China’s largest co-working office space operator Ucommune has raised a RMB300 million (US$43.5 million) investment round from property developer RK Properties and existing investor Jingrong Holdings, according to the company’s announcement.
Hillhouse Capital has joined General Atlantic to lead a US$120 million series C round in Chinese co-working space Mydream+.
iQiyi Sports, the sports platform of Chinese online video firm iQiyi, has raised a RMB500 million (US$73 million) strategic investment led by IDG Capital.
Chinese venture capital firm Sinovation Ventures has led a RMB100 million (US$15 million) series A round in artificial intelligence-powered fintech start-up Ahi Fintech.
SB China Venture Capital (SBCVC) and Chinese artificial intelligence company SenseTime have co-lead a RMB1.36 billion (US$199 million) series D round in video technology start-up Beijing Moviebook Technology Corp., Ltd.
Shanghai-based peer-to-peer lending platform Dianrong, which raised over half a billion U.S. dollars previously during more exuberant times, has just received a US$40 million investment from Dalian Finance Industry Investment Group (DFIIG), according to a company announcement.
Sequoia Capital China and Boyu Capital have led a US$200 million series D round in Klook, a Hong Kong-based full-service in-destination booking platform.
Chinese venture capital firm Gaorong Capital has joined CMB International to co-lead a RMB180 million (US$26 million) in Chinese artificial intelligence start-up Tianrang.
Chinese investment firm Decheng Capital has led a US$30 million series C round in Nanjing-based pharmaceutical firm Impact Therapeutics.
U.S. co-working space WeWork Companies today announced that it has completed a US$500 million series B round in WeWork China. The round was led by Temasek, the SoftBank Group the SoftBank Vision Fund, as well as Chinese investment firms Trustbridge Partners and Hony Capital.
Chinese Internet of things (IoT) solution provider Tuya Smart has raised a US$200 million series C round from Australian sovereign wealth fund Future Fund and other investors.
Megvii Inc., the Chinese developer of facial recognition system Face++, is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to media reports.
Legend Capital has led a RMB150 million (US$22 million) series B round in Chinese commercial satellites developer Spacety, according to Spacety’s announcement.
Chinese artificial intelligence (AI) solution provider Unisound announced that it has raised a RMB600 million (US$89 million) series C+ round led by China Internet Investment Fund – RMB100 billion fund initiated by Cyberspace Administration of China and Chinese Ministry of Finance.
Chinese big data fintech firm Advance.ai announced completion of a US$50 million series B+ round from China’s Vision Capital, GSR Ventures, Zhen Fund and others.
Ascentage Pharma, a Chinese clinical-stage biopharmaceutical company dedicated to developing apoptosis-targeted therapies for cancer and other diseases, announced that it has raised a US$150 million series C round co-led by YuanMing Prudence Fund and Oriza Seed Venture Capital, as well as new investor Teng Yue Partners.
Technology-focused hedge fund Coatue Management has led a US$350 million series D round in Zuoyebang, an online platform that helps K-12 students with homework.
Qiming Venture Partners has led a US$50 million series B round in The Good Stuff, a community-based e-commerce platform.
One month after Yitu Technology scored US$200 million, the Chinese artificial intelligence firm secured another US$100 million from China Industrial Asset Management Ltd.
Chinese online exam grading service provider 7Net has raised a RMB200 million (US$30 million) series B round from Sinovation Ventures and others.
Shanghai-based chip maker ASR Microelectronic has completed a US$100 million series B financing led by IDG Capital and Wanrong Hongtu Fund, the company announced today.
Beijing-based on-demand coffee delivery service start-up Luckin Coffee has completed US$200 million series A round of financing from Singapore’s sovereign wealth fund GIC, China’s Legend Capital, Joy Capital, and Centurium Capital, according to its official announcement.
Eight Roads Ventures has partnered with ClearVue Partners, a private equity firm focused on the consumer sector of China, to lead a US$102 million series A1 round in autonomous driving firm Pony.ai, according to the latter’s announcement.
Xiaomi-backed online stock brokerage start-up Tiger Brokers announced that it has completed a US$80 million series C round from Prospect Avenue Capital (PAC), Orient Hontai Capital and Oceanpine Capital.
Blockchain cloud computing provider Oasis Labs announced it will raise US$45 million from Binance Labs, Gaorong Capital, Huobi Capital, Pantera, and others, according to Oasis Labs’s announcement.
Goldman Sachs has led a US$127 million series D round in Chinese fitness mobile app Keep, according to GGV’s announcement.
Sequoia Capital led a RMB150 million (US$22.6 million) series B round in Chinese property search engine Zhuge.com, according to its official announcement.
Sequoia Capital China has led a series B round between US$300 million to US$400 million in Chinese Bitcoin miner and mining chip designer Bitmain Technologies Ltd., according to Chinese media citing insiders.
Hangzhou-based biopharmaceutical company Adlai Nortye Biopharma announced that it has raised a US$53 million series B round from Matrix Partners China and other investors.
Chinese rocket start-up iSpace has completed a series A round led by Matrix Partners China, bringing its total financing to RMB600 million (US$90.4 million) in this year, according to Matrix Partners’ announcement on its official WeChat account.
Sunway Group one of Malaysia’s largest conglomerates and KK Fund –a Singapore-based VC investing in seed stage startups across SEA, jointly established a new venture fund, Sun SEA Capital, with a planned size of $50 million to invest in Southeast Asian and Hong Kong startups according to their website.