China Startups

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Chinese Logistics Startup Duckbill Snags US$30M In Pre-Series B Round

Duckbill has experienced a 200% year-on-year increase in monthly transportation volume in three years     Chinese shipping container logistics platform Duckbill has raised US$30 million in a pre-Series B round of financing, according to a statement released yesterday by Lighthouse Capital, the financial advisor for the round.   The round was jointly led by Future Capital […]

Chinese Logistics Startup Duckbill Snags US$30M In Pre-Series B Round Read More ยป

Duckbill has experienced a 200% year-on-year increase in monthly transportation volume in three years     Chinese shipping container logistics platform Duckbill has raised US$30 million in a pre-Series B round of financing, according to a statement released yesterday by Lighthouse Capital, the financial advisor for the round.   The round was jointly led by Future Capital

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Chinese Surgical Robot Maker Jianjia Robots Picks Up RMB100M Series B

Baidu-backed Jianjiaโ€™s โ€˜Arthrobotโ€™ is currently undergoing clinical trials     Chinese intelligent orthopedic surgical robot developer Jianjia Robots has raised a Series B round of over RMB100 million (US$14.62 million at current rates), according to a statement released by financial advisor to the deal Haoyue Capital.   The funding was raised from Beijing-based private equity

Chinese Surgical Robot Maker Jianjia Robots Picks Up RMB100M Series B Read More ยป

Baidu-backed Jianjiaโ€™s โ€˜Arthrobotโ€™ is currently undergoing clinical trials     Chinese intelligent orthopedic surgical robot developer Jianjia Robots has raised a Series B round of over RMB100 million (US$14.62 million at current rates), according to a statement released by financial advisor to the deal Haoyue Capital.   The funding was raised from Beijing-based private equity

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Chinese Delivery Robo Maker Pudu Robotics Doubles its Latest Funding Round with US$15M Series B+

The funding will help Pudu Robotics grow its market share Chinese indoor delivery robot company Pudu Robotics closed its Series B+ round of nearlyย $15 Million earlier this month, the company announced in a press release today. The round was led by Sequoia Capital China. Participating investors include Pudu Roboticsโ€™ existing backers Chinese Ecommerce platform Meituan-Dianping,

Chinese Delivery Robo Maker Pudu Robotics Doubles its Latest Funding Round with US$15M Series B+ Read More ยป

The funding will help Pudu Robotics grow its market share Chinese indoor delivery robot company Pudu Robotics closed its Series B+ round of nearlyย $15 Million earlier this month, the company announced in a press release today. The round was led by Sequoia Capital China. Participating investors include Pudu Roboticsโ€™ existing backers Chinese Ecommerce platform Meituan-Dianping,

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Chinese Tesla Rival Xpeng Motors Bags US$1.5B In U.S. IPO

Xpeng Motors is the third Chinese EV maker to list in the U.S. after Li Auto earlier this month and Nio in 2018 Relations between U.S. and China have been souring due to rising political tension, and threats from the U.S. government to delist Chinese companies that do not meet U.S. accounting standards, fuelled by

Chinese Tesla Rival Xpeng Motors Bags US$1.5B In U.S. IPO Read More ยป

Xpeng Motors is the third Chinese EV maker to list in the U.S. after Li Auto earlier this month and Nio in 2018 Relations between U.S. and China have been souring due to rising political tension, and threats from the U.S. government to delist Chinese companies that do not meet U.S. accounting standards, fuelled by

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Chinese Space Launch Startup iSpace Nets US$172M Series B

iSpace will use the fresh funds to develop its space launch vehicle Hyperbola 2 Chinese aerospace startup iSpace has raised approximately US$172 million (RMB1,192.5 million) in a Series B funding round from a consortium of investors, the startup announced in a press release on Wednesday. The round was led by Beijing Financial Street Capital Operation

Chinese Space Launch Startup iSpace Nets US$172M Series B Read More ยป

iSpace will use the fresh funds to develop its space launch vehicle Hyperbola 2 Chinese aerospace startup iSpace has raised approximately US$172 million (RMB1,192.5 million) in a Series B funding round from a consortium of investors, the startup announced in a press release on Wednesday. The round was led by Beijing Financial Street Capital Operation

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Biotech Company Connect Biopharma Raises US$115M in Series C

