Tencent's net profit in the second quarter increased by 33% year-on-year, and the usage time of video accounts nearly doubled.
Tencent Music Entertainment Group experiences a mix of joy and worry in Q2, with paid users reaching 99.4 million but social entertainment declining significantly.
The new energy intelligent heavy truck company ZERON has announced the completion of a ＄19 million Pre-A round of financing.
Missfresh secures $27 million in new financing, with stock price surging over 100%.
Mogo Auto, a company offering autonomous driving technology and operation services, has successfully raised 580 million yuan ($83 million) in C2 round financing.
GravityXR, a chip development company specializing in extended reality (XR) glasses, has completed a pre-A+ round of financing worth hundreds of millions of yuan.
Chinese millimeter-wave radar startup Sinpro announced that it has completed an A round of financing worth hundreds of millions of yuan. This round of financing was led by NIO Capital and Xiaomi's industrial investment affiliate.
Chinese intelligent chassis solution provider BIBO announced the completion of its Round A financing worth 200 million yuan ($29 million) on April 10.
DeepLang AI, an AI startup founded by a team from the Natural Language Processing Laboratory at Tsinghua University (THUNLP), has completed a new round of financing with a market valuation of approximately $100 million.
SENSilicon, a company that develops high-performance digital-analog hybrid and signal chain chips, announced on April 3 the completion of a round A financing worth 120 million yuan ($17 million).
Naturobot, an enterprise automation process platform to provide information for the management and performance improvement of enterprises, has received Pre-A2 round financing.
DeepWay, an intelligent truck manufacturer based in China, has secured over 1.2 billion yuan ($174 million) in funding after completing its A+ round financing of 770 million yuan ($117 million).
On March 23, Shanghai-based RISC-V chip technology startup StarFive announced that it had received an investment from Chinese search giant Baidu of an undisclosed amount.
On March 22, Evergrande, a property developer that has been at the center of China's property sector crisis, issued a warning stating that its electric vehicle division may need to suspend production if it fails to secure new financing.
E-tronic, a provider of power semiconductors and system solutions for electric vehicles, has recently announced the completion of its series A+ financing round raising tens of millions of yuan. The funding was exclusively led by Sinovation Ventures.
Enovate, a Chinese electric vehicle manufacturer facing financial difficulties, is set to receive a much-needed infusion of funds through a new round of financing.
On March 17, battery anode material startup Tanovus announced the successful completion of its Pre-A round financing, with investments totaling tens of millions of yuan led by IDG Capital. The company has confirmed that it will soon welcome A round financing.
Recently, Shanghai-based automotive acoustic solutions supplier ZAFEN completed a round A+ financing led by Beijing Xiaomi Zhizao Equity Investment Fund Partnership, an industrial investment fund under Xiaomi.
TCL RayNeo, an AR glasses company incubated by TCL Electronics, announced on March 6 that it had successfully completed the first round of financing of over 100 million yuan ($14 million).
Pimax, a well-known VR hardware manufacturer in China, recently completed a C1 round of financing valued at 200 million yuan ($28 million).