CHINA Volanews

Sony invests $400 million in Chinese video site Bilibili Starting out as an animation site popular among teenagers, Bilibili is expanding into other areas such as documentary, esports, and music videos, attracting more than 130 million monthly active users.

by Reuters

11 hours ago

CHINA VC Qiming Venture Partners

Qiming Venture Partners hits final close of latest USD fund at $1.1b Qiming said it distributed as much as $1 billion in cash return back to its LPs as of 2019.

by DealStreetAsia

2020-04-09

CHINA BEAUTY Meishang

Guangzhou-based cosmetics startup Meishang closes USD 28.3 million Series A Meishang’s Chinese domestic brand Colorkey ushered in more than RMB 200 million in revenue in just one year since its Tmall debut.

by KrAsia

2020-04-09

CHINA AI AISpeech

China’s AISpeech closes $58m in Series E round led by CTC Capital The company plans to improve its AI strengths to power intelligent services and terminals like smartphones and IoT-based vehicles, which will help the firm expand applications into the financial, government affair and other industries.

by DealStreetAsia

2020-04-08

CHINA Robot Cleaner Narwal Robotics

ByteDance co-leads USD 14 million investment in China-based robot cleaner startup Narwal Robotics This new investment was co-led by Source Code Capital and ByteDance, with existing investors including Infore Capital and Dami Ventures also pouring money into the round.

by kr-asia

2020-04-07

CHINA ROBOTIC ForwardX Robotics

Beijing-based ForwardX Robotics secures RMB 100 million in Series B+ round The robotics firm will use the new funds for product development, supply chain establishment, and commercialization.

by kr-asia

2020-04-03

CHINA China concept stocks LUCKIN COFFEE

Starbucks rival Luckin Coffee’s shares plunge on accounting probe A markets analyst said that it will take several years for management to repair its credibility.

by DealStreetAsia

2020-04-03

CHINA AI Unicorn

China-based AI Unicorn 4Paradigm Raises $230M, Post Money Valuation Closes to $2B With its latest funding round completed, 4Paradigm will now accelerate the pace and scale of helping global enterprises achieve digital transformation through AI.

by Jeremiah

2020-04-02

CHINA TECH GIANT HUAWEI

Huawei reports 19.1% revenue growth in 2019 amid drop in Asia Pacific sales The company’s rotating chairman cautioned that the external environment will only get more complicated going forward.

by kr-asia

2020-04-01

CHINA Venture capital Gaocheng Capital

Chinese PE firm Gaocheng Capital closes debut fund at over $300m Founding partner Jing Hong said the backing of the world’s top LPs only underscores investors’ optimism on the huge opportunities in China’s technological program and digital transformation of enterprises.

by DealStreetAsia

2020-04-01

CHINA MUSIC TENCENT

Tencent-Led Consortium Announces Closing of Investment in Universal Music Group Tencent-led consortium has completed the acquisition of a 10% equity stake in Universal Music Group from Vivendi SE.

by Finance Yahoo

2020-04-01

CHINA Agriculture Jututao

China's digital agricultural service platform Jututao raised nearly 100 million yuan in series B+ funding This financing is mainly used to strengthen the digital transformation and expansion of the country's origin service network.

by Carol

2020-03-31

CHINA Biotechnology ZhenGe Biotech

China’s ZhenGe Biotech banks $51m in Series A round At present, ZhenGe Biotech has established collaborative relations with dozens of domestic and foreign biopharmaceutical companies.

by Zach

2020-03-31

CHINA EDTECH Yuanfudao

Tencent-backed online education firm Yuanfudao raises $1 billion in new round Offering online courses and homework plans to students, Yuanfudao ranked first in China in-app purchases in the education category between January and mid-March.

by Reuters

2020-03-31

CHINA ENTERTAINMENT BYTEDANCE

Tiger Global acquires stake in Bytedance through secondary transactions ByteDance has emerged as the world’s most valuable startup on the explosive popularity of its short video entertainment app TikTok.

by entrackr

2020-03-31

CHINA Information Security Zhizhangyi

Chinese mobile security startup Zhizhangyi raised 100 million yuan in series B+ funding This round of financing will be used for research and development, marketing and service.

by Grace

2020-03-30

CHINA E-COMMERCE Goumee

Chinese live streaming e-commerce service provider Goumee completes nearly 100 million yuan in series A funding This round of financing will be mainly used for the expansion of the flow side, the supply chain side, and the research and development of the human-goods matching platform.

by Zach

2020-03-30

CHINA INSURANCE CCCIS China

Insurtech service provider CCCIS China received 100 million yuan in series A funding led by Hillhouse Capital Group CCCIS China will used this fund to increase its investment in research and development to further expand its application in industrial scenarios such as machine learning, intelligent car insurance and injury management, and connected car networking.

by Blake

2020-03-30

CHINA E-COMMERCE Sunyur Network

Beijing-based enterprise procurement platform Sunyur Network raised 100 million yuan in series A funding from Sequoia Capital China Sunyur Network is an intelligent company which offers Digital Procurement Solutions for large and medium-size enterprises.

by Carol

2020-03-30

CHINA SaaS Helios

China Renaissance continues to back SaaS accounting startup Helios Top private equity investors throw more weight behind the Chinese accounting software provider as it looks to expand its base into Japan and beyond.

by financeasia

2020-03-30