Another Chinese EV Maker Raises Massive Funding Round At Unicorn Valuation

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.

Chinese Cell Therapy Firm JW Therapeutics Closes $90 Million Series A Financing

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.

China’s Ping An Raises $2.2B For Three Units From SoftBank, IDG And SBI Group

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.

Singapore’s Temasek Leads $100M Round In Chinese Robotics Firm Rokid

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 …