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Funding

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GGV Capital raises $2.5 billion as US investors chase China tech

US China investment VC

GGV Capital’s latest capital raise comes amid an uptick in inflows to VCs as investors look to profit from China’s tech growth.

Posted on January 29, 2021 Author Wei Sheng Comments Off on GGV Capital raises $2.5 billion as US investors chase China tech
Alibaba Features Funding Huawei Premium Tencent The Numbers Xiaomi

VC Roundup: Chinese tech firms are betting on chips

Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.

Posted on January 28, 2021 Author Wei Sheng Comments Off on VC Roundup: Chinese tech firms are betting on chips
covid-19 Funding Mobility News The Numbers Unmanned vehicles Up and Comers

Autonomous car startup Uisee raises $150 million from state-backed fund

self-driving cars autonomous vehicles unmanned delivery china uisee

Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.

Posted on January 26, 2021 Author Jill Shen Comments Off on Autonomous car startup Uisee raises $150 million from state-backed fund
Didi Funding Mobility New Energy Vehicles News Tencent Up and Comers

Shares of Evergrande EV unit surge 50% after raising $3.4 billion

evergrande EV electric vehicles cars new energy NEV EV

China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)

Posted on January 25, 2021 Author Jill Shen Comments Off on Shares of Evergrande EV unit surge 50% after raising $3.4 billion
covid-19 edtech Funding News On the Cusp Tencent

Edtech firm Huohua Siwei valued at $1.5 billion

Huohua Siwei

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.

Posted on January 25, 2021 Author Emma Lee Comments Off on Edtech firm Huohua Siwei valued at $1.5 billion
Bitcoin and blockchain Cryptocurrency Funding Heavy Hitters News US

Mining rigmaker MicroBT is planning a US IPO: report

crypto mining rig blockchain bitmain

MicroBT, one of China’s top cryptocurrency mining equipment manufacturers, plans another round of fundraising prior to the IPO.

Posted on January 13, 2021 Author Eliza Gkritsi Comments Off on Mining rigmaker MicroBT is planning a US IPO: report
Alibaba E-commerce and New Retail Funding Heavy Hitters News Pinduoduo Retailheads

Ele.me faces backlash, Luckin coup: Retailheads

contactless delivery eleme ele.me alibaba on demand delivery driver

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.

Posted on January 13, 2021 Author Emma Lee Comments Off on Ele.me faces backlash, Luckin coup: Retailheads
Funding government Heavy Hitters News Telecommunications US

NYSE changes course again, to delist three Chinese telcos

telecom telcos delist China mobile NYSE telecommunication 5G

The NYSE said Wednesday it will stick to its original plans to delist three Chinese telecom companies after an earlier reversal of the decision.

Posted on January 7, 2021 Author Wei Sheng Comments Off on NYSE changes course again, to delist three Chinese telcos
Features Funding On the Cusp Premium Shenzhen

VC Roundup: A look at the Shenzhen VC world

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.

Posted on December 31, 2020 Author Wei Sheng Comments Off on VC Roundup: A look at the Shenzhen VC world
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