Several top lidar enterprises including RoboSense and Hesai Technology have recently invested in Vertilite, a laser chip manufacturer based in China.
On July 22, Ecarx, an auto startup co-founded by Eric Li, founder of China’s private automaker Geely, announced that it had formed an alliance with Luminar, a Florida-based lidar company.
On July 18, Yinglefei Semiconductor (Nanjing) Co., Ltd. changed its business registration information and added several new shareholders, including Hubei Xiaomi Changjiang Industrial Investment Fund Partnership.
Beijing-based tech giant and TikTok owner ByteDance has recently ventured into the life sciences sector. Last October, the firm invested in biotech startup Shuimu BioSciences.
Tencent started the application process for the "New Cornerstone Investigator Program" from July 1 to September 30, 2022.
Cospowers Technology, a scientific and technological enterprise in the lithium battery industry, announced on July 1 that it had completed D-round financing totaling several hundred million yuan.
Chinese technology company Meitu expected to record a net loss of 274.9 million yuan to 349.9 million yuan ($41.1 million - $52.3 million) for the six months ending June 30, 2022. The firm said this is mainly due to the imbalance of purchased cryptocurrencies.
JINGdigital, a marketing tech firm, announced on Friday that it had completed a round of A+ financing totaling 50 million yuan.
An affiliated company of Xiaomi added external investment on Monday. The newly-added enterprise is Zhuhai Xinshijie Semiconductor Technology, with an investment ratio of 15%.
Chinese game publisher miHoYo recently sued Minmetals International Trust Co., Ltd. ("Mintrust") following a business trust dispute.
Investment institution Hillhouse Capital has reportedly been seeking buyers for some of its projects. The firm has responded to the news, claiming that "secondary fund is our new strategy."
ByteDance's plan to launch a VC brand “Jinqiu Venture Capital” has been reportedly changed, and the brand name was no longer called “Jinqiu”.
Chinese state-owned carmaker SAIC Motor plans to subscribe an additional capital contribution of 7.5 billion yuan to the Qingdao SAIC Innovation and Upgrading Industry Equity Investment Fund Partnership (L.P.).
According to an announcement released Thursday by automaker BYD, the company and its holding subsidiary BYD Precision Manufacturing plan to increase capital contributions to BYD Auto Finance.
On Thursday, Solidrocks Technology, a security company in China, announced that it completed an angel investing round worth of 10 million yuan. The deal was jointly invested by Plum Ventures and Weed Ventures Capital.