dMed Secures Nearly US$50M in Series B Financing
dMed Biopharmaceutical Co., Ltd., a Shangai, China-based full service Clinical Contract Research Organization (CRO), completed a nearly US$50m Series B financing.
China
XTransfer Completes $15M Series B-1 Financing Round
XTransfer, a Shangai-based provider of cross-border financial services for China based foreign trade enterprises, completed a $15m Series B-1 financing.
Unilever Buys Lenor Japan and Astrix
Unilever, the transnational consumer goods company co-headquartered in London, United Kingdom, and Rotterdam, Netherlands, recently made two acquisitions.
DeepRoute Raises $50m in Funding
DeepRoute, a Shenzen, China-based L4 full stack self-driving system provider, raised approx. $50m in funding.
People’s Bank of China Approves PayPal ‘s 70% Investment in GoPay
The People’s Bank of China has approved PayPal Information Technologies Co., Ltd.’s acquisition of a 70% equity interest in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a payment business license in the country.
9F Acquires Stake in Hubei Consumer Finance Company
A wholly-owned subsidiary of 9F Inc. (NASDAQ: JFU), a digital financial account platform integrating and personalizing financial services in China, acquired a strategic stake in Hubei Consumer Finance Company, a licensed consumer finance company headquartered in Wuhan, Hubei Province.
Travel Easy Receives USD$20M in Funding
Travel Easy, a German service platform for cross-border shopping, raised $20m in funding.
Planet O Secures US$ 3.2M in Seed Funding
Planet O Ltd., a Shangai, China-based tech-driven, mixed-reality entertainment hub, raised ¥ 21.5 million CNY (approximately $ 3.2m) in seed funding.
SandStar Raises Series B Funding
SandStar (formerly known as YI Tunnel), a Beijing, China-based AI startup which is exploring the edge of new retail, secured a Series B funding round.
58.com Raises US$300M in Financing
58.com Inc. (NYSE: WUBA), China’s largest online market place for classifieds, received a US$300m Series B financing round for its consolidated subsidiary Zhuan Zhuan, an online used goods trading platform.
Sky9 Capital Completes Two Funds, Totalling $440M
Sky9 Capital, a Beijing, China-based early-stage venture capital firm that invests in Chinese technology startups, closed a new set of funds with $440m in capital commitments.
IceKredit Raises $47M in Pre-Series C Funding
IceKredit, Inc., a Los Angeles, CA and China-based credit risk and credit management company, raised $47m in pre-Series C funding.
Alibaba Buys Kaola from NetEase, for US$2 Billion
Alibaba Group Holding Limited (NYSE: BABA) acquired Kaola, the import e-commerce platform of NetEase, Inc. (NASDAQ: NTES), for approximately US$2 billion.
Xiang He Capital Closes Second US Dollar Venture Capital Fund, at $425M
Xiang He Capital, a China TMT focused venture capital firm, closed its second USD-denominated venture fund, at $425m.
The CareVoice Closes Eight Figure USD Series A Funding
The CareVoice, a Shangai, China-based health insurtech platform, closed an eight figure USD Series A funding.