Hillhouse Capital has led a RMB380 million ($55 million) Series C round of funding for Yitu Technology, a Shanghai-based artificial intelligence (AI) technology developer.
Existing investors including Yufeng Capital, Sequoia Capital, Banyan Capital, and ZhenFund also took part in the round. Yitu was founded in 2012 by Long Zhu, who has a PhD in statistics from the University...
Space Cycle, a boutique fitness studio chain operating in mainland China and Taiwan, has raised a RMB100 million ($15.6 million) Series B round of funding led by Alibaba Taiwan Entrepreneurs Fund.
Creador is targeting $500 million for its fourth Southeast Asia and India-focused fund. The private equity firm closed its previous vehicle at $415 million in late 2016.
SBI Investment, the VC arm of Japan’s SBI Holdings, has launched a JPY50 billion ($450 million) fund that will focus on artificial intelligence (AI) and blockchain technology.
Singapore’s Temasek Holdings has led a Series C round of undisclosed size for Rokid, a Chinese artificial intelligence (AI) developer focused on home automation devices.