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Category: Funding

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.

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.

Author Wei ShengPosted on January 29, 2021Categories ByteDance, Didi, Features, Funding, Meituan, The Numbers

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.

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

Author Wei ShengPosted on January 28, 2021Categories Alibaba, Features, Funding, Huawei, Premium, Tencent, The Numbers, Xiaomi

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.

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.

Author Jill ShenPosted on January 26, 2021Categories covid-19, Funding, Mobility, News, The Numbers, Unmanned vehicles, 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)

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)

Author Jill ShenPosted on January 25, 2021Categories Didi, Funding, Mobility, New Energy Vehicles, News, Tencent, Up and Comers

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.

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.

Author Emma LeePosted on January 25, 2021Categories covid-19, edtech, Funding, News, On the Cusp, Tencent

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.

crypto mining rig blockchain bitmain

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

Author Eliza GkritsiPosted on January 13, 2021Categories Bitcoin and blockchain, Cryptocurrency, Funding, Heavy Hitters, News, US

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.

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.

Author Emma LeePosted on January 13, 2021Categories Alibaba, E-commerce and New Retail, Funding, Heavy Hitters, News, Pinduoduo, Retailheads

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.

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.

Author Wei ShengPosted on January 7, 2021Categories Funding, government, Heavy Hitters, News, Telecommunications, US

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.

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.

Author Wei ShengPosted on December 31, 2020Categories Features, Funding, On the Cusp, Premium, Shenzhen

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