Articles by Larissa Ku
Chinese environmental protection business raises $16m
Addor Capital has led a RMB110 million ($15.5 million) Series A round for Shandong-based Pengda Environmental Protection Technology.
Deal focus: VCs back DataCanvas' opensource solution
Chinese start-up DataCanvas wants to democratize artificial intelligence through a plug-and-play platform that lets companies customize algorithms. Financial institutions are the early adopters
Chinese oatmeal brand Wangbaobao gets $14m Series B
Chinese oatmeal brand Wangbaobao has raised approximately RMB100 million ($14 million) in a Series B round led by consumer-focused BA Capital. Existing investors Source Code Capital, Vertex Ventures and Decent Capital re-upped.
Qiming leads round for Chinese display chip provider
Yunyinggu, a Chinese manufacturer of integrated circuits used in flat screen displays, has raised RMB200 million ($28 million) in Series C funding across two tranches.
Deal focus: Huilianyi's digitization drive
China Renaissance backed Huilianyi's $42 million extended Series C round with a view to capitalizing on widespread corporate adoption of electronic invoicing
Kuaishou backs Chinese online education platform Huohua Siwei
Huohua Siwei, a Chinese online education platform specializing in mathematics and science, has raised $30 million in an extended Series D round from local video-sharing giant Kuaishou.
Chinese big data player DataCanvas raises $17m
Beijing ZetYun Tech, also known as DataCanvas, has raised RMB120 million ($17 million) in Series C funding across two tranches. Participants include Zhongguancun Frontier Fund, GF Qianhe, Delta Capital, and Shidake Investment.
Gaocheng partner joins SoftBank Vision Fund
Daisy Cai, previously a partner at China-based growth capital investor Gaocheng Capital, has joined SoftBank Vision Fund.
Coronavirus & China VC: Bifurcation point
China might be emerging from the grip of COVID-19, but many start-ups face a long battle. This is when VCs find out who the winners are
China's Pinduoduo invests $200m in electronics retailer Gome
Chinese social e-commerce platform Pinduoduo – which has several VC backers - has invested $200 million in Gome Retail, one of the country's leading household appliance and electronics retailers.
China cancer diagnosis player ChosenMed gets Series B
ChosenMed, a Beijing-based tumor detection company has raised a Series B round of more than RMB100 million ($14 million) led by state-owned Shanghai Lianhe Investment.
Chinese drug developer Mabworks raises $159m Series C
Beijing Mabworks Biotech has raised a RMB1.13 billion ($159 million) Series C round led by CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital.
Chinese voice recognition player AISpeech raises $58m
Chinese voice recognition player AISpeech has raised RMB410 million ($58 million) in a Series E round led by CTC Capital.
China Everbright backs smart illumination start-up
China Everbright has joined a RMB200 million ($28 million) Series C round for Yeelight, a Chinese start-up that makes smart lighting products.
Matrix, CICC back Chinese optical chip pioneer
Lightelligence, a US and China-based manufacturer of optical chips, has raised a $26 million Series A round led by Matrix Partners China and China International Capital Corporation (CICC).
Chinese cosmetics player Meishang raises $28m
Meishang, a Chinese cosmetics company with a presence in South Korea and Taiwan as well as in its home market, has raised RMB200 million ($28 million) in funding led by furniture giant from Red Star Macalline.
Deal focus: Yuanfudao stakes its claim
Eight years old and yet to turn a profit, Chinese K-12 online education platform Yuanfudao is now valued at $7.8 billion. Investors say they are comfortable playing the long game
CDH raises $1.1b for China's largest mezzanine fund
CDH Investments has closed its fifth China mezzanine fund at RMB8 billion ($1.1 billion). It is the largest vehicle of its kind ever raised solely for deployment in the country.
China office decorating start-up gets Eight Roads backing
InDeco, a Chinese startup that offers one-stop commercial workspace decoration solutions, has raised $20 million in a Series C round led by Eight Roads Ventures.
CICC, GL Ventures join $66m round for Suzhou Ribo Life Science
Chinese drug developer Suzhou Ribo Life Science has raised RMB470 million ($66 million) in an extended Series C round led by China State-owned Capital Venture Capital Fund, CICC Capital and GL Ventures, the VC arm of Hillhouse Capital.
Chinese AI player Intellifusion raises $141m
Forebright Capital, Walden International and state-owned Utrust Fund have led a RMB1 billion ($141 million) pre-IPO round for Chinese artificial intelligence (AI) technology developer Intellifusion.
China's Luckin Coffee reveals $310m in fabricated sales
Luckin Coffee, a PE-backed Chinese coffee shop chain that went public in the US last year, has admitted that RMB2.2 billion ($310 million) worth of sales booked in 2019 were fabricated.
China AI player 4Paradigm closes $230m Series C
4Paradigm, a Chinese artificial intelligence (AI) start-up, has raised about $80 million in an extended Series C round, bringing its valuation to more than $2 billion.
Jumpstarted: Investors target China's EV charging networks
Telaidian’s recent Series A round underlines the opportunities in China’s electric vehicle charging space. While growth seems certain, some industry dynamics have yet to play out