China Tech Digest: 38 Chinese Companies Went Public In U.S. In First Half Year; JD.com Leads A $300M New Round In KK Group


38 Chinese companies went public in the U.S. in the first half of 2021

In the first half of 2021, a total of 38 Chinese companies went public in the United States (excluding SPAC and OTC), raising a total of US$13.537 billion, of which 24 were listed on the Nasdaq and 14 were listed on the New York Stock Exchange. In addition, there are at least 23 Chinese companies in the process of listing.

JD.com leads a US$300 million new round in KK Group, with a post-money valuation of US$3 billion

JD.com has recently led a new round of financing in Chinese imported lifestyle products marketplace KK Group. In addition to JD.com, some new and existing investors also participated, with a financing amount of approximately US$300 million and a post-money valuation of US$3 billion.

Dong Mingzhu: Gree is developing air-conditioning power generation technology, which may cool the world by half a degree

Dong Mingzhu, chairman and president of Gree Electric Appliances Inc., today said at a summit that Gree is developing a new technology that can integrate light energy, energy storage and air conditioning. The air conditioner becomes a power station without the need for urban power grid or remote transmission. Enough energy can be gathered to generate electricity through air conditioners. While ensuring the cooling or heating, the excess electric energy can be stored for all the lighting in a house at night. If the technology is applied globally, the global temperature can be reduced by half a degree.

IDC: Chinese enterprise team collaborative software maintains rapid growth

IDC’s "2020 China Enterprise Team Collaborative Software Market Tracking Report" shows that the Chinese enterprise team collaborative software market reached US$255 million in 2020, a year-on-year increase of 31.8%. IDC predicts that the size of Chinese enterprise team collaborative software market will reach US$602 million by 2025, and the compound annual growth rate (CAGR) of the overall market will be 18.8% in the next five years.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

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