Startups

Alibaba Group to Lead NEV Startup Xpeng Motors’s USD347 Million B Round Financing

Alibaba Group to Lead NEV Startup Xpeng Motors’s USD347 Million B Round Financing

China’s electric car startup Xpeng Motors’s CNY2.2 billion (USD347 million) B round of financing process started in Hong Kong today.…

Jan 29, 2018
Dou Shicong
Chinese State Banks Invest in 4Paradigm as Country Steps Up AI Support

Chinese State Banks Invest in 4Paradigm as Country Steps Up AI Support

Three of China’s biggest state-owned banks have invested in an artificial intelligence startup in a further sign that the country is pushing ahead with backing for companies in the field.

Jan 29, 2018
Chen Juan
Big Data, AI Service Company Bazhuayu Gets More Funds in Series-A Financing

Big Data, AI Service Company Bazhuayu Gets More Funds in Series-A Financing

Big Data collection and application service company Shenzhen Skieer Information and Technology Co., which runs Bazhuayu.com, completed its Series-A financing…

Jan 27, 2018
Tang Shihua
Tencent Leads See App’s C-Round to Boost Ties Between We Media, E-Commerce

Tencent Leads See App’s C-Round to Boost Ties Between We Media, E-Commerce

Chinese internet giant Tencent Holdings Ltd. took the lead in a USD10-million C-round at See App to help the we media services provider expand along the supply chain and cooperate with more brands.

Jan 25, 2018
Tang Shihua
Tencent-Backed Biotech Startup XtalPi Bags USD15 Million in Series-B

Tencent-Backed Biotech Startup XtalPi Bags USD15 Million in Series-B

Shenzhen-based artificial intelligence biotechnology firm XtalPi Inc. raised USD15 million through B-round financing led by Sequoia Capital China, with Google…

Jan 24, 2018
Dou Shicong
Chinese Drone-Positioning Firm Clobotics Secures USD5 Million in Funding

Chinese Drone-Positioning Firm Clobotics Secures USD5 Million in Funding

Clobotics Co., a machine-vision technology company has secured USD 5 million in its second round of financing, online news outlet Lieyunwang reported.

Jan 24, 2018
Tang Shihua
Publishing Platform Read-Douban Raises USD9 Million After Spinning Off From Parent

Publishing Platform Read-Douban Raises USD9 Million After Spinning Off From Parent

Read-Douban, a platform where readers can find original novels, completed a CNY60 million (USD9.4 million) Series-A financing round, which Linmon…

Jan 23, 2018
Tang Shihua
Alibaba to Splurge Another USD1 Billion in Chinese Bike-Sharing Sector, Report Says

Alibaba to Splurge Another USD1 Billion in Chinese Bike-Sharing Sector, Report Says

Hellobike, one of the bike-sharing operators backed by e-commerce stalwart Alibaba Group Holding Ltd., is reportedly about to close a…

Jan 23, 2018
Tang Shihua
Chinese Marketer Yuanlong Yato Enters Mobile Sector With Investment in Community Startup

Chinese Marketer Yuanlong Yato Enters Mobile Sector With Investment in Community Startup

Chinese marketing services firm Yuanlong Yato Culture Communication Co. will invest CNY20 million (USD3.13 million) to acquire a 10 percent…

Jan 23, 2018
Tang Shihua
Chinese Tech Startup Aims to Rival Apple With Cut-Price Smart Earphones

Chinese Tech Startup Aims to Rival Apple With Cut-Price Smart Earphones

Mobvoi Inc., the first Chinese startup to receive investment from Google, has unveiled wireless earbuds, part of the firm’s efforts to rival Apple Inc.’s AirPods in the smart headphones market.

Jan 23, 2018
Lai Shasha
Flying Robot Developer Cool High Technology Closes Pre-A-Round Funding

Flying Robot Developer Cool High Technology Closes Pre-A-Round Funding

Smart flying robot developer Beijing Cool High Technology Co. has completed tens of millions of yuan pre-A-Round financing, which will…

Jan 22, 2018
Tang Shihua
Brain Science Firm BET Lands Millions of Yuan in Pre-A Series

Brain Science Firm BET Lands Millions of Yuan in Pre-A Series

Beijing Easymonitor Technology Co. (BET), a brain science research and application firm, recently obtained tens of millions of yuan in…

Jan 19, 2018
Tang Shihua

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