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.
Every penny a customer commits to pay on a platform is counted as part of GMV, whether or not they pay, or later get the money refunded.
WeRide, the first testing fully driverless cars on Chinese open roads, is also promising a fully hands-free minibus.