US-based Lunewave, a start-up building sensors for autonomous vehicles, has raised US$5 million in seed funding from several investors including China’s Baidu Ventures.
Hangzhou-based PingPong Intelligent Technology, a third-party cross-border payment company, announced that it has raised series C round from Sino Wisdom Investment and other undisclosed investors.
Beijing-based Nxin Internet Technology Co. Ltd., an agriculture internet platform operator, has raised RMB364 million (US$53 million) in series B financing round from Beijing Junenghesheng Industry Investment Fund and Beijing Shuju Xinrong Investment Management Co., Ltd..
China’s online lender Shanghai Lujiazui International Financial Asset Exchange Co. (Lufax) has attracted a potential investment from sovereign wealth fund Qatar Investment Authority (QIA).
GaoTeng Global Asset Management Ltd., founded by Chinese internet giant Tencent Holdings Ltd and investment management firm Hillhouse Capital Management Ltd., is planning to start accepting money shortly from retail Chinese investors who have existing assets internationally.
China’s sportswear company Anta Sports Products Limited and private equity firm FountainVest Partners are seeking for a €4.6 billion (US$5.3 billion) takeover of Finnish sports equipment maker Amer Sports Oyj.
Chinese online women clothing sharing platform YCloset today announced that it has raised an undisclosed round from Alibaba Group Holding Ltd.
Beijing-based online educational platform Kaochong today announced that it has raised a US$55 million series D round led by Hillhouse Capital.
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.
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.
iCarbonX , a Chinese artificial intelligence-enabled health data mining start-up, has signed a strategic cooperation agreement with COFCO NHRI, the central research institute under Beijing-based agricultural conglomerate COFCO Corporation, to push for the dynamic blood sugar research and its related application development.
China’s Tianqi Lithium Corporation is reportedly nearing a deal to buy a 24% stake in Chile’s Sociedad Quimica Y Minera (SQM) at US$4.3 billion, one of the world’s largest lithium producers. Lithium is a critical element in the production of rechargeable batteries, including for cars.
Xiyun International, a Chinese group meal catering company, has raised US$200 million in a series A round of funding from Ant Financial, CDH Investment and Koubei, a local commerce portal under Alibaba and Ant Financial.
InfraRed NF, a Hong Kong-based real estate investment fund, has paid US$50 million for a 90% stake in Hong Kong self-storage provider RedBox Storage Limited, according to an announcement from InfraRed NF.
Chinese social media-based e-commerce firm Pinduoduo is reported to have raised a US$3 billion investment round led by Tencent Holdings, at a valuation of US$15 billion.
With its announced 5% strategic investment in France’s game developer Ubisoft, Chinese Internet giant Tencent has solidified its position as one of the world’s leading purveyors of video games.
China’s online education platform 17Zuoye, owned by Sunny Education Inc., continues to be a magnet for investors. The latest investment is a US$250 million Series E round in led by Singaporean investment fund Temasek. The deal follows a $200 million investment by AI-driven news aggregation company Toutiao on March 7.
Temasek-backed Fullerton Fund Management has announced that its wholly foreign-owned enterprise Fullerton Investment Management (Shanghai) Co., Ltd., has launched its first private fund in China.
China and the United Kingdom have agreed to set up a bilateral investment fund with an initial target of US$1 billion to support projects under the Belt and Road Initiative, according to a statement released following an annual high-level dialogue between the two nations.
Shunwei Capital, Oriza Holdings and Puhua Capital have led a RMB500 million (US$75 million) series B round in CloudWalk Technology Co., Ltd., an artificial intelligence facial recognition firm whose technology is widely applied in the financial, public security and aviation sectors. Yuexiu Financial Holdings Group, Shenzhen Qianhai Xingwang Investment Co. and a fund co-invested by Galaxy Holding and Zhangjiang Group participated in the new funding round. Cloudwalk also received RMB2 billion (US$301 million) from the government of Guangzhou to set up …
Yidian Zixun, a Chinese personalized news feed mobile app backed by New York-listed Phoenix New Media, has finalized a US$112.1 million financing round from Long De Cheng Zhang Culture Communication (Tianjin) Co., Ltd., a Chinese government guidance fund, and two unnamed investors.
Financing of Chinese co-working space industry continues to accelerate as leading players battle for market share.
Venture firm Matrix Partners China has joined a RMB100 million (US$14.5 million) series A financing round in TianYi Research Institute, a Changsha, Hunan province-based commercial microsatellite start-up, according to Chinese media reports.
Chinese smart wristband maker Huami Technology, which makes the Mi Band fitness tracker for Xiaomi Inc. as a manufacturing partner, is reportedly seeking a new round of financing on a US$1 billion valuation.
Qiming Venture Partners has invested in LIH Investment & Management, a Beijing-based rehabilitation medical institution, according to a company announcement. Financial details were not disclosed.
Tsinghua Holdings has led a RMB150 million (US$23 million) series B round of financing in Tsinova, a Chinese smart bicycle start-up, the company announced.
Shunwei Capital and Northern Light Venture Capital have co-led a RMB100 million (US$15 million) series B round in Shenma Jinrong, an e-commerce start-up focused on credit-driven consumption in China’s rural areas.
PCCW Ltd and Tencent Holdings Ltd have made a strategic investment in STX Entertainment, a Hollywood film studio and distributor backed by Hony Capital and TPG’s growth unit, says a company announcement.
Kelaile, a Chinese big data marketing service provider, has completed a RMB110 million (US$16.6 million) series B round in July, according to Chinese media reports.
CDF Capital has led a RMB80 million (US$12 million) series A round of financing in Touzhijia.com, a P2P (peer-to-peer) online lending platform affiliated with Yingcan Group, according to a company announcement.
Luye Pharma Group Ltd., backed by CITIC Private Equity, has agreed to acquire the advanced transdermal drug delivery systems business from Swiss-based pharmaceutical company Acino for €245 million, according to a company announcement.