China Startups

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Chinese Smart EV Unicorn Enovate Motors Bags US$742M

Enovate plans to go public next year and its pre-IPO round of financing is already under way Chinese electric vehicle (EV) unicorn Enovate Motors has secured over RMB5 billion ($742 million approximately) in its latest round of financing. The round was led by local government guidance funds and large state-owned banks, the startup announced in […]

Chinese Smart EV Unicorn Enovate Motors Bags US$742M Read More ยป

Enovate plans to go public next year and its pre-IPO round of financing is already under way Chinese electric vehicle (EV) unicorn Enovate Motors has secured over RMB5 billion ($742 million approximately) in its latest round of financing. The round was led by local government guidance funds and large state-owned banks, the startup announced in

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Chinese IAM Startup Bamboocloud Bags US$44.4M Series C

Bamboocloud’s current fundraise marks the largest single financing in the Chinese identity management and access control sector. Chinese identity management and access control (IAM) startup Shenzhen Zhuyun Technology, also known as Bamboocloud, has bagged the largest single financing in the Chinese IAM sector, bringing in RMB300 million (approximately US$44.4 million) in its Series C fundraise, according to a WeChat announcement by investor Beijing Kunlun Wanwei yesterday.

Chinese IAM Startup Bamboocloud Bags US$44.4M Series C Read More ยป

Bamboocloud’s current fundraise marks the largest single financing in the Chinese identity management and access control sector. Chinese identity management and access control (IAM) startup Shenzhen Zhuyun Technology, also known as Bamboocloud, has bagged the largest single financing in the Chinese IAM sector, bringing in RMB300 million (approximately US$44.4 million) in its Series C fundraise, according to a WeChat announcement by investor Beijing Kunlun Wanwei yesterday.

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Chinese Esports Rivals Huya and DouYu Unite to Build US$11B Livestreaming Giant

Huyaโ€™s acquisition of DouYu is a significant development for Chinaโ€™s esports industry Chinese livestreaming platform Huya has acquired rival DouYu in a stock-for-stock merger deal with a unanimous nod from special committees and the boards of both companies, according a statement by the company earlier this week. The acquisition is expected to close in the

Chinese Esports Rivals Huya and DouYu Unite to Build US$11B Livestreaming Giant Read More ยป

Huyaโ€™s acquisition of DouYu is a significant development for Chinaโ€™s esports industry Chinese livestreaming platform Huya has acquired rival DouYu in a stock-for-stock merger deal with a unanimous nod from special committees and the boards of both companies, according a statement by the company earlier this week. The acquisition is expected to close in the

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Tencent Leads US$100 Series E2 Round In Chinese Edtech Startup Huohua

With the latest capital injection, Huohua’s total funding stands at $440 million, with $280 million raised this year alone Chinese edtech startup Huohua Siwei has secured US$100 million in its second tranche of Series E financing led by Tencent Investment, a new investor, Huohua CEO Luo Jian announced in an internal letter on Monday. The

Tencent Leads US$100 Series E2 Round In Chinese Edtech Startup Huohua Read More ยป

With the latest capital injection, Huohua’s total funding stands at $440 million, with $280 million raised this year alone Chinese edtech startup Huohua Siwei has secured US$100 million in its second tranche of Series E financing led by Tencent Investment, a new investor, Huohua CEO Luo Jian announced in an internal letter on Monday. The

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These Top-Funded APAC Edtech Companies Raised US$2B This Year

With rounds ranging from $100 million to $1 billion, hereโ€™s a snapshot of 2020โ€™s most well-funded APAC edtech companies This year has been massive for edtech platforms, accelerating a much-needed transformation in the way education is planned and delivered. The edtech market was already expected to grow to US$252 billion by 2020, and continue to

These Top-Funded APAC Edtech Companies Raised US$2B This Year Read More ยป

With rounds ranging from $100 million to $1 billion, hereโ€™s a snapshot of 2020โ€™s most well-funded APAC edtech companies This year has been massive for edtech platforms, accelerating a much-needed transformation in the way education is planned and delivered. The edtech market was already expected to grow to US$252 billion by 2020, and continue to

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Baiduโ€™s Smart Living Group Valued at US$2.9B with Series A Raise

