Global venture capital firm Sequoia Capital is raising a seed fund dedicated to investing in China.
G7, a Bejing, China-based Internet of Things (IoT) integrated fleet management platform company, raised US$320m in funding.
China Renaissance K2 Ventures, a Beijing, China-based venture capital firm, raised $67.5m for two venture capital funds.
WuXi NextCODE, a global standard platform for genomic data, completed a $200m Series C financing.
Geek+, a Beijing, China-based AI & Robotics company, completed a $150m Series B financing.
Alphamab Oncology, a Suzhou, China-based clinical-stage biopharmaceutical company, raised more than $100m series A financing.
South Korean automaker Hyundai Motor signed a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to jointly establish a “Hydrogen Energy Fund”.
LightInTheBox Holding Co., Ltd. (NYSE: LITB), a global online retail company that delivers products directly to consumers around the world, is to acquire Ezbuy Holding Co., Ltd., a Singapore-based cross-border e-commerce platform, for US$85.55m.
KaDa Story, a Beijing, China-based children’s digital content platform, secured nearly RMB100m in Series A+ financing.
HuiyiHuiying (HY), a Beijing, China-based medical imaging artificial intelligence (AI) company, closed a strategic investment of undisclosed amount.
WeRide.ai (formerly JingChi.ai), a Chinese autonomous driving company focused on Level 4 (L4) self-driving technology, received a Series A funding round of undisclosed amount.
9F Group, a Chinese fintech company, received a new round of Series E Financing of undisclosed amount.
Co-working giant Ucommune acquired competitor Fountown.
FEG, a Chinese eSports company, completed a Series A funding round of close to 100m Chinese Yuan (US$15m).
Capillary Technologies, a global AI-based omnichannel consumer loyalty, engagement and analytics provider, completed a new round of financing.