KH Automotive Technologies, a supplier of air suspension systems for passenger cars, announced on November 14 its completion of round-B financing totaling 510 million yuan ($72 million).
Device as a service (DaaS) provider Bear Rental's parent company, LX Technology, passed a hearing for the Hong Kong Stock Exchange on October 7, with Haitong International Securities Group serving as the exclusive sponsor.
Well-Link, a Chinese cloud gaming services provider, announced that it has completed a B2 round of financing totaling $40 million yuan, led by Temasek.
Qidi, a smart glasses manufacturer, announced on September 13 that it has completed an angel round of financing totaling 100 million yuan ($14.4 million), with investment from Joy Capital, Matrix Partners and Meridian Capital.
Uniner Technology, a cloud-native robotic process automation (RPA) manufacturer, has secured round-A financing, jointly led by Sky9 Capital and Haochen Capital.
Zilliz, a vector database company, announced on August 25 its completion of a B+ round of financing totaling $60 million, increasing its overall round-B funds $103 million.
NewBanker, a provider of digital solutions for wealth management, announced on August 24 that it had secured funding from a firm owned by CICC Capital, with Yuanhe Capital as the exclusive financial adviser.
Marvel-Tech, a hydrogen gas turbine brand, has recently completed a pre-A round of financing totaling nearly 50 million yuan ($7.3 million), led by Fortune Capital and followed by Shunwei Capital and Zizhu Seedlings Fund.
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.