Chinese second-hand car online auction platform Mychebao, which is backed by several PE investors including PAG Asia Capital, has raised another RMB500 million ($74 million) in an extended Series C round of funding.
It comes three months after the company raised $100 million in its initial Series C round led by PAG. Shenzhen-based Youjin Investment and government-backed The Belt & Road Fund led the latest tranche,...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.