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Chinese Delivery Robot Specialist PuduTech Pockets $78 Million In New Funding
Chinese indoor delivery robot developer PuduTech has raised 500 million yuan ($78 million) in its series C funding round, reflecting investor bullishness about a future in which completely autonomous deliveries become commonplace at locations such as hotels and restaurants.
by caixinglobal
2021-05-20
2021-05-20
Chinese EV Ops Platform DST Car Nets $100M Funding Led By IKEA’s Ingka
DST, a provider of charging and management solutions for new energy vehicles, has raked in $100 million in its Series C round led by Ingka Holding B.V., the parent company of Swedish furniture major IKEA.
by DealStreetAsia
2021-05-18
2021-05-18
Chinese Plant-based Meat Startup YouKuai Bags $7.3M To Drive Its ‘Tesla of Food’ Dream
YouKuai announced that it raised US$7.3 million in a series A round of financing led by TRIREC, a Singapore-based investment firm that focuses on supporting decarbonization-related technologies and businesses.
by techinasia
2021-05-13
2021-05-13
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.
by DealStreetAsia
2021-05-08
2021-05-08
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.
by DealStreetAsia
2021-05-08
2021-05-08
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.
by DealStreetAsia
2021-04-30
2021-04-30
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.
by techinasia
2021-04-28
2021-04-28
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.
by DealStreetAsia
2021-04-13
2021-04-13
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.
by DealStreetAsia
2021-04-08
2021-04-08
Chinese Online Grocery Dingdong Maicai Nets $700M Funding Co-led By DST
Chinese online grocery app Dingdong Maicai has raked in an aggregate of $700 million in its Series D round of financing co-led by investment firms DST Global and Coatue, it announced in a statement on Tuesday.
by DealStreetAsia
2021-04-07
2021-04-07
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).
by Deal Street Asia
2021-03-29
2021-03-29
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.
by caixinglobal
2021-03-26
2021-03-26
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.
by caixinglobal
2021-03-26
2021-03-26
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