PowerShare, an electric vehicle (EV) charging platform startup based in China, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi.
LandSpace, a Beijing, China-based private space launch company, closed ¥300m RMB ($43m USD) Series B+ financing.
Burning Rock, an Asian tumor precision medicine company, closed an RMB 850m Series C financing round.
MabPlex International Ltd, a Contract Development and Manufacturing Organization (CDMO), closed its $59.1m series A funding.
AInnovation, a Chinese AI solutions provider and Sinovation Ventures’ artificial intelligence (AI) subsidiary focused on an “AI+” B2B enterprise service model, closed a Series A and A+ financing round of more than RMB 400m (approx. US$60m).
Redpoint China Ventures completed the closing of two new funds totaling $400m in committed capital.
Immunochina Pharmaceuticals, a Beijing, China-based cell therapy company, closed its 140m RMB Series C financing (approximately $20.4m).
Airdoc, a Beijing, China-based AI medical solution company, raised its B+ round of funding.
Apollomics, Inc. (fka CBT Pharmaceuticals, Inc.), a Foster City, CA-based innovative biopharmaceutical company committed to the discovery and development of oncology combination therapies, raised $100m in a Series B financing.
Connect Biopharmaceuticals, a Taicang, Suzhou, China-based clinical-stage company that discovers and develops novel immune modulators for the treatment of autoimmune diseases and inflammation, completed a $55m Series B financing.
Venture capital firm Lightspeed China Partners closed two funds with total committed capital of $560m.
Emotibot, a Shangai, China-based caring robot solutions provider, raised USD30M in Series B funding.
Antengene Corporation, a Chinese clinical stage therapeutics company focused on oncology, completed a $120m Series B financing.
oTMS, a Shangai, China-based transport management platform, completed a Series C1 strategic financing round.
Global venture capital firm Sequoia Capital is raising a seed fund dedicated to investing in China.