Chinese Snack Chain Brand Snack Is Busy Nets $37M From Sequoia Capital China And Gaorong Capital Chinese snack chain brand Snack Is Busy has secured 240 million yuan ($37 million) in a Series A round of financing co-led by Sequoia Capital China and TMT-focused Gaorong Capital, according to a company statement.
Sequoia-backed Chinese Gym Chain Supermonkey Close To Unicorn Status Post Series E Round Chinese gym chain Supermonkey, which started out in 2014 with a self-service, container-made gym box, is now near a unicorn valuation of $1 billion after the completion of its latest Series E round at “hundreds of millions of yuan,” its investors announced earlier this week.
China's Kelun Biotech Nets Over $77M Funding Led By CMC-SDIC Capital Kelun Biotech, a subsidiary of Shenzhen-listed Kelun Pharmaceutical, has secured over 500 million yuan ($77 million) in fresh funding led by CMC-SDIC Capital, a fund co-launched by state-backed China Merchants Capital and SDIC, the lead investor announced on Thursday.
Chinese Agricultural Drone Maker Secures $30M In Round Led By Temasek, And Others Chinese agricultural drone startup EAVision Technologies said it raised US$30 million in a series C round led by Singapore’s Temasek, state-sponsored fund China International Trust Investment Corporation (CITIC), and agrifood tech VC Bits x Bites.
China's Alibaba Shrugs Off $2.75b Antitrust Fine, Shares Rally Alibaba Group Holding Ltd does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.
Chinese Surgical Robot Developer EDDA Raises $150M Led By SoftBank Vision Fund 2 EDDA Technology, a developer of intelligent robotic solutions for precision surgery, has raised $150 million in a round led by SoftBank Vision Fund 2. The company will use the proceeds to further its ambition of combining precision surgery with AI and robotics for better patient outcomes in China and worldwide.
China Evergrande To Raise $2B In Pre-IPO For Property, Car Marketplace Unit China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in fundraising ahead of the unit’s initial public offering (IPO).
Chinese Firm Newlink Behind Platform Helping NEV Drivers Find Charging Points Closes $200 Million Funding Round Chinese digital energy services platform Newlink Group has raised $200 million in a new funding round led by Bain Capital, as government support for electric vehicles looks to drive one of its major businesses.
Could Chinese Q&A Platform Zhihu Raise $632.5 Million in U.S. IPO? China’s largest question-and-answer platform Zhihu has set terms for its planned IPO on the New York Stock Exchange, becoming the latest Chinese firm this year to tap into the U.S. capital markets despite tightening scrutiny by Washington.
ByteDance Gaming Unit Agrees to Acquire Mobile Legends Developer Moonton ByteDance said on Monday that its gaming subsidiary Nuverse has signed an agreement to acquire Moonton, a Shanghai-based mobile game developer focusing on overseas markets, in the latest demonstration of the TikTok owner’s commitment to the competitive but lucrative gaming business.