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Tech

UAE’s Group 42 Backs Chinese 3D Printer Maker In $60M Series B1 Round

HeyGears Technology, a Chinese technically innovative company focused on 3D printing applications, has raised US$60 million in a series B1…

Chinese AI Solution Developer Aibee Raises $74M In Series A1 Round

Beijing-based artificial intelligence (AI) solution developer Aibee has raised US$74 million in a series A1 round of financing led by…

Sequoia Capital Backs Chinese AI Data Service Provider Graviti In $10M Pre-A Round

Graviti, a Shanghai-based artificial intelligence (AI) data service provider, announced that it has raised about US$10 million in a series…

Hillhouse Capital Leads $28M Series A+ Round In Chinese Insurtech Start-up Lima Technology

Lima Technology, a Beijing-based insurtech company focused on the insurance industry, announced that it has raised RMB200 million (US$28.42 million)…

China Sets Up Face Recognition Standards Working Group, CloudWalk Participates To Promote AI Governance

The development of the new generation of artificial intelligence (AI) is like a double-edged sword. While bringing huge benefits, there…

Eight Roads Leads Series B Round In Chinese cloud solution provider ForceClouds

ForceClouds, a Chinese cloud solution provider targeting the field of life sciences, has raised around US$10 million in a series…

China Regulates AI-Enabled "Deep Fake" Video And Digital Content

China's State Internet Information Office, the Ministry of Culture and Tourism, and the State Administration of Radio and Television jointly…

Goldman Sachs Leads $60M Round In Retail Software Company CitiXsys

CitiXsys, a retail software company with global presence, has closed a US$60 million financing round, led by Goldman Sachs Merchant…

Joy Capital Leads $110M Series C Round In Chinese Digital Energy Service Provider

Chinese digital energy service provider Newlinks Technology Group has raised US$110 million in a series C round of financing led…

Hillhouse Capital Co-leads $14M Series C Round In Chinese Cyber Security Start-up ThreatBook

Beijing-based security threat intelligence company ThreatBook has raised about RMB100 million (US$14 million) in a series C round of financing…

Chinese Optical IC Solution Provider PhotonIC Completes Series C Round

PhotonIC Technologies, a Chinese optoelectronic integrated circuit chips provider, announced on Thursday that it has completed a series C round…

Chinese Instant Image Sharing Platform VPhoto Raises $14M In Series B

VPhoto, a Chinese instant image sharing service platform, has raised RMB100 million (US$14 million) in a series B round of…

Chinese Official Media Asks If Digital Currency Will Replace Banknotes

The Guang Ming Daily reported the blockchain chain for an entire page, including three articles: "Blockchain: Paving The Cornerstone Of…

The Future Science Prize Sets $100M Permanent Donation Fund

On the award ceremony of 2019 Future Science Prize held on November 17 in Beijing, Shen Nanpeng, the rotating chairman…

UBTECH Robotics’ AI Education Strategic Partner UBGenius Completes Series B Round

UBGenius, the strategic partner of Chinese humanoid robotic company UBTECH Robotics’ artificial intelligence (AI) education, has raised over RMB100 million…

China’s UBTECH Robotics Signed $362M AI Education Project In The UAE

Chinese AI and humanoid robotic company UBTECH Robotics has signed an artificial intelligence (AI) education project cooperation agreement with Royal…

China’s Horizon Robotics Joins Hands With Freetech For ADAS Development And Smart Driving

Chinese advanced driver assistance systems (ADAS) suppliers are facing a breakout. (more…)

Hillhouse Capital Leads Series A Round In Chinese Industrial Internet Firm AllSense

Chinese industrial internet company AllSense announced that it has raised tens of millionos yuan in a series A round of…

Morningside Venture Capital Leads Series A Round In Chinese Collaborative Data Science Platform

Heywhale, a Chinese collaborative data science platform, has raised millions of US dollars in a series A round of financing…

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…

Chinese Hillhouse Capital Joins Financing Round In African Uber Of Trucks Start-Up Lori Systems

Lori Systems, an African "Uber of trucks", announces that it has raised around US$20 million via two financing rounds. The…

China Merchant Capital leads $14M A+ round in SaaS firm Dong Pinhui

Dong Pinhui, an Internet-enabled frozen food platform, announces on Thursday that it has secured nearly RMB100 million (US$14 million) in…

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,…

$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…

Volcanics Venture, CCV Lead $15M Series B Round In Chinese Digital Marketing Solutions Provider

Naxions, a Chinese provider of digital marketing solutions for pharmaceutical companies, has completed a US$15 million series B round of…

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,…

CMBI Leads Series A Round In Satellite-Navigation Chips Manufacturer Allystar

Shenzhen-based Allystar Technology Co., Ltd., a satellite-navigation chips manufacturer, has completed hundreds of millions of RMB in a series A…

Huawei Makes Its First Investment In Automobile Industry In Ethernet Chips Provider Firm MotorComm

Habo Investment, a wholly-owned subsidiary fund under China's tech giant Huawei, has recently invested in Suzhou MotorComm Electronic Technology Co.,…

Guangzhou Government To Launch $142M Subsidy Fund For Blockchain

Guangzhou government is going to launch an RMB1 billion (US$142 million) fund to support the development of blockchain, according to…

Co-Founder Zhan Ketuan Dismissed From Bitcoin Mining Equipment Firm Bitmain

Bitmain technology, a Bitcoin mining equipment firm, announced on Tuesday that its co-founder Zhan Ketuan has been ousted from Bitmain.…

Bitcoin Mining-Related Firm Canaan Seeks To Raise US$400M In US IPO

Canaan Creative, Hangzhou-based computer hardware manufacturer, is going to raise US$400 million in an initial public offering (IPO) in the…