Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised $100 million in funding led by CMB International. Other investors include Hongtai Capital, Joy Capital and Nio Capital.
This follows a RMB900 million ($128 million) Series D in July of last year led by China Capital Investment Group. The company closed two rounds in 2019: a RMB450 million Series B led by China’s National...
Fiture, a Chinese developer of artificial intelligence-enabled home fitness devices, has raised $300 million in Series B funding led by All-Stars Investment, Legend Capital, DST Global, and Coatue Management.
Arrail Group, one of China’s largest dental services providers, has raised close to $200 million in Series E funding led by Temasek Holdings.
TuSimple, a China and US-based developer of autonomous driving technology for trucks, traded flat on debut following a $1.35 billion IPO at a market capitalization of $8.5 billion.
Alpha JWC Ventures is targeting $250 million for its third Indonesia-focused venture capital fund, with the International Finance Corporation (IFC) proposing a commitment of up to $20 million.