Sequoia Capital and Shunwei Capital have led a US$38 million series D round in London-based IP Analytic and Management platform PatSnap.
Shunewei Capital, DCM Ventures Lead $66M Series C Round In Online Pharmacy Trading And Education Platform Yaoshibang
Yaoshibang, a Guangzhou-based online pharmacy trading and education platform, announced that it has completed a RMB420 million (US$65.7 million) series C round led by Shunwei Capital and DCM Ventures.
Sequoia Capital China Said To Invest In Bitmain’s $400M Pre-IPO Round
Sequoia Capital China is said to have led a US$400 million pre-IPO round in Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd., valuing the firm at US$12 billion, according to Chinese local media reports citing insiders.
Zhejiang Silk Road Joins In $100M Series B Round In British Surgical Robot Developer CMR Surgical
China’s Zhejiang Silk Road Fund has participated in a US$100 million series B round in CMR Surgical Ltd, a British company developing surgical robots.
Tiger Global Leads $70M Round In Chinese Long-term Apartment Leasing Firm Danke
Tiger Global Management has led a US$70 million series B+ round in Chinese long-term apartment leasing firm Danke, according to Danke’s announcement.
Sina, Mandra Capital Lead $103M Round In Chinese Fintech Firm Pintec
Chinese online media firm Sina Corporation (NASDAQ:SINA) has joined Hong Kong-based venture capital firm Mandra Capital to lead a US$103 million financing round in Pintec, a Chinese fintech platform.
Alibaba Leads $300M Series D In Cross-Border Shopping Recommendation App Xiaohongshu
Chinese tech giant Alibaba Group Holding Ltd. has led a US$300 million series D round in Xiaohongshu, a social recommendation app for cross-border shopping, valuing the firm at over US$3 billion.
Sinovation Ventures Invests $5.8M In Yonghui Superstore Unit
Chinese incubator and venture capital firm Sinovation Ventures has invested RMB37.5 million (US$5.8 million) in return for a 3% stake in a unite of Tencent-backed Chinese fresh produce retailer Yonghui Superstores.
CDH Investments, Leadyond Capital Lead $39M Series B In Drug Discovery Firm HitGen
Chinese alternative asset fund manager CDH Investments and Beijing-based Leadyond Capital have led a RMB250 million (US$39 million) series B round in Chengdu-based drug discovery firm HitGen, according to HitGen’s announcement.
Chinese E-commerce Firm Jollychic Gets Investment From Sequoia Capital At Unicorn Valuation
Sequoia Capital’s growth fund has led a series C round worth of hundreds of millions of USD in Chinese cross-border e-commerce firm Jollychic, valuing the firm at US$1 billion.
Chinese Biomed Firm Brii Bio Raises $260M From Sequoia Capital, Yunfeng Capital
China and US-headquartered biomedical firm Brii Bio has raised US$260 million from Sequoia Capital, Yunfeng Capital and others.
Ally Bridge Group Leads $300M In Tencent-backed Healthcare Firm Grail
Hong Kong-based life science focused investment firm Ally Bridge Group announced that it has led a US$300 million round for Tencent-backed Grail, Inc., a healthcare company whose mission is to detect cancer early, when it can be cured.
Indian News App NewsDog, Founded By Chinese Entrepreneurs, Scores $50M Round Led By Tencent
NewsDog, an Indian news aggregation and personal recommendation mobile app operator, has completed a US$50 million series C round led by Chinese tech giant Tencent Holdings Ltd.
SBCVC, China Creation Ventures Co-Lead $21M Round In Chinese Robotic Firm
SB China Venture Capital (SBCVC) and China Creation Ventures, a Beijing-based venture firm focused on TMT investments in China, have co-led a RMB135 million (US$21.2 million) series B round in CowaRobot, a Chinese robotics firm.
Chinese AI Firm Unisound Raises $100M Series C Round Led By China Electronics Health Fund
Chinese artificial intelligence (AI) solution provider Unisound announced that it has raised a US$100 million series C round led by China Electronics Health Fund, a fund established by China Electronics Corporation Data (CEC Data), one of China’s biggest telecommunications equipment maker.
