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China Money AI

Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

China Tech Digest: Beijing To Reform Stock Exchanges, Wechat Ban To Expire Before US Election

China reportedly plans to reform domestic stock exchanges The China Securities Regulatory Commission plans to reform the domestic exchanges to…

Tencent Invests In Chinese E-Sports Operator VSPN

Shanghai-based e-sports operator Hero Sports, also called VSPN, officially announced the completion of a series B financing with a total…

Chinese Autonomous Driving Startup Pony.ai Reportedly Raises $300 Million At $6B Valuation

Chinese autonomous driving start-up company Pony.ai is rumored to have completed a new round of financing, with a post-investment valuation…

China Tech Digest: ByteDance Considers Listing Of Chinese Unit, Baidu In talks To Acquire YY

ByteDance rumored to consider a listing of its China biz in Hong Kong ByteDance is considering splitting its China business…

Huawei-Backed Sensor Chip Firm SmartSens Raises RMB1.5 Billion

SmartSens Technology, a Chinese image sensor chip company with backers including Huawei, officially announced the completion of a new round…

Chinese VC Gao Rong Capital Raises RMB10 Billion In New Funds

Chinese venture firm Gao Rong Capital has completed a new phase of fundraising of USD and RMB funds. The total…

China Tech Digest: China To Tighten E-commerce Competition Regulations, Huawei Revenues Up 9.9%

China to tighten regulation over unfair e-commerce competition tactics On October 20, the State Administration for Market Regulation issued an…

RNAi New Drug Startup Sirnaomics Raises $105 Million

Sirnaomics, Inc., which focuses on the application of nucleic acid interference technology (RNAi) for new drug creation, has completed a…

Alibaba-Backed Yiguo.com, Having Raised RMB6 Billion, Enters Bankruptcy

Chinese fresh produce e-commerce company, Yiguo.com (or Yiguo Fresh Foods and Yiguo Shengxian), has entered the bankruptcy and reorganization stage.…

China Tech Digest: Baidu, New Oriental Seeks Second Listing In Hong Kong, China 5G Leads With 110M Users

China's 5G core patents are number one in the world, with over 600,000 5G base stations Qin Yong, director of…

Huawei Releases Mate 40 Devices With 5nm Kirin 9000 Chipset

Huawei has released the Mate 40 Pro and Pro Plus phones, amid much anticipation and anxiety as these consumer products…

Robot Advisor Startup AQUMON Raises Pre-B Round

AQUMON, a Hong Kong-based robot advisor wealth management company, has completed a Pre-B round of additional investment from Lenovo Ventures,…

Beijing Calls For "Orderly Development" After Implosion Of Six Massive Chip Projects

Beijing is calling for "orderly development" after several high profile semiconductor projects across China have imploded. This comes after China…

Silicon Carbide Chip Firm InventChip Raises RMB100 Million

Silicon carbide chip company InventChip Technology held a new product launch conference in Shanghai Lingang and announced the latest financing…

Chinese Online Education Unicorn Yuanfudao Completes $2.2 Billion Round

Chinese online education company Yuandaodao has completed a US$2.2 billion in financing with a post-investment valuation of US$15.5 billion. (more…)

China Tech Digest: China’s Covid Vaccine Had Tested On 60,000 People, Ant IPO Faces Risks Over Locking Up Capital

China's four vaccines entered clinical phase III, and 60,000 people were vaccinated without serious adverse reactions According to Tian Baoguo,…

Investment Fund Focused On Scientific Conversion Launches In Beijing

An investment fund focused on scientific research commercialization called Zhongguancun Zhiyou Scientist Fund has been established in Beijing. The fund…

Chinese Online Pharmacy Dingdang Kuaiyao Raises RMB1 Billion

Chinese online pharmacy operator Dingdang Kuaiyao today announced the completion of a RMB1 billion yuan B+ round of financing, jointly…

China Tech Digest: Ping An Overseas Fund Raises $875M, Jack Ma Still Richest Man

Ping An Overseas, a subsidiary of Ping An of China, completed the fundraising of US$875 million in private equity funds…

Semiconductor Firm National Chip Raises Series C Round

Hangzhou National Chip Technology officially announced today that it has received hundreds of millions of RMB in Series C financing.…

Alibaba To Invest $3.6 Billion To Control Sun Art Retail

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) today announced it will invest approximately US$3.6 billion in respect of…

Source Code Capital Closes RMB3.8 Billion RMB Fund

Source Code Capital recently completed the fundraising of the fourth RMB fund, with a raised scale of RMB 3.8 billion.…

China Tech Digest: ASML Can Export DUV To China, Tiktok Separate Servers From Bytedance

ASML says some DUV lithography machines do not require US license to export to China The CFO of ASML, the…

Chinese Biotech Firm Leto Lab Secures RMB100 Million

Leto Lab, a biotechnology focused on recobinant protein drugs, has recently completed a series B financing of over RMB100 million…

Chinese EDA Software Startup X-EPIC Raises RMB100 Million

X-EPIC, a Nanjing city-based startup aimed at building up China's own EDA (Electronic Design Automation) industrial software technology, received a…

China Tech Digest: China’s New Infrastructure Spending, 5G RCS Message Pilot

Goldman Sachs: China's new infrastructure investment is expected to reach RMB15 trillion yuan in 2020-2025 Goldman Sachs Research estimates that…

Chinese InsurTech Firm Nanyan Completes RMB250M Round

Nanyan Insurance Technology recently completed a RMB250 million yuan C round of financing led by Cenova Ventures, with existing shareholders…

Chinese Artificial Heart Company Core Medical Raises RMB100M

The artificial heart research and development company Shenzhen Core Medical Technology Co., Ltd. has received nearly RMB100 million yuan in…

China Tech Digest: Huawei Halts Payment To Qualcomm, China Covid Vaccine Rumors

Huawei reportedly suspends payment of US$1.8 billion in patent fees to Qualcomm until Qualcomm re-supplies chips The long-term patent cooperation…

Safe Driving Systems Startup Tsingtech Microvision Raises RMB100M

Tsingtech Microvision Electronic Technology Co., Ltd., a provider of smart and safe travel solutions, announced that it has completed a…

Alibaba, Dufry To Set Up Joint Venture In China

Alibaba Group and Dufry AG, a global duty free shop operator, have entered into a collaboration to jointly explore and…

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