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Venture Capital

Chinese Electric Boat Motor Maker ePropulsion Secures Financing

ePropulsion, a Chinese electric outboard motors maker, recently announced the completion of a billion-level B round of financing. (more…)

Ex-Nvidia Executive Founded GPU Startup Secures Funding; 5G Chips Firm Raises Financing

Moore Threads, a GPU computing technology and services startup founded reportedly by former Nvidia executives, recently completed a multi-billion yuan…

China Has 264 Unicorn Firms, US Has 240: Together They Take 80% Of Global Total

In 2020, China added 46 new unicorn companies. At the end of the year, there were 264 unicorn companies in…

Chinese Consumers Prefer Chinese Brands: The Arrival Of China’s Local Consumer Brands

In 2020, the Chinese consumer brand investment and financing market reached the highest level. There were 245 investment and financing…

Didi Autonomous Driving Unit Secures $300 Million Financing

Didi's autonomous driving unit had recently completed a financing of US$300 million. This round was led by IDG Capital, followed…

GGV Capital Raises $2.52Billion And RMB3.4 Billion For New Funds

GGV Capital announces the completion of the fundraising of US$2.52 billion for a USD fund and the near completion of…

Agile Robots Secures Series B Financing

Agile Robots, an artificial intelligence robot company, announced the completion of Series B financing. The company said the investors include…

Travel Services Provider KLOOL Secures $200 Million

KLOOK Travel recently received US$200 million in Series E financing, led by Aspex Management, a pan-Asian investment company. (more…)

EDA Startup X-Epic Secures Financing As China Seeks Tech Self-Sufficiency

Chinese EDA (Electronic Design Automation) software startup X-Epic announced today that it has completed hundreds of millions of yuan in…

Chinese Battery Leader CATL Makes Vast Investments In EVs, Self-Driving And Chips

Contemporary Amperex Technology Co. Limited (CATL), the Chinese battery manufacturer and the world's third largest provider of EV, HEV and…

Chinese Self-Driving Startup Uisee Raises RMB1 Billion

Chinese autonomous driving company Uisee announced that it has completed a new round of financing of more than RMB1 billion…

Chinese VCs Place Bet On Quantum Technology Startups

Chinese venture capital firms including Hillhouse Capital, Legend Capital, Cornerstone Capital, and CDH Investment have all invested in quantum technology…

Chinese AI Unicorn 4Paradigm Raises $700 Million Mega Pre-IPO Round

Chinese AI unicorn 4Paradigm has completed a US$700 million Series D funding round. Boyu Capital, Primavera Capital, and HOPU Investments…

Chinese UWB Chips Startup Raises RMB100 Million

Chinese chip design company New Radio Tech has completed a Pre-A round of nearly RMB100 million yuan of financing at…

Service Robot Startup Yunji Secures Series C Led By Qiming

Yunji Technology, a hotel and service robot company, announced the completion of a series C financing led by Qiming Venture…

Quantum Precision Measuring Startup CIQTEK Secures Round From Hillhouse

Quantum precision measuring instrument company CIQTEK has completed a series B financing worth several hundred million yuan. Hillhouse Ventures led…

Chinese L4 Autonomous Driving Firm WeRide Secures $310M For Series B

WeRide, a Chinese L4 autonomous driving company, announced that it has completed two rounds of financing, series B2 and B3,…

China VC Review 2020: New Funds Decline, High Valuations, And Mad Chip Investments

2020 was a year of reflection and challenges for China's venture capital industry. China's announced private equity and venture capital…

Digital Earth PaaS Firm TerraQuanta Raises Funds From Shunwei Capital

Chinese digital earth PaaS platform TerraQuanta recently received A+ round of financing. This round of financing was invested by Shunwei…

Sequoia China Leads $150 Million Round In Drug Developer Visen Pharma

Chinese new endocrine drug developer Visen Pharma announced the completion of US$150 million in Series B financing, led by Sequoia…

Chinese Fitness App Keep Completes $360 Million Financing

Chinese fitness app Keep announced the completion of a US$360 million series F round of financing. This round of financing…

Chinese AI Chip Maker Horizon Robotics Completes $400 Million Financing

Beijing Horizon Robotics Technology, a Chinese AI chip maker, announced the completion of a C2 round of US$400 million financing,…

Chinese Venture Firm Dayone Capital Raises $600 Million For Debut Fund

Dayone Capital, a newly established venture fund focused on opportunities in the new consumer sector, recently completed the first phase…

CICC Capital, Primavera Lead RMB1.8 Billion Round In AI Cloud Computing Firm Enflame

Enflame Technology, a Chinese artificial intelligence cloud computing platform, announced the completion of a series C financing of RMB1.8 billion,…

Chinese Industrial Robot Startup Flexiv Raises $100 Million

Chinese general intelligent robot company Flexiv Technology announced that it has completed a Series B financing of more than US$100…

Softbank Ventures Asia Leads Financing In Chinese Delivery Robot Firm KeenOn

Shanghai KeenOn Technology announced that it has completed hundreds of millions of yuan in Series C financing. This round of…

Hillhouse Ventures Leads RMB100 Million Round In Children’s Cheese Brand

A children's cheese brand "Miaofei" recently completed a series B financing of nearly RMB100 million yuan led by Hillhouse Ventures.…

Chinese RISC-V Chip Startup Secures Financing

A Chinese RISC-V processor core IP and ecological platform company Nuclei System Technology recently announced the completion of a new…

Trustbridge Partners Leads $500 Million Round In Digital Healthcare Firm Dingxiangyuan

Dingxiangyuan, a Chinese domestic digital healthcare technology company, announced the completion of a US$500 million financing. This financing was led…

Alibaba, Tiger Join $1.6 Billion Round In Online Education Firm Zuoyebang

The Chinese online education company Zuoyebang announced the completion of the E+ round of over US$1.6 billion in financing. (more…)

Chinese Self-Driving Firm WeRide Raises $200 Million

WeRide, a Chinese autonomous driving mobility company, announced today the completion of its Series B1 funding with a strategic investment…

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