Sinovation Ventures
China’s Shunwei Capital appoints new partner
Chris Lai, formerly a venture partner at China-focused Sinovation Ventures, has joined Shunwei Capital Partners, a VC firm set up by Xiaomi founder Lei Jun, as a partner.
Sinovation leads $21m round for Chinese AI firm
Sinovation Ventures has led a $20.6 million Series B round for Zhuiyi Technology, a Shenzhen-based artificial intelligence (AI) start-up that specializes in chatbots.
Asian GPs join $41m round for Wonder Workshop
Wonder Workshop, a US-based education robot maker with a strong presence in China, has raised a $41 million Series C round from a group of investors including Tencent Holdings, MindWorks Ventures and Softbank Korea.
Deal focus: Hua Juan leverages celebrity selling power
China's Hua Juan plans to use a new investment led by Sinovation Ventures to grow its personality-based online advertising model
Sinovation leads $40m Series B for China's Hua Juan
Sinovation Ventures has led a $40 million Series B round for Chinese e-commerce and online video platform Hua Juan.
BlueRun, Tencent back Chinese healthcare services platform
BlueRun Ventures and Tencent Holdings have co-led a RMB160 million ($24 million) Series A round of funding for Shuidi, a China-based healthcare services platform that aims to help people pay for medical services.
Deal focus: Momenta brings brains to self-driving cars
Fast-rising autonomous driving software developer Momenta started signing up paying customers for its products within a year of launch. The company's $46 million Series B round will help it take the next step
Chinese self-driving car start-up Momenta raises $46m
Momenta, a Beijing-based start-up that develops road sensors and mapping software for self-driving cars, has raised a $46 million Series B round of funding led by NIO Capital, an investment unit of local electric-vehicle maker NIO.
China cross-border VC: Home from home
Chinese capital is chasing deals in America’s technology space, but success in Silicon Valley requires a long-term commitment. Does the new breed of US-born Chinese VCs have the right cross-border strategy?
NetEase raises $23m for pig farm business
China local services platform Meituan-Dianping and Sinovation Ventures have jointly led a RMB160 million ($23m) Series A round for Weiyang, a pig farm business unit owned by Chinese internet firm NetEase.
Addor Capital leads $12m round for China’s Yeecall
Addor Capital has led a $12 million pre-Series B round for Yeecall, a Chinese mobile app that allows users to make free voice and video calls, with participation from existing investors including Sinovation Ventures.
Redpoint, Sinovation lead round for China online TCM player
Redpoint Ventures and Sinovation Ventures have led a Series B round worth RMB100 million ($14 million) for Xiaolu Clinic, a traditional Chinese medicine (TCM) online services provider.
China personal lending platform Yongqianbao raises $68m
Yongqianbao, a Chinese mobile app that provides personal loan services, has raised a RMB466 million ($68 million) Series C round co-led by Golden Brick Capital and CICC Alpha.
China edtech: Tangible teachings
Educational hardware remains an emerging investment segment globally. In China, cultural shifts are piquing expectations for a local boom, but success will depend on various cross-market diversifications
China video communication player Xiaoyu Link gets $18m
Xiaoyu Link, a Chinese video communication services provider, has raised a RMB125 million ($18 million) Series B round of funding jointly led by ZhenFund and Zhen Cheng Fund.
VC value-add: Personal touch
Chinese VC firms are expected to offer value-added services as a way of differentiating themselves from the competition. Are formalized concierge services for founders and their families a step too far?