Jack Ma decreases shareholding in Ant Group's employee shareholding entity

On August 21, Hangzhou Yunbo Investment Consulting Co., Ltd., as Ant Group's employee shareholding entity, had an industrial and commercial change, with Jack Ma's shareholding in the company dropping from 100% to 34%, Tianyancha App showed.

2020-08-23
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Roy Li

D2M Biotherapeutics completes $10 million Pre-A round of financing

D2M Biotherapeutics, a tumor immunological drug developer, recently completed a Pre-A round of US$10 million in financing led by Apricot Capital (Shanghai).

2020-08-23
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ChinaPEVC

World's first new energy UHV transmission channel starts operation

As of the 21st, the world's first large UHV power transmission channel mainly for the transmission of new energy, which is called Qinghai-Henan ±800 kV UHV DC Project, has delivered 1 billion kwh of green power to Henan, with an average daily power...


China Securities ranks first in underwriting sponsorship revenue this year

As of August 23, 244 companies have completed IPOs and listed publicly this year, with a total initial fundraising total of 289.748 billion yuan. Both the number of IPOs and the actual fundraising scale have exceeded that of last year.

2020-08-23
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ChinaFinance

Yitu Tech business scope adds medical equipment sales and value-added telecommunications services

Shanghai Yitu Network Technology (Yitu Tech) has undergone many industrial and commercial changes recently, according to Tianyancha APP.


Yunda Holding to set up multi-phase asset-backed special plan

Yunda intends to establish a multi-phase asset-backed special plan, which will be backed by the underlying assets of the warehousing and logistics infrastructure held by its wholly-owned subsidiaries.


Qunar.com's OBOR headquarters settled in Chongqing

On August 21, the Chongqing Municipal Government, Chongqing Economic and Technological Development Zone and Qunar reached a cooperation.

2020-08-23
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Roy Li

Guangdong's game industry revenue exceeded 100 billion in first half of 2020

On the 20th, Lu Xiaokun, executive chairman of the Guangdong Game Industry Association (GEGIA), announced the relevant data of the game industry developments in Guangdong Province.

2020-08-23
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ChinaTech

Dizal Pharma receives US$100 million in Series A financing

Recently, Dizal Pharma announced the completion of a US$100 million Series A financing for the research and development of small molecules.

2020-08-23
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ChinaMedical

Data center operator China Data Group completes a new round of financing

Recently, the hyperscale data center operator China Data Group completed a new round of financing. This round of IPO financing was led by Country Garden Ventures, with participation from the Dutch long-term investment fund APG and South Korean...

2020-08-23
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ChinaPEVC

NIO launches battery rental service, RMB 980 per month

On August 20, NIO Automobile launched battery rental services, or BaaS, which could save buyers 70,000 yuan immediately while purchasing a NIO automobile.

2020-08-23
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Lynn Lin

Chinese consumer finance companies have served 140 mln people: association

Recently, the China Banking Association (CBA) has released the 2020 year report of the development of China consumer finance companies, which shows that as of the end of June in 2020, there are 26 consumer finance companies in China, with assets worth...


Huifu.com invests in Acewill for digital upgrade of catering business

On August 20, Huifu.com announced a strategic investment in Acewill which led to further strategic cooperation between the two parties. The investment will be used for accelerating the digitalization of Acewill’s catering business.

2020-08-23
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Lynn Lin

Fresh food e-commerce platform Dingdong Maicai expands business to Nanjing City

Dingdong Maicai, a fresh food e-commerce platform in China, has officially settled in Nanjing, adopting the service mode of ordering on the Dingdong Maicai App and then fresh food delivered to door in 29 minutes.


Shuidichou closes RMB 230 mln Series D led by Swiss Re-insurance and Tencent

On August 20, Shuidi announced the completion of its Series D round of financing, taking in 230 million yuan. The investment was jointly led by Swiss Re-insurance Company and Tencent. Former investors including IDG Capital and Light-Up Capital followed suit.

2020-08-23
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Lynn Lin
China SDG