China Tech Digest: Geely Obtains FAA Certificate For Flying Cars
Geely Technology Group Taili TF-1 obtained the world's first FAA airworthiness certificate for flying cars According to Geely Technology Group…
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Chinese VCs Place Bet On Quantum Technology Startups
Chinese venture capital firms including Hillhouse Capital, Legend Capital, Cornerstone Capital, and CDH Investment have all invested in quantum technology…
Chinese AI Unicorn 4Paradigm Raises $700 Million Mega Pre-IPO Round
Chinese AI unicorn 4Paradigm has completed a US$700 million Series D funding round. Boyu Capital, Primavera Capital, and HOPU Investments…
China Tech Digest: Cambricon Releases AI Training Chip
Cambricon's 7nm AI training chip Siyuan 290 and Xuansi 1000 accelerator officially unveiled Cambricon's Siyuan 290 smart chip and accelerator…
Tencent Made Big Bets On Domestic Gaming Firms In 2020
In 2020, Tencent accelerated investments in gaming assets. During the year, it made 33 investments. In the last two months…
Ant Group Faces Challenges In Restructuring To Meet Regulatory Requirements
Since the IPO of Ant Group was suspended and Ant's controller Jack Ma disappeared from public view for more than…
China Tech Digest: China Makes Breakthroughs In UAV Quantum Networking
China has become the world's largest online retail market for 8 consecutive years According to the Ministry of Commerce, in…
Chinese UWB Chips Startup Raises RMB100 Million
Chinese chip design company New Radio Tech has completed a Pre-A round of nearly RMB100 million yuan of financing at…
Service Robot Startup Yunji Secures Series C Led By Qiming
Yunji Technology, a hotel and service robot company, announced the completion of a series C financing led by Qiming Venture…
China Tech Digest: China To Be First Economy Returning To Pre-Pandemic Growth
Morgan Stanley: China is to become the first economy to return to pre-pandemic growth trajectory As the world's first important…
The Ball Of De-Americanization Starts Rolling As China Seeks Secure Supply Chains
There were 413 equity investment cases in the domestic semiconductor industry in 2020, with an investment amount of more than…
China Tech Digest: Ant Group Sets Up Restructuring Work Group
Chinese official said Ant Group has set up a restructuring work group Chen Yulu, deputy governor of the Chinese central…
Quantum Precision Measuring Startup CIQTEK Secures Round From Hillhouse
Quantum precision measuring instrument company CIQTEK has completed a series B financing worth several hundred million yuan. Hillhouse Ventures led…
China Tech Digest: Xiaomi, COMAC Added On US Investment Blacklist
The US government bans 9 Chinese companies including Xiaomi The U.S. Department of Defense under the outgoing Trump administration has…
How Did One Chinese Phone Maker Dominate The African Market?
A Chinese phone maker based in Shenzhen have taken a dominant market position in the African mobile phone market. Transsion…
Chinese L4 Autonomous Driving Firm WeRide Secures $310M For Series B
WeRide, a Chinese L4 autonomous driving company, announced that it has completed two rounds of financing, series B2 and B3,…
China Tech Digest: Chinese Private Rocket Firm i-Space To IPO
i-Space plans to be listed on the Science and Technology Innovation Board According to the website of the Beijing Securities…
China VC Review 2020: New Funds Decline, High Valuations, And Mad Chip Investments
2020 was a year of reflection and challenges for China's venture capital industry. China's announced private equity and venture capital…
Digital Earth PaaS Firm TerraQuanta Raises Funds From Shunwei Capital
Chinese digital earth PaaS platform TerraQuanta recently received A+ round of financing. This round of financing was invested by Shunwei…
China Tech Digest: Megvii Launches A-Share Listing Counseling
Chinese AI company Megvii Technology launches A-share listing counseling The Beijing Securities Regulatory Bureau announced that Megvii is accepting CITIC…
Sequoia China Leads $150 Million Round In Drug Developer Visen Pharma
Chinese new endocrine drug developer Visen Pharma announced the completion of US$150 million in Series B financing, led by Sequoia…
Baidu Enters Smart Car Business With Partner Geely
Chinese search engine Baidu announced the formal establishment of a smart car company to enter the automotive industry as a…
China Tech Digest: China Has 41 IP Protection Centers
NIO intends to issue US$1.3 billion convertible senior notes NIO announced after the US stock market on January 11 that…
Chinese Fitness App Keep Completes $360 Million Financing
Chinese fitness app Keep announced the completion of a US$360 million series F round of financing. This round of financing…
SF-Backed Hive Box Raises $400 Million From Trustbridge, Sequoia
Chinese express delivery company SF Holdings announced that Hive Box Cayman intends to raise funds, with investor investing US$400 million…
KKR Closes $3.9 Billion APAC Infrastructure Fund
KKR announced the final close of KKR Asia Pacific Infrastructure Investors SCSp, a US$3.9 billion fund focused on infrastructure-related investments…
China Tech Digest: Tesla Begins Second Phase Construction Of Shanghai Gigafactory
The first phase of Tesla's Shanghai plant starts the second phase of construction Tesla China publicized that the second phase…
Covid-19 Propels Chinese Online Education But Poses New Challenges
Looking back at 2020, China's education industry is undoubtedly one of the industries most affected by the pandemic. It accelerated…
China Tech Digest: Baidu Plans To List In Hong Kong During First Half 2021
Baidu plans to go public in Hong Kong as early as the first half of 2021, raising at least US$3.5…
Chinese AI Chip Maker Horizon Robotics Completes $400 Million Financing
Beijing Horizon Robotics Technology, a Chinese AI chip maker, announced the completion of a C2 round of US$400 million financing,…
China Tech Digest: High Demand Sends Foundry Firms To Hike Prices
Off-balance supply/demand of the foundry industry send companies hiking prices Foundry companies are experiencing a wave of high order volume…