Fintech News

Cue Holdings Limited, a Chinese one-stop digital marketing start-up controlled by global investment powerhouse KKR, announced on Tuesday the completion of a series A round of financing, as KKR seeks to strengthen the capabilities of the consolidated ma…

Beijing-based digital payment start-up QFPay announced on Tuesday that it has closed US$20 million in a new funding round led by returning investors, Sequoia Capital China and Matrix Partners.
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WeChat Pay, Alipay Partner QFPay Gets $20M …

Chinese low-code platform developer ClickPaaS has raised millions of U.S. dollars in a series A round of financing from the country’s venture capital firm Morningside Venture Capital.
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Morningside Backs Chinese Low-Code Platform St…

Chinese electronics maker TCL Corporation has launched a private equity fund on Tuesday with RMB2.31 billion (US$327.02 million) in capital commitments to strengthen its capabilities in the upstream and downstream electronics industry.
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Stemirna Therapeutics, a Chinese biotech start-up focusing on RNA technology-based drug development, has raised nearly RMB100 million (US$14.16 million) in a serious A round of financing.
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Chinese Biotech Start-Up Stemirna Therapeutics R…

Chinese internet of things (IoT) solution provider Terminus Technologies announced on Monday that it has raised RMB2 billion (US$283.12 million) in a series C1 round of financing led by Hong Kong-based financial services firm China Everbright Limited.
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Chinese clinical-stage innovative drug developer Kangpu Biopharmaceuticals unveiled on Friday that it has raised nearly RMB100 million (US$14.18 million) in a series pre-B round of financing.
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Chinese Clinical-Stage Innovative Drug Devel…

Goldman Sachs is facing potential losses of nearly over RMB200 million (US$28.4 million) in an investment it made six years ago in Chinese fashion brand, Shanghai La Chapelle Fashion Co., Ltd.
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Goldman Sachs Faces Potential Loss Of Near…

Chinese e-commerce giant JD.com is leading a new round of investment worth nearly RMB1 billion (US$141.83 million) in Xinchao Media Group, a Chinese company that operates advertisements in elevators, Xinchao announced in a statement on Thursday.
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Chinese 3D printing service provider LuxCreo has raised US$30 million in a series B round of financing led by American venture capital firm Kleiner Perkins (KPCB).
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KPCB Leads $30M Series B Round In Chinese 3D Printing Service Provider c…