Xianghe Capital, a Beijing-based venture capital firm founded by the former head of Baidu Inc’s merger and acquisition department Hesong Tang, has led a US$30 million series B round in Lalamove, a Hong Kong-based on-demand delivery start-up.
Matrix, Source Code Lead $10M Round in Chinese AI Start-Up
Matrix Partners China and Source Code Capital have led a US$10 million series A round in Moran Cognitive Technology, a Beijing-based artificial intelligence start-up.