Sequoia Capital, a Menlo Park, California-based venture capital firm, raised nearly 3.4 billion dollars for two funds investing in later-stage U.S. companies, and venture and growth investments in China.
Loyal Valley Capital closed its second US dollar-denominated fund, Loyal Valley Capital Advantage Fund II LP, at $465m.
Reorg, a NYC-based financial media and technology company, acquired Dai1 Media, a subscription-based provider of news, insights and analysis about special situations in China.
Chongqing iQIYI Intelligence Technology Co., Ltd., incubated and operated by iQIYI Inc., a Beijing, China-based online entertainment service, completed an RMB 100 million Series A financing.
Clover Biopharmaceuticals, a Chengdu, China-based global clinical-stage biotechnology company focused on developing novel and transformative biologic therapies, closed a US$ 43m (RMB 304m) Series B financing.
Lynk, a “Knowledge-as-a-Service” (KaaS) company, closed a funding round of undisclosed amount.
Xpeng Motors, a Guangzhou, China-based maker of connected automobiles, closed its US$400m Series C funding round.
Akeso, Inc., a Zhongshan, China-based biopharmaceutical company focusing on new innovative antibody drug discovery and development in oncology and immunology therapeutic areas, completed its Series-D private financing for nearly US$150m.
Casstime, a Shenzhen, China-based automotive aftermarket company, closed an USD$80M Series C1 funding round.
Cloopen, a Chinese intelligent cloud communications service provider, raised hundreds of millions of RMB in D Series financing.
dMed Biopharmaceutical Co., Ltd., a Shangai, China-based full service Clinical Contract Research Organization (CRO), completed a nearly US$50m Series B financing.
XTransfer, a Shangai-based provider of cross-border financial services for China based foreign trade enterprises, completed a $15m Series B-1 financing.
Unilever, the transnational consumer goods company co-headquartered in London, United Kingdom, and Rotterdam, Netherlands, recently made two acquisitions.
DeepRoute, a Shenzen, China-based L4 full stack self-driving system provider, raised approx. $50m in funding.
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.