Articles by Larissa Ku
China agricultural drone maker XAG raises $46m
XAG, a Chinese manufacturer of agricultural drones, has raised RMB300 million ($46 million) in funding from GL Ventures.
China VC player Source Code to raise $1b
Source Code Capital, a Chinese venture capital firm founded by Yi Cao (pictured), formerly of Sequoia Capital China, is set to raise $1 billion across two funds.
Deal focus: MetaApp's supply-demand solution
China-based MetaApp has created an online platform that connects games with relevant gamers. Community building and social interaction are its watchwords
Fund focus: See Fund backs university talent
Having launched his own start-up on campus, Song Yao of See Fund is returning to China’s academic institutions to look for the next generation of hard technology unicorns
Sequoia leads Series A for China software start-up Terminus
Hangzhou-based enterprise software company Terminus has raised RMB400 million ($61 million) in Series A funding led by Sequoia Capital China. Existing investors Alibaba Cloud and Glory Ventures re-upped.
China mobile charging business targets US listing
Energy Monster, China’s largest mobile device charging service provider by gross revenue, has filed for a US IPO.
Warburg Pincus, Hillhouse back China's JD Property
JD Property, the infrastructure property asset management arm of Chinese e-commerce giant JD.com, has raised a $700 million Series A round led by Warburg Pincus and Hillhouse Capital.
SIG leads $100m round for China gaming platform MetaApp
China gaming platform MetaApp has raised a $100 million Series C round led by SIG and featuring existing investors China Creation Ventures (CCV) and Sky9 Capital. It is said to be the largest single round in China's gaming industry.
GL joins $61m Series C for China's Thousand Oaks
GL Ventures - a VC unit of Hillhouse Capital - and China State-Owned Capital Venture Investment Fund have led a RMB400 million ($61 million) Series C round for Thousand Oaks Biopharmaceuticals, a China-based contract development and manufacturing organization...
China regulation: Taming the giants
Recent regulatory reforms suggest that China will not let the growth of large technology companies go unchecked. The implications could be far-reaching, not least for VC investors and start-ups
Loyal Valley leads Series B for China vision therapy start-up
China-based eye disorder specialist Arctic Vision has raised a $100 million Series B round led by Loyal Valley Capital. Tencent Holdings, Octagon Capital, and New World Development CEO Adrian Cheng also participated.
China's Zhongneng secures $460m in equity, debt funding
Zhongneng United, a Chinese construction equipment rental platform specializing in aerial work, has raised RMB3 billion ($460 million) in Series C equity and debt financing across three tranches.
China LiDAR specialist Innovusion raises $60m
Innovusion, a Chinese developer of LiDAR technology used in autonomous driving, has raised $60 million in funding. The company is best known as a supplier to domestic electric vehicle (EV) manufacturer Nio.
Chinese GPU chip designer raises $186m
Iluvatar CoreX, a Shanghai-based computing chip designer has raised RMB1.2 billion ($186 million) in Series C funding led by Cedarlake Capital and Centurium Capital.
Deal focus: ANE Logistics targets attractive middle
China’s less-than-truckload logistics market, which sits in between express couriers and big truck operators, is ripe for consolidation. GPs have identified their favored players
China VCs back See Fund's debut vehicle
See Fund, an investment firm established by the founder of Chinese artificial intelligence chip start-up DeePhi Technology, has raised RMB200 million ($31 million) for its debut fund.
China cloud IoT provider Tuya files for US IPO
Tuya, a Chinese software platform for internet-of-things (IoT) systems that mainly offers platform-as-a-service (PaaS) products is pursuing a US IPO.
Hillhouse launches China sports retail JV with US-based Fanatics
Hillhouse Capital has established a China joint venture with Fanatics, a US-based sports retailer that specializes in licensed sports apparel.
China EV battery maker raises $542m Series A
Svolt Energy Technology, formerly the battery business unit of Chinese automaker Great Wall Motor, has raised a RMB3.5 billion ($542 million) Series A round featuring a string of government-linked investors.
VCs flock to Chinese chip designer Moore Threads
Moore Threads, a Chinese chip designer established as recently as last October by a team from Nvidia, has closed two funding rounds amounting to several billion renminbi.
Private equity & cybersecurity: Dark clouds
From fraudulent drawdown notices to ransomware, private equity firms and their portfolio companies are increasingly vulnerable to cyber-attacks. Training and vigilance are paramount
China's WuXi Diagnostics raises $150m
WuXi Diagnostics, a joint venture China diagnostics business set up by Hong Kong-listed pharmaceutical outsourcing giant WuXi AppTec and US-based Mayo Clinic has completed a $150 million Series B funding round.
China's Fresh Capital hits $93m first close on Fund II
Fresh Capital, a Shanghai-based venture capital firm, has reached a first close of RMB600 million ($93 million) on its second renminbi-denominated fund.
China's Clover Biopharmaceuticals gets $230m Series C
Chengdu-based Clover Biopharmaceuticals has raised $230 million in Series C funding led by GL Ventures and Temasek Holdings. Oceanpine Capital, OrbiMed, and Delos Capital all re-upped.