China
Deal focus: Investors flock to SaaS specialist Ones
China’s Ones aspires to become Atlassian rather than Slack, catering to software developers working on complicated projects. Effective localization is partly responsible for a surge in VC investment
Evergrande EV unit cancels listing, suffers cash crunch
Evergrande New Energy Vehicle (NEV) Group, the Hong Kong-listed electric vehicle unit of troubled Chinese real estate developer Evergrande has canceled a planned secondary listing on Shanghai's Star Market and warned investors of a cash shortage.
PAG backs China AI investment management start-up
PAG has led a $100 million round for DataYes, a China-based provider of artificial intelligence-enabled investment management solutions for the financial services industry.
GM invests $300m in China autonomous driving player Momenta
General Motors (GM) has entered China’s autonomous driving industry with a $300 million investment in Momenta, a local developer of sensor technology.
China's Broncus raises $215m in IPO, struggles on HK debut
Broncus Holding Corporation, a China-based manufacturer of medical devices used to treat lung diseases, plunged 12.8% on its Hong Kong trading debut following a HK$1.67 billion ($215 million) IPO.
China autonomous driving chip start-up hits $2b valuation
Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has raised several hundred million dollars through two funding rounds at a valuation of $2 billion.
China AR glasses maker Nreal gets $100m Series C
Nreal, a Chinese manufacturer of advanced artificial reality (AR) glasses that resemble normal sunglasses, has raised a Series C of $100 million led by Nio Capital, Yunfeng Capital, and Hongtai Capital.
FountainVest buys New Zealand pet food business
China-focused private equity firm FountainVest Partners has agreed to buy Ziwi, New Zealand’s leading exporter of pet food.
China warehouse robot supplier secures $200m
Hai Robotics, a China-based manufacturer of robots used in warehouses, has raised approximately $200 million across two funding rounds.
Deal focus: Vision Fund bets on service robots
COVID-19 crippled demand for restaurant service robots, so China’s Keenon Robotics pivoted towards hospitals. It has $200 million in Series D funding to target new application scenarios
Deal focus: Deeproute founder jumps at second chance
Deeproute.ai has risen from the ashes of China-based autonomous driving specialist Roadstar.ai, backed by some of the same investors. Now Alibaba Group has given the company its endorsement
Eight Roads' China hospital wins backing from Swire
DeltaHealth, a China-based cardiovascular care chain established by Eight Roads, has raised $100 million in funding led by Hong Kong-listed conglomerate Swire Pacific.
D1 Capital leads $138m round for China's Xtransfer
XTransfer, a China-based cross-border payment services provider, has raised $138 million in Series D funding led by US-based D1 Capital Partners. Existing investors also took part in the round.
SoftBank leads $200m round for China’s Keenon Robotics
China-based service robot manufacturer Keenon Robotics has raised $200 million in a Series D round led by Softbank Vision Fund 2.
Profile: Vision Knight Capital’s David Wei
Drawing on his experiences as a top executive at Alibaba Group, David Wei fashioned Vision Knight Capital into a China-focused private equity firm that aims to be both consultant and capital provider
Alibaba leads $300m round for China's DeepRoute.ai
Alibaba Group has led a $300 million Series B round for DeepRoute.ai, a Chinese autonomous driving technology developer currently running a robotaxi program in downtown Shenzhen.
Warburg Pincus leads $93m round for China's Terminus
Warburg Pincus has led a RMB600 million ($93 million) Series B round for Hangzhou-based enterprise software company Terminus.
Fund focus: AGIC sticks to cross-border growth thesis
Having found its sweet spot bridging the middle markets of Asia and Europe, AGIC Capital plans to stay there – although Fund II will move earlier to capture technology hardware post-commercialization
IDG, Sequoia, Hidden Hill lead Series E for China's eSign
China-based electronic signature service provider eSign has raised RMB1.2 billion ($186 million) in Series E funding led by IDG Capital, Sequoia Capital China, and Hidden Hill Capital, an investment arm of logistics platform and fund manager GLP.
China’s Future Capital closes debut growth fund
Chinese early-stage tech investor Future Capital has broadened its scope with the closing of its first growth fund at $108 million.
China's Ximalaya abandons US IPO
Ximalaya, a Chinese online audio platform backed by the likes of Tencent Holdings, General Atlantic, and Goldman Sachs, has canceled its planned IPO.
China wafer maker Zhongxin Jingyuan raises $511m
Zhongxin Jingyuan Semiconductor - a China-based silicon wafer manufacturer also known as CCMC - has raised RMB3.3 billion ($511 million) in a Series B funding round led by Capital Operation, an investment arm of the Zhejiang provincial government, and...
China ride-hailing app Caocao raises $588m
Caocao Chuxing, the ride-hailing arm of Chinese automaker Geely, has raised a RMB3.8 billion ($588 million) Series B round from five state-backed investors.