January 20, 2018 Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to… Continue reading China: BMW alums’ electric car startup said to seek $400m in funding
Author: Deal Street Asia Online News
Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
January 18, 2018 Alphabet Inc’s Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also… Continue reading Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
China Digest: Aqrose, Mall Parking, SinoUnited Health, Daily Yoga, Yawlih raise funds
January 18, 2018 Startups Aqrose Technology, Mall Parking, SinoUnited Health Clinic, Daily Yoga and Yawlih Technology have secured fresh raise funds, reports the China Money Network. Baidu Ventures, DCM China co-lead Aqrose Technology’s $8m Series A Baidu Ventures and DCM China have co-led an $8-million Series A round in Aqrose Technology, a Chinese startup that applies machine vision… Continue reading China Digest: Aqrose, Mall Parking, SinoUnited Health, Daily Yoga, Yawlih raise funds
Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside
January 16, 2018 Autonomous driving technology firm Pony.ai, a startup co-located in Silicon Valley and in China’s Guangzhou, announced that it has raised $112 million in series A funding round co-led by Morningside Venture Capital and Legend Capital. Sequoia Capital China and investor IDG Capital also participated in the round, along with Hongtai Capital, Legend… Continue reading Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside
China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding
January 15, 2018 Five Chinese startups have raised a total of $81.6 million from venture capital and private equity companies in China, according to a China Money Network report. Kintor Pharmaceuticals raises $44 million Series C Chinese pharmaceutical research company Suzhou Kintor Pharmaceutical Inc has raised $44 million in a Series C funding round led by… Continue reading China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding
China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds
January 12, 2018 China’s venture capital and private equity firms continue to invest in the country’s startup community. Here are some of the firms that received fresh funding from Chinese investors, based on a China Money Network Report. Tsign secures $23m in series B+ Hangzhou-based electronic signature service provider Tsign has secured $23 million in… Continue reading China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds
Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE
January 11, 2018 BM Mobility Ltd, a Singapore-listed investment holding firm, said Thursday that it has offered to acquire Malaysian electric car- sharing firm UNiRide Ecotour Sdn Bhd (UNiRIDE), for RM850,000 ($212,944). UNiRIDE, founded in 2015, is currently 75%-owned by Wanted Marketing Communications Sdn Bhd, an authorized sales agent for electric bike manufacturer Treeletrik Sdn… Continue reading Singapore’s BM Mobility offers to buy Malaysia’s electric car-sharing firm UNiRIDE
China Digest: MoSeeker, Ulucu, Huangjinguanjia and Huiyihuiying raise funds
January 8, 2018 Here is a roundup of Chinese startups that are the latest to secure funding, as reported by the China Money Network. MoSeeker closes $15m Series B Chinese recruitment solutions provider MoSeeker has raised $15 million in a series B funding round led by an undisclosed investor. Recruit Holdings participated in the latest round.… Continue reading China Digest: MoSeeker, Ulucu, Huangjinguanjia and Huiyihuiying raise funds