Chinese Karaoke Solutions Provider Thunder Stone Raises $29M

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.

Chinese Semiconductor Laser Manufacturer Everbright Photonics Raises $22M Series B Round

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.