China Money Podcast: 80 Chinese Startups Raise US$2.66 Billion This Week

Cryptocurrency in China

In this episode of China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending May 14.

After coming out of the Chinese holiday last week, this week saw a massive number of startups closing frothy financing rounds. We monitored 80 different startup, growth stage, and pre-IPO investment deals closing over the past 5 days totaling US$2.66 billion across China. The 80 cash-infused startups include a blockchain bank, a fresh food e-commerce platform, and an HR services firm. And this week’s investors include dozens of top-tier private equity and venture capital firms such as Aplus Capital, GDD Industry Fund Investment Group, Tiger Global Management, Shanghai Huajing Economic Development, Baidu Ventures, FountainVest Partners, SoftBank Vision Fund, Shunwei Capital, Primavera Capital, Fidelity Investments, Shenzhen Capital Group, Matrix Partners China, Genesis Capital, Sequoia Capital China, and Goldman Sachs. This is the May 14, 2021 edition of the China Money Podcast where we update you on the news, data, and insights you need for making private equity and venture capital decisions in China.

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