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.
Amid a slew of public relations controversies, representatives from Chicecream apologized via Weibo on Thursday for two 2019 false advertising incidents, while denying other accusations.
Chinese online-to-offline (O2O) medicine platform Dingdang Health has raised $220 million in its latest financing round led by TPG Capital Asia, the company announced on Tuesday.
Chinese autonomous driving system startup Zongmu Technology announced that it has raised a total of $190 million in its Series D round of funding, including from a Xiaomi-backed investment fund.
In last week’s news, Chinese computer vision startup Clobotics secured roughly $31 million in funding to be used for research and development, prominent VC firm Source Code Capital raised $1 billion in capital commitments and online grocery company Dingdong Maicai raked in over $700 million from regional expansion.
Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.