Connect Biopharma’s total capital pool nears the US$200 million mark U.S.- and China-based clinical-stage biopharmaceutical company Connect Biopharma has completed a fundraise of US$115 million in a Series C round, the company announced in a statement yesterday. The round was led by U.S.-based multi-stage investment manager RA Capital Management, the statement said. Principal at RA

Biotech Company Connect Biopharma Raises US$115M in Series C Read More ยป

Connect Biopharma’s total capital pool nears the US$200 million mark U.S.- and China-based clinical-stage biopharmaceutical company Connect Biopharma has completed a fundraise of US$115 million in a Series C round, the company announced in a statement yesterday. The round was led by U.S.-based multi-stage investment manager RA Capital Management, the statement said. Principal at RA

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Chinese Pharma Company Xuanzhu Biopharmaceutical Takes Home Over US$100M in Series A

Xuanzhu Biopharmaceutical welcomes Chinese governmentโ€™s State Development and Investment Corporation as an investor Xuanzhu Biopharmaceutical, a subsidiary of China-based pharmaceutical company Sihuan Pharmaceutical Holdings, has raised RMB800 million (approximately US$115.6 million) in its Series A round of financing, according to a statement by the company today. The funding was raised from Chinese state-owned investment company

Chinese Pharma Company Xuanzhu Biopharmaceutical Takes Home Over US$100M in Series A Read More ยป

Xuanzhu Biopharmaceutical welcomes Chinese governmentโ€™s State Development and Investment Corporation as an investor Xuanzhu Biopharmaceutical, a subsidiary of China-based pharmaceutical company Sihuan Pharmaceutical Holdings, has raised RMB800 million (approximately US$115.6 million) in its Series A round of financing, according to a statement by the company today. The funding was raised from Chinese state-owned investment company

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Chinese Insurtech Startup Waterdrop Raises US$230M Series D Ahead Of U.S. IPO

Waterdrop is reportedly planning a U.S. IPO as early as this year, at a valuation of US$2 billion Chinese insurtech startup Waterdrop, known as Shuidihuzhu in China, has raised US$230 million in a Series D round of financing led by insurance giant Swiss Re and existing investor and Chinese Internet giant Tencent, the startup announced

Chinese Insurtech Startup Waterdrop Raises US$230M Series D Ahead Of U.S. IPO Read More ยป

Waterdrop is reportedly planning a U.S. IPO as early as this year, at a valuation of US$2 billion Chinese insurtech startup Waterdrop, known as Shuidihuzhu in China, has raised US$230 million in a Series D round of financing led by insurance giant Swiss Re and existing investor and Chinese Internet giant Tencent, the startup announced

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Social Media App Giant TikTok’s Tumultuous Year So Far

Will TikTok succumb to tensions between global powers? The days of booing TikTok for cringe content are long gone โ€“ at least for some of us โ€“ as the social media appโ€™s soaring valuation shut down naysayers and proved that it deeply understood the business of content. The short-form video sharing platform has become popular

Social Media App Giant TikTok’s Tumultuous Year So Far Read More ยป

Will TikTok succumb to tensions between global powers? The days of booing TikTok for cringe content are long gone โ€“ at least for some of us โ€“ as the social media appโ€™s soaring valuation shut down naysayers and proved that it deeply understood the business of content. The short-form video sharing platform has become popular

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Chinese Hybrid EV Startup Li Auto Raises US$1.1B In Nasdaq IPO

Li Auto is the second Chinese EV startup to list in the U.S. after Nio’s 2018 IPO While trade tensions between the U.S. and China have been intensifying, and various instances of fraud by Chinese companies listed in the U.S. have come to light, Chinese startups have not been deterred in their ambitions to list

Chinese Hybrid EV Startup Li Auto Raises US$1.1B In Nasdaq IPO Read More ยป

Li Auto is the second Chinese EV startup to list in the U.S. after Nio’s 2018 IPO While trade tensions between the U.S. and China have been intensifying, and various instances of fraud by Chinese companies listed in the U.S. have come to light, Chinese startups have not been deterred in their ambitions to list

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China Growth Cap Partner Wayne Shiong: Frontier Technologies and Upcoming Trends In China

China Growth Capital Partner Wayne Shiong shares his Dos and Don’ts of investing in Frontier Technologies The role of a venture capitalist in a startup’s success is often overlooked. VCs not only provide the capital required for a business to thrive, but also bring experience to the table that often helps set entrepreneurs on the

