A court in southeastern China’s Fujian province has issued a ban in the country on most iPhone sales due to a patent dispute between the U.S. chipmaker Qualcomm and Apple, according to a Qualcomm statement released on Monday.
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Chin…
Fintech News
East China’s Zhejiang Province To Invest Over $17B To Boost Tech Sector
East China’s Zhejiang Province, where e-commerce giant Alibaba resides, plans to invest over RMB120 billion (US$17.5 billion) to accelerate the tech industry and scientific innovation in the coming five years, according to an announcement from th…
Chinese Biopharmaceutical Firm Junshi Biosciences Targets $414M IPO In Hong Kong
Chinese biopharmaceutical company Shanghai Junshi Biosciences Co. has filed for a US$414 million initial public offering in Hong Kong, according to a security filing released today.
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Chinese Biopharmaceutical Firm Junshi Biosciences Targ…
China’s Social Commerce Start-Up Meiri Yitao Secures $100M Round Led By Genesis Capital
Meiri Yitao, a fresh produce social commerce platform backed by Chinese e-commerce firm MissFresh, has secured a US$100 million series B round of financing led by internet-focused growth capital fund Genesis Capital.
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China’s Socia…
China’s Caring Robot Developer Emotibot Nets $30M In Series B Round
Emotibot Technologies Limited, a Chinese communicational robotics solution developer, has secured US$30 million in a series B round of financing, led by China Development Financial, with participation from Cathay Financial Holding.
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Chin…
CDH Investments Leads Series C1 Round In AI-Powered Medical Imaging Firm Infervision
Infervision, a Chinese artificial intelligence (AI) start-up specialized in medical imaging technology, has completed a series C1 round of financing led by China’s alternative asset management firm CDH Investments.
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CDH Investment…
Xiaomi-Backed Smart Wearable Device Maker Huami Launches Satellite For Cloud Health Monitoring
Huami Corporation, a Xiaomi-backed Chinese intelligent wearable device maker, has launched a satellite called “Huami Star” in China’s Jiuquan Space Launch Center, according to a statement released today.
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Xiaomi-Backed Smart Wearable Dev…
China’s Smart Electric Vehicle Developer AIWAYS To Complete $290M New Round
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…
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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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’…