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4 days ago | 
dealstreetasia.com | Stephanie Li
Whobot Beijing 1.5* A GSR Ventures Business Support Services AI and Machine Learning Huameita Beijing 14 Pre-A Xing Xiang Capital Cash Capital, Xiangjiang Group Dakecheng Fund, Leyi Capital Semiconductor N/A Motovis Shanghai 15.3 Zhejiang Meida Industrial Automobiles & Parts Autonomous Driving Oritime Wuxi 0.1* Seed Business Support Services AI and Machine Learning HPRAY Changzhou B+ Hefei Industry Investment Holding, Guoke BOE Equity Investment, Chaoyue Moer Semiconductor N/A Inks...
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4 days ago | 
dealstreetasia.com | Stephanie Li
Chinese embodied AI startup Galbot has secured 1.1 billion yuan ($153 million) in a fresh funding round co-led by Chinese battery giant CATL and its strategic investment arm Puquan Capital.
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5 days ago | 
dealstreetasia.com | Stephanie Li
Shanghai-based medical AI solutions provider United Imaging Intelligence (UII) has secured 1 billion yuan ($139.1 million) in a Series A funding round at a pre-money valuation of 9 billion yuan ($1.3 billion). The round was co-led by the private equity arm of China’s largest mutual fund manager, E Fund Management, and Shanghai Sitoco Assets Management, a subsidiary of state-owned Shanghai International Group (SIG), according to a company release on June 20.
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5 days ago | 
dealstreetasia.com | Stephanie Li
As the halo effect of DeepSeek’s success drives valuation growth and a dealmaking frenzy for artificial intelligence (AI), several fund managers have set their sights on the AI theme, looking to raise dedicated funds to capitalise on global investors’ renewed enthusiasm in China. Register now to enjoy 3 free articles per month, or log in to continue reading.
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1 week ago | 
dealstreetasia.com | Stephanie Li
Micro Connect, a microfinance platform co-founded by former Hong Kong Exchange CEO Charles Li, has filed for an initial public offering (IPO) to bring cashflow-based investing, a nascent model, to the Hong Kong Stock Exchange, according to a filing on Wednesday. Cashflow-based investing is a way of funding where a business gets money upfront. In return, the business agrees to share a portion of its future earnings with the investor until a certain amount has been paid back.
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1 week ago | 
dealstreetasia.com | Stephanie Li
Enterprise security and services provider Eagle Cloud has secured 100 million yuan ($14.5 million) in a Series Pre-B round led by HongShan (previously Sequoia Capital China). Local investment firms Vision Plus Capital and QC Capital, along with existing shareholders, joined the round, according to a company release on June 9. Founded in July 2021, the Hangzhou-based firm offers a range of products that utilise two key security frameworks: Zero Trust and Secure Access Service Edge (SASE).
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2 weeks ago | 
dealstreetasia.com | Stephanie Li
Japanese private equity firm J-STAR has backed Hong Kong-headquartered e-commerce logistics firm Orange Connex Group (OC Group) as the Tokyo-based PE firm looks to tap into the growing expansion of Japan-origin shipments. J-STAR said in a release on Tuesday that the investment was made via its J-STAR No.5 Series Funds that target investments in small to mid-cap Japanese firms with established brands and unique business models. Financial details of the transaction were not disclosed.
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2 weeks ago | 
dealstreetasia.com | Stephanie Li
China Deal Review: Startup funding suffers steep 50% decline in MayImage by Henry Chen from Unsplash. China’s startup funding market hit a rough patch in May when the total deal value plunged by almost 50% compared to the previous month of April. Register now to enjoy 3 free articles per month, or log in to continue reading.
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2 weeks ago | 
dealstreetasia.com | Stephanie Li
China’s mid-market private equity firm InnoVision Capital has become the very first PE firm to tap the carbon market of the world’s largest emitter of greenhouse gas through the launch of a carbon asset investment fund, CEO and founder Lane Zhao told DealStreetAsia. Register now to enjoy 3 free articles per month, or log in to continue reading.
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3 weeks ago | 
dealstreetasia.com | Stephanie Li
Kylinsoft, also known as Kylin Software, has snapped up around 3 billion yuan ($417.7 million) in a fresh equity funding round at a pre-money valuation of around 8.4 billion yuan ($1.2 billion). As the subsidiary of Shanghai-listed China National Software & Service Company Limited, KylinSoft’s recent round has roped in its parent company, which committed a total of 2 billion yuan ($278.4 million) in the round.