China Growth Cap Partner Wayne Shiong: Frontier Technologies and Upcoming Trends In China Read More ยป

China Growth Capital Partner Wayne Shiong shares his Dos and Don’ts of investing in Frontier Technologies The role of a venture capitalist in a startup’s success is often overlooked. VCs not only provide the capital required for a business to thrive, but also bring experience to the table that often helps set entrepreneurs on the

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Chinese Online Grocery Unicorn MissFresh Raises US$495M Series F

The funding brings Ecommerce startup MissFreshโ€™s total funding to US$1.9 billion to date China-based grocery Ecommerce platform Beijing Missfresh ECommerce Co. (MissFresh) has raised funds worth US$495 million in its Series F round from a consortium of investors, according to a statement released on July 23. MissFresh had a reported $3 billion pre-money evaluation prior

Chinese Online Grocery Unicorn MissFresh Raises US$495M Series F Read More ยป

The funding brings Ecommerce startup MissFreshโ€™s total funding to US$1.9 billion to date China-based grocery Ecommerce platform Beijing Missfresh ECommerce Co. (MissFresh) has raised funds worth US$495 million in its Series F round from a consortium of investors, according to a statement released on July 23. MissFresh had a reported $3 billion pre-money evaluation prior

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Electrifying Chinaโ€™s Roads

By Alvin Mak The Chinese electric vehicles industry is driving toward a more environmentally-friendly world. Though oil might still dominate the world, such change has been enacted in the past decade that few can disagree with the prediction that soon enough, motor vehicles will exclusively be powered by electricity.ย  The environmental consequences of our heavy

Electrifying Chinaโ€™s Roads Read More ยป

By Alvin Mak The Chinese electric vehicles industry is driving toward a more environmentally-friendly world. Though oil might still dominate the world, such change has been enacted in the past decade that few can disagree with the prediction that soon enough, motor vehicles will exclusively be powered by electricity.ย  The environmental consequences of our heavy

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Ant Group IPO: Dual Listing Plans In Shanghai And Kong Kong

At a US$200 billion valuation, Ant Group’s IPO of even a small portion of its shares could lead to one of the largest IPOs in history Ant Group, the parent company of Chinaโ€™s largest mobile payments business Alipay, announced that it has started the process for an Initial Public Offering (IPO) with dual listing on

Ant Group IPO: Dual Listing Plans In Shanghai And Kong Kong Read More ยป

At a US$200 billion valuation, Ant Group’s IPO of even a small portion of its shares could lead to one of the largest IPOs in history Ant Group, the parent company of Chinaโ€™s largest mobile payments business Alipay, announced that it has started the process for an Initial Public Offering (IPO) with dual listing on

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Antengene Corporation Closes US$97M in Partial Series C Financing

Funding will be used to enhance R&D capacity and strengthen existing infrastructure Antengene Corporation, an innovative hematology and oncology-focused biopharmaceutical company, announced on July 20 that it had successfully closed US$97 million in Series C financing, to support ongoing drug development and preparations for potential commercialization.  The financing was led by Fidelity Management & Research

Antengene Corporation Closes US$97M in Partial Series C Financing Read More ยป

Funding will be used to enhance R&D capacity and strengthen existing infrastructure Antengene Corporation, an innovative hematology and oncology-focused biopharmaceutical company, announced on July 20 that it had successfully closed US$97 million in Series C financing, to support ongoing drug development and preparations for potential commercialization.  The financing was led by Fidelity Management & Research

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Chinese Tesla Rival Xpeng Motors Bags US$500M Series C+

With the latest investment, Xpeng’s total funding now stands at US$2.2 billion Chinese smart electric vehicles (EV) startup Xpeng Motors has raised US$500 million in a Series C+ round of financing from a group of investors including Aspex Management, Coatue Management, Hillhouse Capital and Sequoia Capital China, the startup announced in a press release yesterday.

Chinese Tesla Rival Xpeng Motors Bags US$500M Series C+ Read More ยป

With the latest investment, Xpeng’s total funding now stands at US$2.2 billion Chinese smart electric vehicles (EV) startup Xpeng Motors has raised US$500 million in a Series C+ round of financing from a group of investors including Aspex Management, Coatue Management, Hillhouse Capital and Sequoia Capital China, the startup announced in a press release yesterday.