The move comes as Baidu aims to diversify its revenue streams in the face of tightening regulation Chinese Internet multinational Baidu has entered into agreements to raise an undisclosed amount of funding in a Series A round for its lifestyle tech business division Smart Living Group, the company announced in a statement. The deal puts

Baiduโ€™s Smart Living Group Valued at US$2.9B with Series A Raise Read More ยป

The move comes as Baidu aims to diversify its revenue streams in the face of tightening regulation Chinese Internet multinational Baidu has entered into agreements to raise an undisclosed amount of funding in a Series A round for its lifestyle tech business division Smart Living Group, the company announced in a statement. The deal puts

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Lever VCโ€™s RMB200M Lever China Fund Closes First Investments in Alternative Protein Startups

The Lever China Fund supports local Chinese innovators targeting the alternative proteins market The Lever China Alternative Protein Fund (Lever China Fund), run by U.S.- and Hong Kong-based alternative protein-focused venture capital fund Lever VC, has completed its first five investments, according to a statement released today. The funding was channeled towards five Chinese early-stage

Lever VCโ€™s RMB200M Lever China Fund Closes First Investments in Alternative Protein Startups Read More ยป

The Lever China Fund supports local Chinese innovators targeting the alternative proteins market The Lever China Alternative Protein Fund (Lever China Fund), run by U.S.- and Hong Kong-based alternative protein-focused venture capital fund Lever VC, has completed its first five investments, according to a statement released today. The funding was channeled towards five Chinese early-stage

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Navigating the Chinese Social Media Landscape During Covid-19

By Xavier Schillinger  The world changed in January 2020. With the outbreak of Covid-19 in Wuhan, China, the Chinese government responded by implementing a national lockdown and strict regulations to mitigate the spread of the deadly virus. Coinciding with the pandemic was the worldโ€™s largest annual human migration: around three billion trips made before and

Navigating the Chinese Social Media Landscape During Covid-19 Read More ยป

By Xavier Schillinger  The world changed in January 2020. With the outbreak of Covid-19 in Wuhan, China, the Chinese government responded by implementing a national lockdown and strict regulations to mitigate the spread of the deadly virus. Coinciding with the pandemic was the worldโ€™s largest annual human migration: around three billion trips made before and

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Sequoia Capital Leads US$12M Funding Round In Chinese AI Startup Recurrent.ai

Including the latest financing, the startup has raised over US$22 million to date   Chinese artificial intelligence (AI) startup Recurrent.ai, which provides AI-enabled corporate services to improve sales efficiency, has secured US$12 million in a new financing round led by Sequoia Capital China, the startup announced in a statement yesterday.   The round saw participation from

Sequoia Capital Leads US$12M Funding Round In Chinese AI Startup Recurrent.ai Read More ยป

Including the latest financing, the startup has raised over US$22 million to date   Chinese artificial intelligence (AI) startup Recurrent.ai, which provides AI-enabled corporate services to improve sales efficiency, has secured US$12 million in a new financing round led by Sequoia Capital China, the startup announced in a statement yesterday.   The round saw participation from

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Chinese Regulators Impose US$9M Fine For Fraud On Luckin Coffee and 43 Implicated Companies

The penalty comes six months after Luckin acknowledged the fraud and more than a month after Chinese regulators concluded their investigation China’s top commerce watchdog, the State Administration for Market Regulation (SAMR), along with Shanghai and Beijing market regulators, have imposed a fine of RMB 61 million (roughly US$9 million) on Chinese coffee-chain Luckin Coffee

Chinese Regulators Impose US$9M Fine For Fraud On Luckin Coffee and 43 Implicated Companies Read More ยป

The penalty comes six months after Luckin acknowledged the fraud and more than a month after Chinese regulators concluded their investigation China’s top commerce watchdog, the State Administration for Market Regulation (SAMR), along with Shanghai and Beijing market regulators, have imposed a fine of RMB 61 million (roughly US$9 million) on Chinese coffee-chain Luckin Coffee

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Baidu-Backed Chinese EV Maker WM Motor Rakes In Record Funding with US$1.5B Series D

The funding will be channeled towards R&D and brand-building efforts at WM Motor Chinese electric vehicle (EV) maker WM Motor has completed a hefty Series D round, bagging RMB10 billion (US$1.5 billion at current rates) in what is one of the biggest venture capital investment rounds so far this year, the company announced in a

