Startups

Microsatellite Maker Spacety’s USD22.15 Million Series-B Reaches Orbit

Microsatellite Maker Spacety’s USD22.15 Million Series-B Reaches Orbit

Spacety, a commercial microsatellite developer, recently secured CNY150 million (USD22.15 million) in its series-B financing. Proceeds will go to the…

Jul 20, 2018
Tang Shihua
Xiaomi Fintech Unit Fumi Technology Closes USD30 Million Round-B Funding

Xiaomi Fintech Unit Fumi Technology Closes USD30 Million Round-B Funding

Hunan province-based Fumi Technology, a financial technology startup incubated by mobile phone behemoth Xiaomi, announced yesterday that it has pooled…

Jul 20, 2018
Dou Shicong
Taimi Bags Biggest Ever Investment in Medical Robot Sector

Taimi Bags Biggest Ever Investment in Medical Robot Sector

Taimi Robotics Technology has bagged CNY200 million (USD29 million) in B-round financing, marking the largest single investment in the medical robot market to date.

Jul 17, 2018
Tang Shihua
China's E-Contract Verifier 51Signing Raises Funds to Leverage Blockchain

China's E-Contract Verifier 51Signing Raises Funds to Leverage Blockchain

China's digital contract signing platform 51Signing Technology has raised its second round of funds toward enhancing its blockchain technology and customer service.

Jul 13, 2018
Tang Shihua
Chinese Live Streamer Inke Debuts on Hong Kong Bourse

Chinese Live Streamer Inke Debuts on Hong Kong Bourse

Chinese live streaming platform Inke has made its debut on the Hong Kong Stock Exchange just three years after the company was formed.

Jul 13, 2018
Liu Jia
iSpace to Focus On Launch Vehicle R&D After Closing New Funding

iSpace to Focus On Launch Vehicle R&D After Closing New Funding

Chinese private space startup iSpace Technology has closed series-A funding led by Matrix Partners China and will use proceeds for research…

Jul 3, 2018
Xu Wei
OptimumNano Energy Halts Shenzhen Operations to Save Costs

OptimumNano Energy Halts Shenzhen Operations to Save Costs

Shaanxi J&R Optimum Energy subsidiary Shenzhen OptimumNano Energy, a supplier of new energy vehicle batteries, which is mired in a…

Jun 29, 2018
Xu Wei
Fulgent Biotech, Japan’s Towako Group Pair to Produce Fertility, DNA Tech

Fulgent Biotech, Japan’s Towako Group Pair to Produce Fertility, DNA Tech

Shanghai Fulgent Biotech has struck an agreement with Japan’s Towako Group Shanghai to collaborate in genetic testing and devising reproductive…

Jun 29, 2018
Liao Shumin
China's Tunghsu Azure to Invest USD2.3 Mln in Blockchain Firm to Trade Energy

China's Tunghsu Azure to Invest USD2.3 Mln in Blockchain Firm to Trade Energy

China's Tunghsu Azure Renewable Energy will invest CNY15 million (USD2.3 million) in a one-year-old blockchain startup to promote smart technologies in energy management and trading.

Jun 29, 2018
Tang Shihua
China’s Car-Sharing Operators Overtake Bike Firms to Bag Biggest Funds

China’s Car-Sharing Operators Overtake Bike Firms to Bag Biggest Funds

China's car-sharing sector has replaced shared bikes to become the biggest target for investment.

Jun 29, 2018
Wu Ziye
China's NIO Among Smart Garage-Maker AIpark's B-Round Investors

China's NIO Among Smart Garage-Maker AIpark's B-Round Investors

China's smart parking operator AIpark has raised hundreds of millions of Chinese yuan in its latest round of financing to tap congested cities' demand for parking space with lower operating cost.

Jun 28, 2018
Dou Shicong
Chinese B&B Chain Youjia Homestay Raises Tens of Millions of Dollars From Ctrip, Others

Chinese B&B Chain Youjia Homestay Raises Tens of Millions of Dollars From Ctrip, Others

Youjia Homestay, a Chinese bed & breakfast chain founded in February, has raised tens of millions of dollars from investors…

Jun 27, 2018
Le Yan

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