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Tech

WeChat Pay, Alipay Partner QFPay Gets $20M Eyeing Asian Market

Beijing-based digital payment start-up QFPay announced on Tuesday that it has closed US$20 million in a new funding round led…

Chinese Computer Vision Start-Up Simshine Raises $8M Pre-A Round

Simshine, a Chinese artificial intelligence (AI) start-up focused on embedded computer vision technology, has raised US$8 million in a series…

Morningside Backs Chinese Low-Code Platform Start-Up ClickPaaS In Series A Round

Chinese low-code platform developer ClickPaaS has raised millions of U.S. dollars in a series A round of financing from the…

China’s 01 Venture Capital Closes Second USD Fund At $100M For Internet Investments

Chinese investment company 01 Venture Capital announced on Monday that it has raised US$100 million for the second USD-denominated fund,…

Chinese AIoT Solution Provider Terminus Closes $283M Series C1 Round

Chinese internet of things (IoT) solution provider Terminus Technologies announced on Monday that it has raised RMB2 billion (US$283.12 million)…

Baidu Injects $30M Into Tencent-Backed Firm For Mini-Program Development

Chinese e-commerce service provider Youzan announced on Thursday that its affiliate Qima Holdings has raised US$30 million from Baidu to…

Computer Vision Start-Up Clobotics Gets $22M Serving Retail, Wind Power Firms

Clobotics, a Chinese intelligent computer vision solutions developer, has raised US$22 million in a series pre-B round of financing led…

Hong Kong-Based Personal Finance Platform CompareAsiaGroup Raises $20M

British information services provider Experian announced on Tuesday that it is leading a US$20 million investment for the first close…

Chinese AI Chips Developer WITINMEN Closes $14M Series A Round

Chinese artificial intelligence (AI) chips and system solutions provider WITINMEN has closed nearly RMB100 million (US$14.22 million) in a series…

GGV Capital Leads Series D Round In Chinese IoT Technology Developer Sensoro

Sensoro, a Chinese internet of things (IoT) technology developer, has completed a series D round of financing led by global…

Joy Capital Leads $14M Fresh Round In Chinese Mobile VR/AR Start-Up NOLO VR

NOLO VR, a Chinese start-up specialized in the field of mobile virtual reality (VR) and augmented reality (AR) interaction, announced…

Microsoft, Apple Join SoftBank’s $108B Second Vision Fund To Double Down On AI

SoftBank Group Corp. announced on Friday that it has launched the sequel to its near US$100 billion Vision Fund, "SoftBank…

iSpace Completes China’s First Commercial Satellite Orbital Launch

Chinese private space launch start-up Starcraft Glory, also known as iSpace, has become the first private company in China to…

Legend Capital Pours $14M Into Chinese Internet Security Solutions Provider

River Security, a Chinese internet security solutions provider, announced last week that it has raised RMB100 million (US$14.53 million) in…

DCM Ventures Backs Chinese Social E-Commerce Start-Up In Series Pre-A Round

Chinese social e-commerce start-up Fenxiang Life has raised about US$10 million in a series pre-A round of financing from global…

Gaorong Capital Leads Series A+ Round In Chinese IT Operation Service Provider BizSeer

BizSeer Technology, a Chinese IT operation service provider, has raised tens of millions of yuan in a series A+ round…

Geek+ Founder Zheng Yong Sees Massive Potential Of Robots In Industrial Sectors

As traditional sectors in China are turning to automation to improve efficiency and slash labor costs, the founder of a…

Chinese Cloud Services Provider Enters Unicorn Club After $87M Series B Round

Chinese cloud services provider Inpur announced last Saturday that it has raised RMB600 million (US$87.23 million) in a series B…

Chinese Online Insurer ZhongAn’s Fintech Unit Nets $285M Fresh Funds

ZhongAn Technology, a fintech firm backed by Chinese online-only insurance firm ZhongAn Online, unveiled on Thursday that it has closed…

IDG-Backed Chinese Business Expenses Management Start-Up Closes $12M

Beijing Fenbeitong Technology Co Ltd, a Chinese corporate expenditure management start-up, has raised RMB85 million (US$12.36 million) in a series…

Asian PE Firm SAIF Partners Leads $14M Round In Chinese Automatic Driving Start-Up

VIPioneers, a Chinese start-up providing automatic driving solutions for mining operations, has raised nearly RMB100 million (US$14.55 million) in a…

SoftBank-Backed Chinese Robotics Start-Up CloudMinds Eyes $500M In New York IPO

CloudMinds, a Chinese robotics start-up backed by SoftBank Group's Vision Fund, has filed for an initial public offering (IPO) on…

Sequoia China, Eastern Bell Capital Back Chinese Electronic Components Marketplace

LCSC, an online marketplace for electronic components in China, announced on Monday that it has raised RMB250 million (US$36.37 million)…

Chinese Investors Back Mobile Payment Start-Up OPay In $50M Fresh Round

Opera, a Norway-based web browsers and mobile apps provider acquired by a consortium of Chinese investors in 2016, has raised…

Tencent Backs India’s NiYO In $35M Series B Round Eyeing Blue-Collared Customers

Indian digital banking start-up NiYO Solutions announced on Tuesday that it has closed US$35 million in a series B round…

Chinese Insurtech Start-Up Leapstack Gets $14M Amid Tightening Govt Supervision

Leapstack, a Chinese insurtech start-up focusing on the healthcare industry, announced on Monday that it has raised nearly RMB100 million…

Alibaba-Backed Industrial Internet Platform Developer Closes $14M In Series Pre-A Round

Wuxi Xuelang Digital System Technology, the developer of Chinese industrial internet platform Xuelang Cloud, has raised nearly RMB100 million (US$14.51…

Former Tencent Executives-Led Genesis Capital Closes Second China Fund At $850M

Genesis Capital, a Hong Kong-based growth capital fund that mainly backs growth-stage internet firms, announced last week that it has…

Chinese Digital Services Provider Segi Closes Over $14M In Series B+ Round

Chinese digital services provider Shenzhen Segi Information Technology announced on Monday that it has raised over RMB100 million (US$14.51 million)…

Global Retail Banking Executives See Upcoming Industry Evolution Driven By AI

Retail banking executives worldwide are strategically positioning for an upcoming evolution of intelligent digital banking, in which new technologies like…

Xiaomi-Backed Chinese Fintech Start-Up Fumi Technology Gets $36M Fresh Funds

Fumi Technology, a fintech start-up incubated by Chinese mobile phone behemoth Xiaomi, announced last Friday that it has raised RMB250…