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.
Baidu Launches New Apollo Park In Guangzhou To Boost Self-Driving Ambition Baidu, the Chinese search engine giant, has put into operation its second Apollo Park, an industrial complex that the company said could provide a boost to its ongoing efforts to commercialize its smart transportation technologies and build on its increasing focus on artificial intelligence.
China's Ushopal, A Partner For Luxury Beauty Brands, Bags $100M Led By FountainVest Shanghai-based Ushopal, an omni-channel partner for luxury beauty brands, has bagged $100 million in a Series D round of financing led by FountainVest Partners, an Asian PE firm with investments across consumer, media and technology, healthcare, industrials and financial services.
Chinese Satellite Startup Qiansheng Raises Fresh Capital As Space Race Intensifies Beijing-based commercial satellite developer Qiansheng Exploration Technology has raised more than 100 million yuan ($15 million) in its series A funding, becoming the latest space-related private startup to get new funds in recent months as Beijing aims to dethrone the U.S. as the world’s preeminent space power.