US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo.
China’s largest co-working office space operator Ucommune, previously known as UrWork, has raised an additional RMB110 million (US$17.4 million) from existing investor Qianhai Wutong Mergers and Acquisition Funds, an M&A fund backed by regional equity exchange Qianhai Equity Exchange.
Sequoia China has led a US$40 million series C round in Mountain View-based artificial intelligence-powered fraud detection solution provider DataVisor, according to an announcement.
SB China Capital (SBCVC)and Youku Tudou are among investors who have likely lost tens of millions of U.S. dollars as popular Chinese youth video sharing platform AcFun shut down operations yesterday.
Ping An Insurance (Group) Company of China, Ltd. has announced that three of its technology subsidiaries, Ping An Healthcare and Technology Company Limited, the operator of Ping An Good Doctor, Ping An Medical and Healthcare Management Co., Ltd. and OneConnect Financial Technology Co., Ltd., have recently completed private placement financing worth US$2.2 billion in total.
Venture capital firm IDG Capital has invested RMB1 billion (US$159 million) in Hangzhou-based new energy vehicle firm SKIO Matrix Co., Ltd., according to the company’s official WeChat account.
Ant Financial, the financial services arm of Alibaba Group Holding Ltd., has invested US$200 million in Indian food delivery firm Zomato Media Private Ltd.
Ping An Healthcare And Technology Co., Ltd., which operates the popular healthcare and medical mobile app Ping An Good Doctor, has been cleared for a US$5 billion initial public offering in Hong Kong.
Chinese agribusiness company New Hope Group has led a US$92 million series B round in Meiliche Financial, a secondhand car financial services platform, with participation from personal finance management firm Wacai, the company announced.
Financial services firm Orix Corp has led a RMB250 million (US$39 million) series A round in Innostic, a Chinese medical consumable supply chain management platform.
Ping An Global Voyager Fund has led a US$25 million round in Tyto Care, a telehealth company with offices in New York and Israel that conducts comprehensive examinations and telehealth visits, the company announced today.
Chinese electric vehicle maker Xiaopeng Motors has raised RMB2.2 billion (US$348 million) in a series B round led by Alibaba Group Holding Ltd., IDG Capital and Taiwanese electronics manufacturer Hon Hai Precision Industry Co., Ltd., also known as Foxconn.
Chinese smartphone manufacturer Xiaomi Inc. has led a RMB200 million (US$31 million) series B2 round in Hsuanzhang, an online financial and tax services provider to small and medium enterprises.
China’s Alibaba Innovation Ventures, the corporate venture capital investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd., has joined a US$30 million round of financing in Israeli safe driving software developer Nexar.
Ping An Ventures, the direct investment arm of Ping An Insurance (Group) Company of China, Ltd., has led a US$100 million series A round in Philadelphia-based biotherapeutics company Tmunity Therapeutics.
Chinese state-backed car maker Beijing Automotive Group’s (BAIC Group) will list its electric vehicle business unit, BAIC BJEV on the Shanghai Stock Exchange at a valuation of RMB28.8 billion (US$4.5 billion).
Sequoia Capital China and SoftBank Group have invested US$50 million in augmented reality camera app developer Snow China, according to a Snow Corporation announcement.
Chris Lai, ex-venture partner at Sinovation Ventures, has moved to Shunwei Capital, a venture capital firm founded by Xiaomi’s founder Lei Jun.
Singapore’s Temasek Holdings has led a new funding round in Rokid, a Chinese robotics start-up. Investors including Credit Suisse Group, CDIB Capital International, and existing investor IDG Capital also participated in the round, Rokid announced on its Wechat official account. The company did not disclose the amount it raised, but Chinese media reports put the number at US$100 million. Rokid did not immediately respond to China Money Network’s inquiry to confirm the figure. It is also unclear how Rokid is …
Alibaba Taiwan Entrepreneurs Fund, a non-profit initiative of Alibaba Group Holdings Ltd., has led a RMB100 million (US$15 million) series B round in Space Cycle, a Taiwanese fitness brand.
Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) series A round from various investors, at a valuation of over RMB10 billion (US$1.6 billion), according to its official Weibo account.
Chinese apartment rental service provider Ziroom has raised a RMB4 billion (US$622 million) series A round led by Warburg Pincus, Tencent and Sequoia Capital China, according to its WeChat official account.
Chinese private equity firm Fosun Capital has led a US$80 million series B round in Bingobox, a start-up developing fully-automated convenience stores.
When it comes to raising tens of millions of dollars in venture capital, it helps to be a veteran of Baidu’s artificial intelligence units. Over the prior 12 months, former employees of the Chinese tech giant have raised close to US$300 million in VC funding rounds, according to a review of deals by China Money Network.
Autonomous driving firm Pony.ai has raised a US$112 million series A round co-led by Morningside Venture Capital and Legend Capital, according to a company announcement.
Chinese franchise smart gym operator Liking Fit has completed series B and C rounds worth RMB350 million (US$54 million), according to its investor Lightspeed China Partners’s official WeChat account.
Chinese tech giant Alibaba Group Holding Ltd. is reported to have bought a US$3 billion stake in bike sharing firm ofo from GSR Ventures.
Shenzhen-based fresh fruit chain retailer Pagoda has completed a RMB1.5 billion (US$230 million) series B round as investors continue to support China’s fresh produce e-commerce industry.
Kr Space, a Chinese co-working space spinoff from technology, media and entrepreneurial services company 36Kr, has completed a new financing round of RMB600 million (US$92 million).
Chinese tech giant Baidu Inc. has teamed up with Singapore technology conglomerate Asia Mobility Industries (AMI) to establish a US$200 million joint venture fund to promote Baidu’s open-source autonomous driving platform Apollo.
Sequoia Capital China has participated in a US$40 million round in Sydney-based graphic design start-up Canva. The deal values the firm at roughly US$1 billion, making Canva Australia’s first "unicorn," a term used for private companies valued at US$1 billion or more.