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…
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…
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.…
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 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…
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…
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.…
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.…
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…
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…
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…)
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.…
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…
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…
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…
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.…
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…
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,…
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…)
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.…
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…
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…
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 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…
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…)
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.…
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…)
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…
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.…
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…
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…)