Baidu-Backed Chinese EV Maker WM Motor Rakes In Record Funding with US$1.5B Series D Read More ยป

The funding will be channeled towards R&D and brand-building efforts at WM Motor Chinese electric vehicle (EV) maker WM Motor has completed a hefty Series D round, bagging RMB10 billion (US$1.5 billion at current rates) in what is one of the biggest venture capital investment rounds so far this year, the company announced in a

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Chinese Video SaaS Company Baijiayun Picks Up US$26M in Series B Funding

Baijiayunโ€™s management and employees increase stakes in the company as well Chinese video technology company Baijiayun has secured RMB178 million (approximately US$26.5 million) in its Series B round of financing, the company announced in a statement late last week. Baijiayun management and employees have also increased their stakes in the company to the tune of

Chinese Video SaaS Company Baijiayun Picks Up US$26M in Series B Funding Read More ยป

Baijiayunโ€™s management and employees increase stakes in the company as well Chinese video technology company Baijiayun has secured RMB178 million (approximately US$26.5 million) in its Series B round of financing, the company announced in a statement late last week. Baijiayun management and employees have also increased their stakes in the company to the tune of

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Chinese Data-as-a-Service Startup Internetware Bags US$103M Series B

With the latest investment, Internetware’s valuation reached approximately US$918 million Beijing Internetware Limited Corporation, a subsidiary of DC Holdings which provides government and corporate clients with big data software products and services, has secured RMB700 million (US$103 million approximately) in its Series B funding round from Changchun Financial and Changchun Jingyue, according to filings updated

Chinese Data-as-a-Service Startup Internetware Bags US$103M Series B Read More ยป

With the latest investment, Internetware’s valuation reached approximately US$918 million Beijing Internetware Limited Corporation, a subsidiary of DC Holdings which provides government and corporate clients with big data software products and services, has secured RMB700 million (US$103 million approximately) in its Series B funding round from Changchun Financial and Changchun Jingyue, according to filings updated

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6 Chinese Startups Filed For U.S. IPOs Last Week Despite Increasing Trade Tensions

Over 20 Chinese companies have already raised $5.23 billion in U.S. IPOs this year Despite China and the U.S. being embroiled in a trade war for more than 2 years, and the tightening of IPO filing restrictions and guidelines, a slew of Chinese companies are racing to go public in the U.S., with 6 Chinese

6 Chinese Startups Filed For U.S. IPOs Last Week Despite Increasing Trade Tensions Read More ยป

Over 20 Chinese companies have already raised $5.23 billion in U.S. IPOs this year Despite China and the U.S. being embroiled in a trade war for more than 2 years, and the tightening of IPO filing restrictions and guidelines, a slew of Chinese companies are racing to go public in the U.S., with 6 Chinese

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Clash of the Titans: How the U.S.-China Trade War Affects Your Startup

The U.S.-China trade war is no zero-sum game for the global startup community. As the U.S.-China trade war rages on, showing no signs of abating, the business world has been inevitably caught in the crossfire, changing the landscape considerably for startups as well. The US$3 trillion global startup economy has been singed by the trade

Clash of the Titans: How the U.S.-China Trade War Affects Your Startup Read More ยป

The U.S.-China trade war is no zero-sum game for the global startup community. As the U.S.-China trade war rages on, showing no signs of abating, the business world has been inevitably caught in the crossfire, changing the landscape considerably for startups as well. The US$3 trillion global startup economy has been singed by the trade

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Chinese Smart Consumer Tech Startup Dreame Raises US$14.6M Series B+

Dreame has published more than 840 patent applications including 270+ invention patents to date     Chinese smart consumer technology startup Dreame Technology has raised nearly RMB100 million (US$14.6 million) in its Series B+ round of financing led by IDG Capital, the startup announced in a press release on Monday.   Edge Ventures and Peak

Chinese Smart Consumer Tech Startup Dreame Raises US$14.6M Series B+ Read More ยป

Dreame has published more than 840 patent applications including 270+ invention patents to date     Chinese smart consumer technology startup Dreame Technology has raised nearly RMB100 million (US$14.6 million) in its Series B+ round of financing led by IDG Capital, the startup announced in a press release on Monday.   Edge Ventures and Peak