Chinese smart new-energy vehicles developer AIWAYS is raising a new round of financing expected to close in the first quarter of 2019, said an AIWAYS spokesperson in an email to China Money Network today.
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China’s Smart Electric Ve…
Fintech News
Hong Kong-Based Pharma Aptorum Seeks To Raise Up To $30M In US IPO
Hong Kong-based pharmaceutical company Aptorum Group Limited is seeking to raise up to US$30 million in an initial public offering of its class A ordinary shares in the U.S., according to a statement released by the company yesterday.
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H…
China’s Tsinghua University To Pour $584M Into Japan’s AI, Robotics And Fintech Start-Ups
China’s Tsinghua University is planning to invest RMB4 billion (US$584 million) in Japan’s artificial intelligence (AI) and robotics ventures over the next few years, and is set to become one of the biggest backers, behind the country’…
Xiaomi-Backed Smart Home Devices Provider Green Rice Technology Secures Series B+ Round
Xiaomi-backed Chinese smart home company Green Rice Technology has secured tens of millions of dollars in a series B+ round of financing, led by Private Equity firm Grand Flight Investment and Cathy Capital.
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Xiaomi-Backed Smart Home Dev…
Alibaba Taiwan Entrepreneurs Fund Leads $7M Round To Vacation Rental Portal AsiaYo
AsiaYo, a Taiwanese room rental platform for vacationing, has received US$7 million in a series B round of funding, led by Alibaba Taiwan Entrepreneurs Fund and China Development Financial.
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Alibaba Taiwan Entrepreneurs Fund Leads $7M Ro…
Legend Holdings To Spin Off Zhengqi Financial For Listing In Hong Kong
Legend Holdings Corporation is planning to spin off its financial services subsidiary Zhengqi Financial Holdings Corporation to list on Hong Kong Stock Exchange, according to a recent announcement.
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Legend Holdings To Spin Off Zhengqi F…
China Unveils Punishments For IP Theft Amid Trade War Truce With Washington
China unveiled a series of sweeping punishments yesterday that could restrict companies’ access to borrowing and state-funding support due to serious intellectual property (IP) violations, as Washington calls for China’s action on the issue…
TD Ameritrade Becomes First US Brokerage To Launch Mini Program On WeChat
American online brokerage TD Ameritrade is teaming up with China’s internet giant Tencent to launch a mini program on the company’s messaging app WeChat, becoming the first U.S. brokerage firm to tap WeChat’s over one billion monthly …
China Minsheng Financial Plans To Raises A $1B Blank Cheque Fund
China Minsheng Financial Holding Corporation plans to raise a US$1 billion fund by setting up a shell company for initial public offerings on stock exchanges in New York and London, according to a report by the Financial Times quoting the group’s chief…
Sequoia-Backed PlusAI Receives China’s First Autonomous Large Vehicle Test Licenses
China’s Jiangsu province has granted the first batch of road test licenses for intelligent large scale commercial vehicles, such as vans and buses.
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Sequoia-Backed PlusAI Receives China’s First Autonomous Large Vehicle Test Licenses appe…