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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
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.
by caixinglobal
2021-03-26
2021-03-26
Xiaomi-backed Chinese Mobile Solutions Firm Nets $100M In Series B Round
Chinese mobile terminal solutions provider Longcheer announced it has raised US$100 million in series B funding led by Shenzhen Capital Group and Shenzhen Qianhai Wanrong Hongtu Investment Fund Limited Partnership.
by techinasia
2021-03-15
2021-03-15
Warburg, Hillhouse Capital Lead $700M Series A Funding In JD Property
Warburg Pincus and Hillhouse Capital will co-lead a $700 million Series A financing round in JD Property, the infrastructure asset management and integrated service subsidiary of Chinese online retailer JD.com.
by DealStreetAsia
2021-03-12
2021-03-12
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.
by caixinglobal
2021-03-10
2021-03-10
Hong Kong Listed Meitu Invests $40 Million in Cryptocurrency
Chinese image beautification app maker Meitu has made a major investment in cryptocurrencies in the hope of reducing its exposure to holding cash. The move comes as the firm looks to enter the blockchain industry.
by caixinglobal
2021-03-10
2021-03-10
Hong Kong Fintech Firm WeLab Bags $75M From Allianz X To Form Strategic Partnership
WeLab has raised US$75 million in the initial close of its series C-1 round of funding led by Allianz X, the digital investment unit of the Germany-based insurer and asset manager Allianz Group.
by techinasia
2021-03-09
2021-03-09
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.
by DealStreetAsia
2021-03-09
2021-03-09
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.
by caixinglobal
2021-03-09
2021-03-09
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