Nuclei Technology, a provider of RISC-V processor IP and related overall solutions, announced on August 18 that it has completed a new round of financing totaling several hundred million yuan.
Sandtek Corporation, a developer of semiconductor equipment and accessories, has recently completed financing of 100 million yuan ($14.7 million). Investors were Hillhouse Capital, FWI Capital and Guangdong Hengyitai Fund.
According to a document disclosed by the Hong Kong Stock Exchange (HKEx) on August 17, Dingdang Health, a digital medical services provider, has passed its listing hearing. Its sponsors are CICC and CMB International.
On August 16, Chinese data security startup CyberServal announced its completion of round-A financing, garnering tens of millions of yuan.
Automatic driving solutions provider PhiGent Robotics announced on August 15 its securing of 100 million yuan ($14.8 million) in the second delivery of its round-A financing.
Sequoia China on August 15 announced the establishment of a new startup accelerator program called YUÈ, which provides exclusive systematic entrepreneurship courses and resources for Chinese entrepreneurs from angel-round to A-round financing.
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.
Shanghai Xinsu Medical Technology Co., Ltd., also known as Atantares, has recently completed an angel+ round of financing totaling tens of millions of yuan, led by Qiming Venture Partners.
ShadowBot, a robotic process automation (RPA) enterprise, announced Tuesday that it has completed a round C of financing totaling $100 million, led by Goldman Sachs and an unknown CVC institution.
Zhang Wen, the founder of domestic high-performance GPU company, Biren Technology, had set up an L4 autonomous driving company called “Yunji Zhixing” in November 2021.
Shanghai-based AI cloud computing startup Enflame Technology on Thursday established a new subsidiary in Chengdu with a registered capital of 100 million yuan ($15.7 million).
It’s a daunting task, but a growing cohort of domestic startups in the meat-loving country, along with a few foreign firms, are on a mission to reverse the trend.
Meituan has invested in autonomous driving startup QCraft’s latest fundraising round of $100 million, highlighting the intensifying bets made by the country’s Big Tech on the promising driverless car space.
Autonomous transport start-up Plus has carried out the first test of its kind for fully driverless trucks in China’s eastern province of Jiangsu and has secured a deal with Amazon to provide at least 1,000 autonomous delivery vehicles.
Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.