Kairous Capital, a venture capital firm headquartered in Malaysia, has signed two Memoranda of Understanding (MoU) with Digital Way Group and China Silk Road Group to establish the Malaysia-China Digital Cooperation Council (MCDCC) and the Malaysia-China Digital Cooperation & Development Fund. The MCDCC aims to promote long-term collaboration between Malaysian and Chinese companies in technology […]

Chinese e-commerce SaaS platorm Dianxiaomi has raised $110 million in Series D funding led by SoftBank Vision Fund 2 and Sequoia China, with participation from Tiger Global Management, GGV Capital, and Huaxing Growth Capital. This brings the company’s total funding in 2022 to $210 million. Proceeds from the round will be used to further expand […]

Singapore impact investor ABC Impact has led a $42 million Series D fundraising round in Da Mi & Xiao Mi, a provider of therapy and rehabilitation services in China for children aged between 3 and 12 years old with Autism Spectrum Disorder (ASD). Private equity and venture capital firm Grand Flight Investment also participated in […]

Chinese venture capital firm Qiming Ventures Partners announced the closing of its latest funds totalling $3.2 billion. The funds include USD Fund VIII at $2.5 billion and the first closing of RMB Fund VII at RMB4.7 billion ($700 million). As in prior funds, Fund VIII was oversubscribed and reached its hard cap for limited partner […]

Chinese artificial intelligence-based startup that specializes in intelligence text recognition and processing services has secured US$92 million (580 million yuan) in its Series C funding round. The funding round was joined by a portfolio of investors including China Merchant Securities, CITIC Securities, Legend Star, GF Securities, Xiang He Capital, Sunshine Insurance, technology-focused Advantech Capital and […]

Dianxiaomi, the parent company of BigSeller, Southeast Asia’s ecommerce enabler, has raised US$100 million in its Series C financing round led by Huaxing Growth Capital and Tiger Global Management along with participation from existing investors CDH Investments, GGV Capital, and Gaorong Capital. Dianxiaomi plans to use the fresh funding for product development, talent acquisition, service […]

China-based startup Beijing Hongsong Online Technology that operates social networking platform for the elderly ‘Hongsong’ has raised US$100 million in funding in its Series A+ round led by Bertelsmann Asia Investments. The funding round was joined by its existing investors CCV, Matrix Partners China, and BlueRun Ventures. The latest funding comes at the backdrop of […]

The less-than-truck-load logistics startup ZTO Freight owned by Chinese delivery group ZTO Express has raised over US$300 million in a Series B funding round to strengthen its market position. ZTO Freight did not disclose its investors for the funding round, however, its earlier investors included Chinese asset manager CDH Investments, Sequoia Capital China, and Yunfeng […]

Nanjing-based biotech startup Singleron Biotechnologies has recently raised nearly $100 million in an oversubscribed Series B round led by a healthcare industry-focused investment firm, Lake Bleu Capital. The funding round saw participation from new investors MSA Capital and Firstred Capital along with returning investors-Lilly Asia Ventures, SBCVC (SoftBank’s China arm), CDH Investments, Sherpa Healthcare Partners, […]

China’s auto-chip startup Black Sesame Technologies has recently announced that it has raised “hundreds of millions of dollars” from Xiaomi Corp and other investors as the country fast-tracks the development of its semiconductor industry. Black Sesame Technologies said that its valuation is nearly $2 billion after this funding. Led by Hubei Xiaomi Yangtze Industrial Fund […]