China Tech Digest: Miaoshou Doctor Completes $232M Series F Round; Shenzhen Ranks First In The Number Of New Energy Cars

Miaoshou Doctor raises RMB1.5 billion in series F round

Chinese healthcare service platform Miaoshou Doctor has completed a RMB1.5 billion (US$232 million) series F round of financing. Investors in this round include Sequoia Capital China, Springhill, B Capital Group, Hel Ved Capital, Orbimed, UOB Venture, Efund, QC Capital, Index Capital, BOC International, ABI Capital, INCE Capital, CITIC Securities and Kunling Capital.

JD Logistics co-leads a US$270 million series B round in Inceptio Technology

Inceptio Technology, a Chinese autonomous driving truck developer, announced the completion of a US$270 million series B round financing. This round was co-led by JD JD Logistics, Meituan and PAG, participated from Deppon Express, IDG Capital and many others. Proceeds will be used to further increase its investment in its self-developed autonomous trucking system, and accelerate its deployment in the field of electrification.

Shenzhen ranks first in the number of new energy cars

In 2020, Shenzhen has become the city with the largest number of new energy vehicle registrations in the world for six consecutive years, with more than 86,000 new energy logistics vehicles, making it the city with the largest number of new energy logistics vehicles in the world. In 2020, Shenzhen has realized full electrification of ride-hailing cars and sanitation vehicles. As of the end of 2020, Shenzhen’s new energy vehicles have reached 480,000, accounting for approximately 14% of the city’s motor vehicles.

China’s digital economy reaches US$5.4 trillion

It was learned from the 2021 Global Digital Economy Conference that in 2020, China’s digital economy has reached a scale of nearly US$5.4 trillion, ranking second in the world, with a year-on-year growth of 9.6%, and the growth rate ranking first in the world. American digital economy continues to rank first in the world, reaching US$13.6 trillion in 2020.

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Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets