Lei Jun: Xiaomi to start the second-phase construction of its smart factory
Lei Jun, founder and president of Xiaomi Technology, revealed that Xiaomi had planned to start the second-phase construction of its high-end mobile phone smart factory in Beijing Economic and Technological Development Zone, at the 2020 Zhongguancun...
Eugenlight Technologies closes Series A of RMB tens of millions
Eugenlight Technologies, an optical component company focusing on high-speed optoelectronic integrated packaging and light engine technology, recently announced that it had completed its Series A round of financing worth tens of millions of yuan.
BPassword closes angel round led by Eagle Fund
BPassword, a password management tool based on blockchain technology, recently announced the completion of its angel round of financing led by the well-known investment institution Eagle Fund and followed by Linkmass Technology.
Microtera Semiconductor closes Series A with RMB tens of millions
Microtera Semiconductor, headquartered in Guangzhou Science City, has completed its Series A round of financing recently, raising tens of millions of yuan. The investment was jointly led by Microtera Semiconductor’s two original shareholders, namely...
Vertex Ventures completes new fund raising of RMB three bln
Vertex Ventures announced on September 8 that it had completed the fundraising of an RMB fund with a total scale of 3 billion yuan, adding which the total size of funds managed by Vertex Ventures’ China Fund reaches more than 10 billion yuan.
Sinopec establishes its first fund with RMB five bln
Enze Fund, initiated by Sinopec Group Capital, has recently completed its industrial and commercial registration, marking the establishment of Sinopec’s first fund. According to the person in charge, the total capital scale of Enze Fund has reached...
Baidu Huangpu Academy has cultivated 135 chief AI architects
On September 6, Huangpu Academy, which was jointly founded by Baidu and the National Engineering Laboratory for Deep Learning Technology and Application, held the 3rd graduation ceremony in Beijing, with 65 students graduating. The academy is...
Boqii Pet signs strategic cooperation agreement with China Animal Husbandry
On September 5th, Boqii Pet and China Animal Husbandry Group held a strategic cooperation signing ceremony at Boqii Pet’s headquarter in Shanghai, agreeing to cooperate and share the information of pet market, the ways to optimize technology and...
Suning plans to employ 20000 talents in three years
On September 6, Suning stated that it had recruited more than 10,000 graduates in the past two years and planned to introduce 20,000 more talents in the next three years especially in its divisions of retail, technology, finance, and regional Internet.
Tencent wholly acquires Leyou Technology with USD 1.5 bln
Image Frame Investment, a wholly-owned subsidiary of Tencent, acquired Leyou Technology at a transaction price of approximately US$1.5 billion. Tencent completed the acquisition by paying in cash.
Xiaoyinghe closes seed round of two mln yuan
The new retail brand of community business, Xiaoyinghe, has completed its seed round of financing of two million yuan, which was invested by the president of Dianguang Explosion-proof Technology, a listed company in China.
Orthopedic AI company Changmugu closes Series A+ of RMB tens of mlns
Beijing Changmugu Medical Technology, or Changmugu, an orthopedic artificial intelligence high-tech company, recently announced the completion of its Series A+ round of financing worth tens of millions of yuan, which was exclusively invested by Lenovo...
Duckbill closes Pre-B with USD 30 mln
Duckbill, or Yazuishou.com, a container truck transportation service platform, announced the completion of its Pre-B round of financing raising 30 million US dollars.
ARCANA raises RMB tens of millions from Series A
ARCANA, a digital intelligence technology company with smart data operation technology as its core, announced the completion of its Series A round of financing worth tens of millions of yuan. This round of financing was jointly led by Lightspeed...
Tingyun closes Series C of RMB 400 mln
Tingyun, an APM application performance management brand in China under Beijing Jidiao Network, has completed a 400 million yuan C round of financing that was co-invested by CICC Capital, Pum Ventures, 99fund.com, GF Securities, and Fengyuan Capital.