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Xiaopeng expects to raise another $300m

The electric vehicle producer is adding $300m to an initial $500m in series C-plus funding as the Alibaba, Foxconn, UCar and Xiaomi-backed company gears up for a US listing.

Aug 3, 2020

Tongcheng Life links up with Linlinyi

Bertelsmann, Joyy and Tencent-backed group buying platform Tongcheng Life has joined forces with Suning-backed peer Lininlyi in a deal that involved a nine-figure dollar investment.

Aug 3, 2020

Stic Investments to kick $200m over to Grab

The private equity firm will join investors in the on-demand ride service including SoftBank, Toyota, Hyundai, Kia, Qunar, Booking.com, Central Group, Yamaha, Microsoft, Didi and Ping An.

Aug 3, 2020

SinoHytec sets sights on $193m IPO

The Tunghsu, ZGC and BAIC-backed hydrogen fuel engine producer has reportedly raised at least $67m of the $193m target for its initial public offering.

Aug 3, 2020

Jiemian-Cailian sails to series C stage

The corporate-backed financial news and data provider secured $71.5m from backers including Xu Hui Guo Tou and China Internet Investment Fund.

Aug 3, 2020

Buildots broadcasts $16m in funding

Tidhar Construction and Innogy Ventures have both invested in the building imaging software startup, which has revealed seed and series A rounds.

Aug 3, 2020

Solvay commits to second China fund

Solvay Ventures is among the limited partners for the advanced materials-focused Richland Capital Fund III following a contribution to a similar vehicle for Longwater Investment.

Aug 3, 2020

Corporate venturing deal net: 27-31 July 2020

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Jul 31, 2020

Li Auto charges onto public markets with $1.1bn IPO

Meituan Dianping and Bytedance were among the shareholders that committed to investing $380m in a concurrent private placement.

Jul 31, 2020

CoinEx issues $50m fund

The fund will invest in companies developing products and services within the cryptocurrency exchange’s ecosystem.

Jul 31, 2020
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