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.
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).
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.
Chinese alternative asset management firm CDH Investments has invested an undisclosed amount of money in Huiyihuiying, a Beijing-based medical imaging technology company, according to Chinese media reports.
U.S. investment firm Tiger Global Management and New York Exchange-listed education and technology firm TAL Education have invested in a US$100 million series C round in DadaABC, a Chinese online one-on-one English education platform, according to an announcement on the company’s official WeChat account.
Venture capital firm GGV Capital and Joy Capital have led a US$50 million series C round in Xinshang, a customer to customer marketplace for secondhand luxury goods in China.
Chinese online game streaming platform Chushou TV announced that it has raised a series D round from Google Inc. and existing investors Qiming Venture Partners, Shunwei Capital and Alpha X Capital.
Beijing-based cancer genomics solutions start-up Genetron Health has raised more than RMB400 million (US$61 million) in a series C round led by Zhongjin Kangrui Medical Industrial Fund.
Chinese private equity firm C-Bridge Capital has teamed up with Suzhou bio-medical and medical high-tech park BioBAY in leading a US$38 million series A round in CMAB BioPharm, a contract development and manufacturing organization (CDMO) providing comprehensive pharmaceutical services to biopharma companies.
Chinese e-commerce firm JD.com’s logistics subsidiary, JD Logistics, has led a RMB150 million (US$23 million) financing round in truck logistics firm Fuyoukache to strengthen its capabilities, the company announced on its official Wechat account.
Chinese bike sharing firm Hellobike said it has raised RMB1 billion (US$152 million) in a D2 financing round led by Fosun Group and GGV Capital. The news came three weeks after the bike company raised US$350 million in a series D1 round, putting the company’s fundraising total to just over a half billion U.S. dollars in the past month and placing it in a strong position to compete with industry leaders Mobike and ofo.
China’s largest ride hailing firm Didi Chuxing has completed a new equity funding round of over US$4 billion to further build up its artificial intelligence capacity, fuel its international expansion and develop its new energy vehicle service network.
SolidEnergy Systems Corp., a U.S.-based lithium-metal battery company founded by a group of experts led by a Chinese physics scientist, has raised a US$30 million series C round from unnamed investors.
Fidelity Investments’ Eight Roads Ventures and associated fund F-Prime Capital have teamed up with Northern Light Venture Capital to lead a US$25 million series B round in Chinese speech and language therapy operator, Orient Speech Therapy Center (China) Ltd.
Sequoia Capital China said today that it joined Menlo Park, California-based Sequoia Capital in a US$50 million series C investment round in U.K. artificial intelligence (AI) chip maker Graphcore.
Chinese artificial intelligence chip maker ThinkForce has raised RMB450 million (US$68 million) in series A round from Sequoia Capital China, Hillhouse Capital, Jack Ma-backed Yunfeng Capital and Yitu Technology, an AI start-up specializing in machine vision and hardware, according to media reports.
Chinese venture capital firm Gobi Partners and private equity fund China Prosperity Capital have led a RMB300 million (US$45 million) series A round in 36Kr Media, a Chinese technology new media unit spun off from parent group 36Kr.
Lion Rock FinTech Ltd., a Hong Kong-based fintech company, has raised HK$50 million (US$6.4 million) in an equity financing led by Marathon Venture Partners.
Beijing-based travel service platform Mafengwo has raised a US$133 million series D round from General Atlantic, Temasek, Chinese private equity firm Ocean Link, Chinese venture capital fund Yuantai Changqing fund, and Houpu Investment Management, a private equity firm founded by former Goldman Sachs China Partner Fang Fenglei.
Jiansheng Sports Fund, a fund co-established by Sequoia Capital China and China Media Capital in March to focus on sports equipment brands, sports lotteries and new events IP, has led a series C round in shared gym operator Supermonkey worth hundreds of millions of RMB.
Chinese snack-bar focused checkout-free convenience store operator Xiaoe Weidian has raised a RMB200 million (US$30 million) series B round from Zijue Capital, Haikong Capital, Hainan province government and Zhongguancun Science Park.
Vision Plus Capital, a Hangzhou-based venture capital firm, has led a RMB200 million (US$30 million) series B round in Etong Healthcare, a third-party health examination service provider.
Medlinker, a Chinese social networking platform for doctors, has raised a RMB400 million (US$60 million) series C round led by China Electronics Corporation Data (CEC Data), a data service provider under China Electronics Corporation, which is a state-owned conglomerate directly administered by the central government.