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.
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 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.
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.
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.
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.
Another Chinese electric vehicle maker has raised a massive funding round at unicorn valuation, making China the top country by far in producing electric vehicle (EV) unicorns. China is now the only country with EV manufacturing start-ups with valuations of US$1 billion or more. Moreover, China has six EV unicorns with combined valuation of nearly US$20 billion, compared to zero such firms in the U.S. or anywhere else.
Sequoia China has led a US$50 million series C round in Suzhou-based antibody discovery and development firm Adagene Inc.
China Minsheng Financial Holding Co., Ltd., a Hong Kong-based investment holding company, has led a US$100 million series E round in London-based social trading and investment platform eToro to support is blockchain technology development.
Chinese venture capital firm Source Code Capital has led a US$320 million series C round in Edianzu, an enterprise IT and office desktop leasing start-up, valuing the firm at US$200 million.
Infervision, a Chinese artificial intelligence start-up developing medical imaging technology, has announced to complete a RMB300 million (US$47 million) series B+ round from existing investors Sequoia Capital China, Qiming Venture Partners and Genesis Capital.
Chinese venture capital firm Tiantu Capital and an affiliate have partnered with Zhou Hei Ya International, a Chinese fast food chain known for its spicy braised duck, to establish a RMB3 billion (US$475 million) fund to invest in the consumer sector.
Chinese healthcare provider iKang Healthcare Group, Inc. (NASDAQ:KANG）announced that a consortium led by Alibaba Investment Limited and Jack Ma co-founded Yunfeng Capital, has proposed a all-cash transaction to privatize the US$1.29 billion company.
Shunwei Capital, a venture firm backed by Xiaomi’s CEO Lei Jun, has led a US$100 million series D round of financing for Kujiale, a Chinese home design platform utilizing virtual reality (VR) technology.
Chinese cell therapy company JW Therapeutics (Shanghai) Co., Ltd announced that it has raised a US$90 million series A found led by investors Temasek, Sequoia Capital China, and YuanMing Capital, a Beijing-based US dollar fund focusing on investments in pharmaceutical research and development, medical devices and services in both China and the U.S.
Chinese internet giant Tencent Holdings is making another major investment in the Indian online entertainment sector, with a US$115 million stake in music streaming app Gaana.
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.
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.
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.
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.
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. The new round values the company at …
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.