Chinese Long-Term Apartment Leasing Firm Uoko.com Raises $157M C1 Round
Chinese long-term apartment leasing start-up Uoko.com has completed a C1 round worth RMB1 billion (US$157 million), including equity and debt financing from various venture capital firms and banks, according to an announcement made by the company’s financial advisor, Galaxy Capital.
Singapore’s GIC Leads $260M Series B Round In Chinese Biopharma Company CStone
GIC, the Singapore investment firm managing the state’s foreign reserves, has led a US$260 million (RMB1.653 billion) series B financing in CStone, a Chinese bio-pharmaceutical company.
Intel Capital Invests in Chinese AI, Cloud, Semiconductor Start-ups
Intel Capital, the global investment arm of Intel Corporation, announced a total of US$72 million worth of new investments in 12 technology start-ups, including three Chinese companies, at the Intel Capital Global Summit yesterday.
Chinese Rural Fintech Firm Shenma Completes $47.3M Series C Round
Shanghai-based Shenma Finance, a fintech company focused on rural mobility, has raised a RMB300 million (US$47.25 million) series C round led by China Growth Capital, Hina Group and Chinese fintech firm Tongbanjie Group.
GGV Leads $15.7M Series B Round In Chinese AI Medical Data Start-up Synyi
Venture capital firm GGV Capital has led a RMB100 million (US$15.7 million) series B round in Shanghai-based artificial intelligence-powered medical data solutions provider Synyi.
Ctrip.com Says It Wants To Bring Supersonic Air Travel To China
Chinese online travel service provider Ctrip.com International (NASDAQ: CTRP) says it wants to bring supersonic air travel to China.
Goldman Sachs Leads $300M Round In Chinese Online Used-Car Auction Platform Renrenche
Goldman Sachs has led a US$300 million new financing round in Chinese online used-car trading marketplace Renrenche, with existing investors Tencent Holdings Ltd. and Didi Chuxing participating, the company announced today.
Online Education Platform Knowbox Raises $100M From Yunfeng Capital
China’s K-12 online education platform Knowbox has raised US$100 million in a series C round led by Yunfeng Capital, the latest in a string of investments in China’s online education market.
Meituan-Dianping Invests $63.3M In Cheese Tea Chain HeyTea
Chinese tea shop chain HeyTea has completed a RMB400 million (US$63.3 million) series B funding round, led by Longzhu Capital, a venture capital firm under Chinese group buying and delivery website Meituan-Dianping.
Softbank, China Reform Fund Co-lead $1.9B Round In Truck-hailing Firm Manbang
Chinese truck-hailing firm Manbang Group has completed a US$1.9 billion round led by Softbank Vision Fund and China Reform Fund, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises.
Morgan Stanley, Crescent Point Invest In Long-term Apartment Rental Firm QingKe
Morgan Stanley Private Equity Asia and private equity fund Crescent Point have led a series C round in Shanghai-based long-term apartment rental provider QingKe.
Warburg Pincus Leads $44M C Round In Chinese Behavior Analysis Firm Sensors Data
An affiliate of Warburg Pincus has led a US$44 million series C round in Sensors Data, a Chinese company providing user behavior data analytics platform and insights to enterprise clients.
CMB Leads $65M Series C Round In Chinese Biotech Firm Biocytogen
CMB International Capital Corporation Ltd, a wholly-owned subsidiary of China Merchants Bank, has led a RMB410 million (US$65 million) series C round in Beijing Biocytogen Co., Ltd., a gene targeted animal model and service supplier.
Korea’s Mirae Reported Planning US$265M Investment In Didi Chuxing
South Korea’s Mirae Asset Financial Group plans to raise a 280 billion won (US$264.8 million) fund to invest in Chinese ride-hailing platform Didi Chuxing Technology Co., according to Korean media reports.
Chinese Drone Maker DJI Said Raising $1B At $15B Valuation
DJI, the world’s largest consumer drone maker, is reportedly in the process of raising US$1 billion, at a valuation of around US$15 billion.
Alibaba’s Alisports Gets $191M At $1.3B Valuation, Buys Fitness App Ledongli
Alisports Group, the sports affiliate of Alibaba Group Holding Ltd. has completed a RMB1.2 billion (US$190.78 million) series A round led by Yunfeng Capital, an investment firm co-founded by Alibaba’s executive chairman Jack Ma.