SoftBank Group Corp. announced on Friday that its has launched the sequel to its near US$100 billion Vision Fund, “SoftBank Vision Fund 2,” with a goal to raise a total of US$108 billion to facilitate the continued acceleration of the artificial intell…
Fintech News
China’s Hopu Leads $100M Series D Round In Singapore-Based Smart Retail Start-Up
Chinese alternative asset management firm Hopu Investments has led a US$100 million series D round of financing in Trax, a Singapore-based start-up that specializes in computer vision and analytics solutions for retail.
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China’s Ho…
Gaorong Capital Leads Series A+ Round In Chinese IT Operation Service Provider BizSeer
BizSeer Technology, a Chinese IT operation service provider, has raised tens of millions of yuan in a series A+ round of financing led by the country’s venture capital firm Gaorong Capital, according to a statement released on Tuesday.
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Chinese VC Firm XVC Closes $330M For Oversubscribed Second USD Fund
Chinese venture capital firm XVC Venture Capital announced on Tuesday that it has raised about US$330 million for its second fund, “XVC Fund II,” with capital commitments mainly from university endowments and family offices in the United States, Europe…
Geek+ Founder Zheng Yong Sees Massive Potential Of Robots In Industrial Sectors
As traditional sectors in China are turning to automation to improve efficiency and slash labor costs, the founder of a Chinese robotics unicorn sees greater potential and a wider range of applications of robots in the industrial field.
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Chinese Online Insurer ZhongAn’s Fintech Unit Nets $285M Fresh Funds
ZhongAn Technology, a fintech firm backed by Chinese online-only insurance firm ZhongAn Online, unveiled on Thursday that it has closed RMB1.961 billion (US$285.28 million) fresh funds to finance the development, international cooperation, and investme…
Asian PE Firm SAIF Partners Leads $14M Round In Chinese Automatic Driving Start-Up
VIPioneers, a Chinese start-up providing automatic driving solutions for mining operations, has raised nearly RMB100 million (US$14.55 million) in a series A1 round of financing led by Asian private equity firm SAIF Partners, shows information updated …
Gobi Partners Leads $10.6M New Round Of Malaysian E-Commerce and Logistics Start-Up
Gobi Partners, a Chinese venture capital firm with over US$1.1 billion in assets under management (AUM), announced on Tuesday that it has led a US$10.6 million series B funding round of Malaysian e-commerce and parcel delivery start-up EasyParcel.
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SoftBank-Backed Chinese Robotics Start-Up CloudMinds Eyes $500M In New York IPO
CloudMinds, a Chinese robotics start-up backed by SoftBank Group’s Vision Fund, has filed for an initial public offering (IPO) on the New York stock exchange to raise up to US$500 million.
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SoftBank-Backed Chinese Robotics Start-Up…
NY-Listed Ares Management Invests In Chinese Shared-Kitchen Start-Up Huang Xiao Di
Chinese shared-kitchen start-up Huang Xiao Di announced on Monday that it has raised nearly RMB100 million (US$14.55 million) in a series A round of financing from Ares Management, a New York-listed alternative asset manager with about US$137 billion i…