Eudora Wang

5 days ago | dealstreetasia.com | Eudora Wang

A group of Chinese investment firms has backed US-based general-purpose adaptive robot developer Flexiv Robotics in its latest financing. Separately, Saudi Arabia’s national air cargo carrier Saudia Cargo has set up a joint venture (JV) in Hong Kong with its long-term partner TAM Group. General-purpose adaptive robot developer Flexiv Robotics announced on Monday the completion of a “nine-figure US dollar” Series C funding round to invest in production expansion, R&D, and ecosystem expansion.

5 days ago | dealstreetasia.com | Eudora Wang

Chinese ride-sharing platform Hellobike announced on Monday the launch of a new robotaxi company jointly with fintech giant Ant Group and electric vehicle (EV) battery maker Contemporary Amperex Technology Co Ltd (CATL). The three parties have invested a total of over 3 billion yuan ($417.3 million) in the Shanghai-incorporated new company as an initial investment, said Hellobike in a statement.

1 week ago | dealstreetasia.com | Eudora Wang

Chinese OLED microdisplay producer BCDtek has raised about 600 million yuan ($83.5 million) in a pre-Series A funding round to further explore commercial opportunities of its products in artificial intelligence (AI) and augmented reality (AR) applications. Domestic equity investment firms CDF Capital and Anshu Capital jointly led the deal, with participation from QCapital, Zhenjiang State-Owned Assets Investment Operation Company and others, BCDtek announced on Tuesday.

1 week ago | dealstreetasia.com | Eudora Wang

Insilico Medicine, a clinical-stage generative artificial intelligence (AI)-driven drug discovery company, announced on Monday the close of its oversubscribed Series E funding round at about $123 million. Led by Hong Kong-based asset management firm Value Partners Group, the Series E round surpassed Insilico’s initial target and followed an earlier announcement by the company in March when the fundraising size reached $110 million.

1 week ago | dealstreetasia.com | Eudora Wang

With DeepSeek’s success prompting a surge in deeptech valuations in China, venture capitalists are eyeing a further upside as government support fuels confidence in the homegrown deeptech ecosystem. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?