Welight Capital, a China-based venture capital firm founded by former Tencent Holdings executives, has led a RMB200 million ($30 million) Series B round for Maihaoche.com, a Chinese new car sales platform. Northern Light Venture Capital also participated.
Maihaoche, which means ‘sells good cars’ in English, started as an imported car ordering platform in 2014. Services have since expanded to include receiving orders and deposits from car buyers, and helping...
Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has closed a Series C extension led by SummitView Capital. This brings the size of the overall round to USD 500m.
Japanese lower middle-market private equity firm J-Star has made an investment of undisclosed size in air cargo transportation and courier services provider Score Japan Holdings.
Gaorong Capital and Tsing Song Capital have led a CNY 500m (USD 74m) Series C for IntellectiveBio, a China-based contract development and manufacturing organisation (CDMO).
Morningside Venture Capital has teamed up with Kingray Capital, Trinity Innovation Fund, TigerYeah Capital, and FountainBridge Capital to provide USD 20m in angel and pre-Series A funding for Epigenic Therapeutics, a China-based gene editing specialist.