Shenzhen-based immigration service provider Hinabian Technology Co., Ltd. today announced that it has raised an undisclosed series B round from Chinese travel service provider Ctrip.com.
China has become the growth engine for the smart speaker market worldwide, contributing 52% to worldwide volume growth, against 16% from the U.S. in the second quarter this year, according to a report by analyst company Canalys.
Shanghai-based insurance start-up Ins For Renascence (IFR) has raised a series round worth of around RMB100 million (US$14.5 million) led by Matrix Partners, according to Matrix Partners’ announcement on its official WeChat account.
Chinese consumers love karaoke. A company focused on providing audio and video karaoke systems has just raised more money to meet this rising demand. Beijing-based Thunder Stone Technology, a provider of karaoke on-demand systems and solutions, has raised a RMB200 million (US$29 million) series B round led by China Minsheng Investment Group, according to a company announcement.
China has launched various 5G scale test and application pilot programs, while local governments are setting 5G coverage schedules and accelerating infrastructure construction, as the country races to seize the advantage of 5G technology, according to multiple Chinese media reports.
Shanghai-based 111 In., which runs an online retail drugstore and healthcare platform in China, has filed for U.S. initial public offering to raise US$200 million under the name YI, according to its prospectus.
Chinese smartphone giant Huawei will launch its first smart TV before end of this year, to enter the increasingly competitive smart TV market in China, according to Chinese media citing insiders at Huawei’s suppliers.
Chinese sovereign fund China Investment Corp (CIC) is reportedly joining a consortium led by Hillhouse Capital Group to buy Yum China Holdings, Inc., the operator of KFC and Pizza Hut in mainland China, according to a media report.
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus.
China’s largest co-working office space operator Ucommune has raised a RMB300 million (US$43.5 million) investment round from property developer RK Properties and existing investor Jingrong Holdings, according to the company’s announcement.
Beijing-based OneSpace Technology, China’s first private rocket producer, has raised a RMB300 million (US$44 million) series B round led by CICC Jiatai Equity Funds, according to the company’s official announcement.
New Oriental Education & Technology Group has established a RMB1.5 billion (US$220 million) industrial fund to invest in Chinese educational companies, according to the company’s announcement at a press conference last Friday in Beijing.
Beijing-based Chinese children’s graded on-line reading platform Koala Reading has raised a US$20 million series B round led by GGV Capital and XVC Venture Capital, according to the company’s announcement.
Suzhou-based bio-pharmaceutical company TOT Biopharm has raised US$102 million series B round led by Chinese local asset management 99Fund, according to the company’s announcement.
Matrix-backed Chinese graphic social media tool Meipian, recently announced the completion of its series B round worth billions of RMB.
After completing the docking with Alibaba’s Tmall store, Ali Health, RT-Mart, Freshhema and other commercial entities, Ele.me announced that it had completed the entrance docking with Hellobike.
Dada-JD Daojia, a Chinese online grocery delivery firm, has raised US$500 million from U.S. retailer Walmart and Chinese delivery giant JD.com in its latest round of financing, according to the company’s announcement.
Lianxing Capital has raised strategic investment from many institutions including Huobi Global Ecosystem Fund, JLAB, and Gobi Venture Capital among others.
iQiyi Sports, the sports platform of Chinese online video firm iQiyi, has raised a RMB500 million (US$73 million) strategic investment led by IDG Capital.
Shanghai-based peer-to-peer lending platform Dianrong, which raised over half a billion U.S. dollars previously during more exuberant times, has just received a US$40 million investment from Dalian Finance Industry Investment Group (DFIIG), according to a company announcement.
Suzhou city, Jiangsu Province-based biotech firm CureGenetics Co., Ltd has raised a US$17 million series A round led by Qiming Venture Partners.
Shangde Qizhi Education Group Ltd., a Shanghai-based K-12 private education provider, has filed for initial public offering on Hong Kong Stock Exchange, according to is IPO prospectus.
SDIC Venture Capital, a Chinese state-owned investment holding company, has joined the venture capital fund of Chinese Academy of Sciences, and Suzhou Chengxin Venture Capital to invest RMB150 million (US$22 million) in series B round in Chinese semiconductor laser manufacturer Suzhou Everbright Photonics Co. Ltd, according to Everbright Photonics’s announcement.
Guangdong-based agriculture products distributor Wangjiahuan has raised a RMB400 millon (US$58.7 million) series A round from Singapore-based logistics solution provider Global Logistic Properties (GLP), according to the company’s announcement.
Sequoia Capital has led a US$50 million series B+ round in Shanghai-based used goods swap app Xiangwushuo, which promotes a green and environmentally friendly lifestyle.
Chinese medical solution provider Medlinker has raised a RMB1 billion (US$146.8 million) series D round led by China Capital Zhongcai Fund, an industrial fund management company jointly sponsored by China Investment Securities, Zhongcai Financial Holding Investment LTD and others.
Chinese consumer medical beauty platform Igengmei raised a US$50 million series D1 round from Xiamen-based technology company Meitu and Shenzhen-based FOFs DH Fund.
China will launch a pilot electric vehicle battery recycling scheme in 17 cities and regions including the Beijing-Tianjin-Hebei region, Shanxi Province and Shanghai to help clean up the country’s environment.
Singapore-headquartered taxi-booking app GrabTaxi Holdings Pte Ltd has completed US$350 million series E round of financing from China’s Didi Kuaidi, China Investment Corporation, existing investor Coatue Management LLC and others, according to a company announcement. The Southeast Asian company says it will use the proceeds to expand its booking services and invest in technology.
A six-months-old healthcare O2O (online-to-offline) start-up founded by Shanghai Pharmaceuticals Holding Co., Ltd. has completed RMB1.112 (US$174 million) series A funding with participation from JD.com Inc. and IDG Capital Partners, according to a securities filing. Shanghai Pharmaceuticals, listed on the city’s stock exchange, is leading the round, injecting RMB900 million (US$141 million) via a share swap.
Warburg Pincus’ former head of China and North Asia, Chang Sun, has lunched a private equity firm and is currently seeking to raise US$1 billion to invest in agriculture businesses in China, according to media reports. A representative at Warburg Pincus confirmed that Sun is no longer a managing partner at the firm, but said he would remain as a special limited partner.