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Chinese Drone Maker EHang Raises $46M In Nasdaq IPO

Chinese drone maker EHang Technology Co., Ltd., backed by Linear Capital, GGV Capital and other venture investors, is listed on…

Chinese Co-working Giant Ucommune Files For US IPO

This article by Emma Lee originally appeared on TechNode, the leading English authority on technology in China. Ucommune, China’s largest…

WeRide’s L4 Self-driving Taxi Starts Trial Operation In Guangzhou

Qiming Venture Partners-backed Level 4 (L4) autonomous driving company WeRide has made another major step forward in the commercialization of…

China’s Alibaba, Ethiopia Sign MoU On eWTP To Boost African’s Digital Economy

Chinese e-commerce giant Alibaba Group signed a memorandum of understanding (MoU) with the Ethiopian government on Monday to join the…

China’s Ministry of Public Security Carries Full Chain Attack On Fraudulent Loan Companies

The Chinese Ministry of Public Security held a press conference in Beijing on November 14 to release the work situation…

Xpeng Brings In Xiaomi As Strategic Investor In $400M Series C Round

This article by Chris Udemans originally appeared on TechNode, the leading English authority on technology in China. Xpeng Motors has…

Gaw Capital Partners Forms JV Partnership With Centrin Data To Develop IDC Projects In China

Real estate private equity firm Gaw Capital Partners announces today that a fund under its management has formed a joint-venture…

China’s Technology Imports Reach $449B, Semiconductor Accounts For 70%

The localization of science and technology in China has become more urgent due to frequent geopolitical issues in recent years,…

Sinochem To Launch A $713M Fund With Shandong Province For Environmental Protection

Chinese state-owned conglomerate Sinochem Group Co., Ltd. has signed an agreement with Shandong Province, an eastern China province, to launch…

$14M Blockchain Fund To Launch In Response To Chinese Government’s Support

1911 Group Co., Ltd. announces that it is going to launch an RMB100 million (US$14.3 million) fund to support the…

China’s State Fund Eyes $7B In Fundraising To Support Manufacturing Transformation

A state fund operated by State Development & Investment Corp., Ltd. (SDIC), a state-owned investment holding company, is going to…

US Opens National Security Investigation Into China’s Bytedance

Beijing-based TikTok owner ByteDance Technology Co. is reportedly being investigated as a potential national security risk by the U.S. government,…

Huawei Unveils Its Latest 5G Full-Series Solution

Edward Deng, president of Huawei's wireless solutions, unveiled Huawei's latest 5G full-series solution at the 2019 Global Mobile Broadband Forum.…

Chinese State-Backed Companies To Launch $4B Innovation And Tech Fund In Beijing

Two companies under state-owned firm Zhongguancun Development Group (ZGC Group) are to jointly set up a fund of funds (FOF)…

Crypto.com Lists TomoChain (TOMO)

Best place to purchase TOMO at true cost with zero fees and markups HONG KONG, Oct. 16, 2019 /PRNewswire/ --…

A Joint Fund By Allianz Real Estate And Keppel Capital-Linked Fund To Buy Beijing Office

Allianz Real Estate has formed a joint venture with Alpha Asia Macro Trends Fund III to acquire an 85% interest…

European Private Equity Firm Permira closes Permira VII At $12B

Permira, the global private equity firm, announces that it has held a final closing for its latest buy-out fund Permira…

Sequoia China Leads $14M Series A Round In Chinese AI Start-up InfiMind

InfiMind, a Chinese artificial intelligence (AI) start-up focusing on fashion and retail industries, has raised about RMB100 million (US$14.12 million)…

Chinese Media Welcomes Truce And Calls For Cooperation After Sino-US Mini Trade Deal

China's mainstream media adopted a positive attitude toward a first-phase trade deal announced last Friday and called for further cooperation.…

Chinese Online Fresh Grocery Market Benlai Group Raises $200M In Series D1 Round

Beijing-based online fresh grocery market Benlai Holding Group has raised US$200 million in a series D1 round of financing led…

US Government Adds 28 More Chinese Firms Into Its Entity List

The U.S. Department of Commerce said on Monday that it has added 28 Chinese organisation into its so-called Entity List,…

Shenzhen Capital Group Leads $28M Series B Round In Biotech Hrain Biotechnology

Shanghai-based oncotherapy-focused firm Hrain biotechnology Co., Ltd. announces on Monday that it raises RMB200 million (US$28 million) in a series…

Chip Designer Arm And Huawei’s Partnership Unaffected By US Restrictions

UK-based chip designer Arm confirmed its long-term partnership with Huawei and its semiconductor subsidiary HiSilicon despite U.S. restrictions on Huawei,…

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…

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…

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…

Alibaba-Backed Chinese AI Unicorn Megvii Eyes Hong Kong IPO

Chinese artificial intelligence (AI) unicorn Megvii, the developer of facial recognition software Face++ used widely across China, is filing documents…

Chinese EV Maker NIO Begins New Round of Layoffs Amid Struggling Sales

Chinese electric vehicle start-up NIO is starting another round of layoff as its car sales have plummeted. Due to challenges…

Lenovo Group Founder Liu Chuanzhi Says US Is Forcing China To Decouple From World

Liu Chuanzhi, the founder of Chinese tech company Lenova Group, said in a recent speech that the U.S. is forcing…

DealShot: Chinese Shopping Guide Platform Peanut Diary Raises $42 Million In Series A+ Round

China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.…

Bloomberg: Hong Kong Protests Could Push City’s Economy To Recession

With Hong Kong's economy already growing at a very lackluster 0.6%, the current prolonged protests in Hong Kong could take…