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Eudora Wang

China VC/Tech Weekly Roundup: Byton Eyes $500M Series C Round, Sky9 Capital Closes Two Funds At $440M

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector…

Chinese State-Owned SDIC Leads $19M Round In Pure Laser Projection Display Start-Up

Casiris Technology, a Chinese start-up that develops pure laser projection display devices, has secured RMB135 million (US$19.06 million) in a…

Chinese Start-Up Stroke Medical Raises $14M Series B Round For Stroke Treatment

Chinese medical devices developer Stroke Medical announced this week that it has raised nearly RMB100 million (US$14.12 million) in a…

Asia-Focused PE Firm PAG To Buy $300M Convertible Notes From China’s LexinFintech

LexinFintech, a fintech platform for educated young adults in China, announced on Wednesday that it has entered into an agreement…

Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown

The Chinese authority has clamped down another domestic cryptocurrency project, shutting down the office of the popular and once well-funded…

Tencent, Sequoia Lead $100M Round In Smart Fabric To Disrupt Traditional Textile Sector

Tencent and Sequoia Capital China have jointly led a US$100 million series C round of financing in Smart Fabric, a…

Chinese Industrial MRO Supplies E-Commerce Start-Up Gets $42M In Series C1 Round

Ruigushop.com, a Chinese e-commerce platform for industrial maintenance, repair and operations (MRO) products, announced on Wednesday that it has raised…

Sequoia-Backed P2P Lender Houbank Collapses As Beijing Mops Up Online Finance Risks

Houbank, a Chinese online peer-to-peer (P2P) lending platform that counts Sequoia Capital China as a major shareholder, has been put…

Chinese EV Start-Up Byton To Close $500M In Series C Round Against Headwinds

Chinese all-electric vehicle brand Byton is raising a series C round of financing at US$500 million from Chinese state-owned automotive…

Chinese O2O Community E-Commerce Platform Huimin Nets $224M

Huimin, a Beijing-based online to offline (O2O) community e-commerce platform, has secured RMB1.6 billion (US$224.88 million) in a new funding…

Baidu Injects $202M Into Chinese Tech-Focused Neusoft For Industry Intelligent Upgrade

Baidu is making a strategic investment of RMB1.443 billion (US$202.81 million) in Neusoft Holdings, a Chinese investment company that primarily…

Chinese Early-Stage VC Firm Sky9 Capital Raises Two Funds At $440M

Sky9 Capital, an early-stage venture capital firm specialized in internet, enterprise services and deep technology investments in China, announced on…

Geely Sets Up JV With German Air Taxis Start-Up After Leading Its $55M Series C1 Round

Chinese automotive company Zhejiang Geely Holding Group has led the first closing of a series C round of financing worth…

Boyu Capital Leads Nearly $300M Series A Round In IDG-Backed Chinese Lodging Brand

ChengHome Apartment, a hotel and serviced apartment brand created by Chinese hotel management company Huazhu Hotels Group and Boston-born investment…

Chinese Medical Supplies Distributor GKHT Gets $154M After Rejected IPO Plan

GKHT Medical Technology, a Chinese company that wholesales and distributes medical supplies, has raised over RMB1.1 billion (US$154.39 million) in…

China VC/Tech Weekly Roundup: Alibaba Acquires NetEase Kaola For $2B, Geely Files Lawsuit Against Chinese EV Start-Up

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector…

Chinese Community Group Buying Start-Up Tongcheng Life Nets $100M

Tongcheng Life, a community group buying platform incubated by Chinese online travel agent Tongcheng-eLong, has raised US$100 million in a…

Alibaba Acquires NetEase Kaola For $2B Eyeing China’s ‘Infant’ Import E-Commerce Market

Alibaba Group Friday announced the acquisition of Kaola, an import e-commerce platform operated by NetEase, for about US$2 billion, paving…

Chinese AI-Enabled Fintech Start-Up IcreKredit Gets $46M From State-Owned PE Firm

IceKredit, a Chinese start-up that provides artificial intelligence (AI)-powered modeling services for SME & personal credit assessment, announced on Friday…

Tencent Pours $120M Into Chinese CRM Start-Up To Help Companies Go Digital

Xiaoshouyi, a Chinese customer relationship management (CRM) software provider, has secured US$120 million in a series E round of financing…

Chinese Online Insurance Platform Huize Files US IPO Eyeing Up To $150M

Huize Holding Limited, a one-stop insurance product and service platform in China, has filed an initial public offering (IPO) in…

Chinese Pet Grooming Services Provider Pet’em Closes Nearly $13M Fresh Funds

Pet'em, a pet services and products brand in China, announced on Wednesday that it has raised nearly RMB100 million (US$13.98…

Embattled Electric Carmaker Faraday Future Hails New CEO From BMW’s i8 Team

Faraday Future (FF), an embattled electric car start-up based in California, announced on late Tuesday the appointment of Carsten Breitfeld…

China VC Tracker: Monthly Deal Value Volatile As August Data Bounces Back From Record Low

China's venture capital market has grown back to the monthly average level of about US$4 billion in August from a…

Ex-Baidu Investment Head-Led Xianghe Capital Closes Two Funds At $564M

Xianghe Capital, a principal investment firm founded by former executives at Baidu's investment team, has closed its second USD-denominated fund…

CDIB Capital Hires Rivendell Partners Founder Alex Ying To Head Buyout Team

CDIB Capital, a private equity company primarily investing in cross-market businesses in the Asia Pacific, has hired Alex Ying, former…

Gaorong Capital Leads Series B Round In Chinese Intelligent Investment Start-Up

Value Simplex, an intelligent investment management services provider in China, announced on Tuesday the completion of a series B funding…

Chinese VC Firm Chuxin Capital Reaches First Close For Debut USD Fund At $50M

Chuxin Capital, a Beijing-based venture capital firm specialized in mobile internet investments, announced on Monday that the company has reached…

Geely Files $293M Lawsuit Against Chinese EV Start-Up WM Motor

Chinese automotive company Geely has sued four companies affiliated with WM Motor, a Shanghai-based electric vehicle maker backed by Baidu,…

China VC/Tech Weekly Roundup: Chinese AI Unicorn Megvii Files For Hong Kong IPO, Tencent Invests $125M In Kuaikan

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector…

Didi Debuts Pilot Program For Robo-Taxi Hailing Services In Shanghai

Didi Chuxing, the largest ride-hailing platform in China, has debuted its pilot robo-taxi services that allow passengers to hail self-driving…

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