Chinese Diagnostics Firm WuXi Diagnostics Raises $150M In Series B Round Chinese integrated diagnostics developer WuXi Diagnostics has raised $150 million in a Series B round of financing to advance its R&D pipeline and open-access innovation enabling platform, as the firm seeks to accelerate its market penetration in the global diagnostics sector.
Alibaba-Backed Lender MYBank Is One Of First Privately Owned Banks To Join Digital Yuan Pilot Alibaba-backed online lender MYBank has joined the ranks of several state-owned commercial banks involved in China’s digital yuan pilot program, becoming one of the first privately owned banks to participate in a trial aimed at introducing a sovereign electronic currency system which is widely believed will revolutionize the country’s online payment industry.
Pandemic Drives Revenue Growth For China’s Top 30 Mobile Game Publishers China’s thirty biggest mobile game publishers reported a combined leap in revenue garnered from the app stores run by Apple and Google last month, continuing a trend that started last year when the coronavirus pandemic increased demand for online entertainment.
Toyota-backed Self-driving Startup Pony.ai Raises $100M Series C+ Round Toyota Motor-backed autonomous driving startup Pony.ai announced on Monday that it has pocketed $100 million in a Series C+ round of financing. The latest fundraising brings the total corpus raised by Pony.ai in its Series C round to $367 million.
Orient Speech Therapy Bags $23M Series C1 From Cenova Capital Orient Speech Therapy (OST), a provider of Chinese speech and language therapy for kids, has garnered $23 million in its Series C1 round of financing led by Chinese healthcare-oriented investment firm Cenova Capital. Returning investors Northern Light Venture Capital and Long Hill Capital re-upped in the current round, the latter said in a WeChat post on Friday.