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China Tech Digest: Bytedance Expands Search Ads, Kuaishou Obtains Payment License

ByteDance expands in information flow search business to compete with Baidu An employee of Bytedance told Chinese media that the…

China Money AI

Truck Driver Dispatch Firm Manbang Raises $1.7 Billion

Manbang Group, an intelligent transportation platform previously known as Yunmanman, announced the completion of a new round of financing of…

China Money AI

DealShot: 14 Deals Topping $1.85 Billion Counting Softbank Vision Fund, Longmen Investment And Others

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: Blackstone Targets $5B Second Asian Fund, Lufax Became Short-Selling Target

Blackstone is raising at least US$5 billion for second Asian PE fund US private equity giant Blackstone hopes to more…

China Money AI

China Launches Long March 5 Rocket For Lunar Probe Successfully

At 4:30 am on November 24, 2020 Beijing time, China's Long March 5 carrier rocket was launched at the Wenchang…

China Money AI

Autonomous Driving Trucks Firm Plus.ai Raises $100 Million

Chinese autonomous driving truck company Plus.ai completed a US$100 million Series C financing, with investors including Guotai Junan International and…

China Money AI

DealShot: 14 Deals Passing $310 Million With China Growth Capital, CDH Investments And More

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

DealShot: 7 Deals Reaching $370 Million Involving Baring PE Asia, Genesis Capital And Others

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: China Sets Up Unfair Competition Agency, Huawei Ranks First In Patents

State Council officials agrees to establish an inter-ministerial joint conference system against unfair competition The State Council agreed to establish…

China Money AI

Tencent Invested In Dozens Of Failed Firms And Lessons Learned

In its Q3 financial report, Tencent’s investment income is very eye-catching. After adjustment in accordance with non-IFRS, as of September…

China Money AI

Chinese Truck Logistics Firm Zeyi Raises RMB600 Million

On November 20, Zeyi Supply Chain officially completed nearly RMB600 million yuan in Series C financing. (more…)

China Money AI

DealShot: 12 Deals Exceeding $110 Million With Dalton Ventures, Lotus Lake Ventures Among Others

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: SEC To Push For Chinese Firms Delisting, Geely And Daimler To Jointly Build Bybrid Car Engines

SEC moves toward delisting Chinese companies from US exchanges but looks unlikely to succeed The U.S. Securities and Exchange Commission…

China Money AI

Biotech Startup D3Bio Completes $200 Million Series A Round

Chinese biotech firm D3Bio has recently announced the completion of a US$200 million Series A financing. This round of financing…

China Money AI

Qiming Venture Raises $1.2 Billion For Fund VII

Qiming Venture Partners today announced the final closing of Qiming Venture Partners Fund VII, a US$1.2 billion fund focuses on…

China Money AI

DealShot: 15 Deals Reaching $630 Million Involving HG Capital, OrbiMed And Many More

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: Alibaba To Invest In Mango Media, JD And Baidu Report Earnings

Alibaba plans to invest in Mango Excellent Media Mango Excellent Media announced that the company planned to transfer 5.26% of…

China Money AI

Chinese Satellite Internet Startup GalaxySpace Completes New Round At Unicorn Valuation

Chinese satellite Internet company GalaxySpace completed the latest round of financing, with a post-investment valuation of nearly RMB8 billion yuan,…

China Money AI

Distributed Database PingCAP Raises $270 Million

PingCAP, an enterprise-level open source distributed database vendor, recently announced the completion of a US$$270 million Series D financing. (more…)

China Money AI

DealShot: 20 Deals Worth $500 Million Counting Baidu Capital, Tencent And More

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: Huawei Announces Honor Sale, Didi Aims For One Million Driverless Cars

Huawei offloads Honor mobile phone business A number of companies have issued a joint statement that Shenzhen Zhixin New Information…

China Money AI

Mech-Mind Robotics Completes RMB100M New Round

Mech-Mind Robotics announced that it has completed a B+ round of financing of nearly RMB100 million yuan. Source Code Capital…

China Money AI

Agricultural Drone Startup XAG Raises RMB1.2 Billion

Guangzhou Jifei Technology Co., Ltd., or XAG, announced the completion of a new round of RMB1.2 billion yuan of financing,…

China Money AI

China Tech Digest: Foxconn Says iPhone 12 Demand Strong, US Not To Enforce TikTok Ban

Foxconn says demand for iPhone 12 is strong and US factories will continue investing as planned Foxconn, an Apple product…

China Money AI

AI Unstructured Data Processing Startup Zilliz Raises $43M

AI unstructured data processing and analysis software company Zilliz announced the completion of a US$43 million series B financing. (more…)

China Money AI

DealShot: 13 Deals Passing $160 Million Including Cathy Capital, SBCVC And Others

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: ByteDance Takes Aim At Alibaba, Qualcomm Said Getting License To Supply Huawei

ByteDance to deepen e-commerce operations in direction competition with Alibaba (more…)

China Money AI

Tencent’s Q3 Financials Show Little Success For Strategic Transition

On November 12, Tencent released its 2020 Q3 financial report. The financial report showed that in the third quarter, Tencent's…

China Money AI

DealShot: 12 Deals Worth More Than $450 Million Counting IDG Capital, GIC Among Others

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Katherine Guo

China Tech Digest: Douyu Applies To Be Delisted From NASDAQ, SMIC Sees Revenues Up 15.3% In Q3

Douyu applies to delist from US stock exchange, in preparation for Huya merger and Tencent takeover Today, Douyu has submitted…

Investment Research Team

Underwater Intelligent Equipment Maker SUBLUE Raises RMB200M

The underwater intelligent equipment company SUBLUE has just completed a RMB200 million yuan Pre-IPO round of financing. (more…)

Investment Research Team

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