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Alex Cong Leaves Matrix Partners China To Join Skyview Fund

Alex Cong (pictured), a former partner at Matrix Partners China, has left the company to join Skyview Fund, a new venture vehicle established by a number of former Baidu Inc. executives, as the second managing partner, according to postings on Cong’s Wechat public account.

Matrix Leads Series A Round In AI Visual Solution Start-Up PerceptIn

Matrix Partners China has led a series A financing round in PerceptIn, a Silicon Valley-based artificial intelligence start-up developing the “eyes and brains” for robotics and smart devices. Matrix did not disclose the amount raised in the round, and only said that it is worth tens of millions RMB in an announcement it posted on its Wechat account. San Francisco-based cross-border venture capital firm Walden International and Silicon Valley-based TEEC Angel Fund also participated in the deal, which values the …

Addor Capital Leads $52M Series B Round In Diyi Chedai

Addor Capital has teamed up with Youjin Capital to lead a RMB360 million (US$52 million) series B round in Diyi Chedai, a Shanghai-based auto lending start-up. Matrix Partners China, Yixin Investment Fund and 360 Finance also participated in the round, which is still on going and has not officially closed, the company said.