by a consortium consisted of three of the Chinese “Big Four” banks, namely Industrial and Commercial Bank of China (IC…
Fintech News
HSBC Launches $880M Technology Fund To Nurture Start-Ups In China’s Greater Bay Area
HSBC announced on Tuesday that it is launching a US$880 million technology fund focused on China’s Greater Bay Area, with an aim to back early-stage technology companies in one of the country’s most dynamic regions.
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HSBC Lau…
Chinese VC Firm Aqua Ventures Manages $144M After Final Close Of Second RMB Fund
Chinese early-stage venture capital firm Aqua Ventures announced last week that it has reached the final close of the oversubscribed second RMB-denominated fund despite the ongoing capital winter in China.
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Chinese VC Firm Aqua Ventures …
Chinese EV Delivery Services Provider DiShangTie Nets $100M Series B Round
DiShangTie, a Chinese company that leases electric vehicles for passengers and cargo transportation, announced on Monday that it has closed US$100 million in a series B round of financing from a group of blue-chip investors.
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Chinese EV …
Redpoint China Ventures Leads $43M New Round In Chinese AI Chip Maker Enflame
Chinese artificial intelligence (AI) chip maker Enflame announced on Thursday the completion of a RMB300 million (US$43.39 million) new round of financing led by Redpoint China Ventures, a venture capital fund that focuses on technology, media, telecom…
Chinese Biotech Firm Yingsheng Biology Gets $14M In Series C Round
Yingsheng Biology, a Chinese biotechnology firm that provides mass spectrometry (MS) services, announced on Wednesday that it has raised nearly RMB100 million (US$14.47 million) in a series C round of financing.
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Chinese Biotech Firm Yin…
Sequoia-Backed Chinese AI Start-Up Clustar.ai Closes Series A Round
Clustar.ai, a Chinese artificial intelligence (AI) start-up backed by Sequoia Capital China, announced on Tuesday that it has raised tens of millions of yuan in a series A round of financing led by China-based investment firm Co-Stone Capital.
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Chinese Start-Up Kaiyi Technology Closes $14M Series A+ Round To Bet On Self-Driving
Kaiyi Technology, a Chinese start-up that primarily develops technologies to automate, adapt or enhance self-driving systems, announced on Tuesday that it has raised RMB100 million (US$14.47 million) in a series A+ round of financing led by China-focus…
Chinese Internet Giant Tencent To Lead $40M Round In London-Based Fintech Start-Up
Tencent, the social media and gaming powerhouse behind the Chinese largest online social network, is set to pour tens of millions of U.S. dollars into a five-year-old British fintech start-up, according to industry and City sources cited by The Times i…
Chinese Electric Vehicle Developer Bordrin Motor Gets $361M In New Round
Chinese electric vehicle maker Bordrin Motor announced on Monday that it has raised RMB2.5 billion (US$361.85 million) in a new round of financing led by an investment vehicle of Chinese conglomerate Sinochem International Corporation.
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