GGV Capital’s latest capital raise comes amid an uptick in inflows to VCs as investors look to profit from China’s tech growth.
Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.
Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.
China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)
K-12 online math and science education platform Huohua Siwei received $150 million in a third batch of its Series E, which totals $400 million.
MicroBT, one of China’s top cryptocurrency mining equipment manufacturers, plans another round of fundraising prior to the IPO.
Ele.me is criticized for its treatment of the family of a deliveryman who died on the job. The US may ban American investors from Alibaba and Tencent.
The NYSE said Wednesday it will stick to its original plans to delist three Chinese telecom companies after an earlier reversal of the decision.
Shenzhen is famous for entrepreneurship, but its VC scene doesn’t match its importance as a tech hub. Maybe there’s something to learn from it.