Chinese Startup Orienspace Launches Gravity-1 Rocket in a Bid for Space
Orienspace, a Beijing-based startup, successfully launched the most powerful rocket developed by the Chinese private sector. The Gravity-1 rocket took ...
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Country: China
GBA Capital Commits $10 B to Catalyze Web3 Startups in Virtual Reality, Metaverse, and NFTs
Chinese venture capital firm GBA Capital has unveiled plans to allocate $10 billion for a Web3 fund with a focus ...
ByteDance’s TikTok Shop Reinvents Itself: Strategic Investment and Collaboration with GoTo’s Tokopedia
ByteDance, the parent company of the popular video service provider TikTok, has agreed to invest in a unit of Indonesia's ...
Shein Prepares for IPO Amid Market Uncertainty and Legal Scrutiny
Fast-fashion giant Shein is preparing for a U.S. initial public offering (IPO), aiming for a valuation as high as $90 ...
Chinese Startup 01.AI Hits $1B Valuation: A Unicorn in Less Than a Year
Chinese startup 01.AI has rapidly emerged as a unicorn in the tech world, achieving this status in less than eight ...
Baichuan’s Billion-Dollar Valuation: Alibaba and Tencent Enter the AI Fray
Baichuan, a Chinese AI startup, has successfully secured $300 million in financing, with Alibaba Group Holding Ltd., Tencent Holdings Ltd., ...
J&T Global Express Plans $13 Billion IPO in Hong Kong, Pared Down from Initial Target
Courier startup J&T Global Express is preparing for an initial public offering (IPO) in Hong Kong to achieve an approximately ...
Promising EV Maker WM Motor Faces Bankruptcy as Challenges Mount
Chinese electric vehicle (EV) startup WM Motor has officially filed for bankruptcy. The Shanghai Third Intermediate People's Court has processed ...
GGV Capital Follows Sequoia’s Lead, Splits in Response to U.S.-China Tensions
Silicon Valley venture firm GGV Capital has decided to split into two separate entities, one focused on Asia and the ...
US Plans Prohibition on Investments in Key Chinese Tech Sectors
The U.S. plans to enact a prohibition on private-equity and venture-capital investments in specific Chinese technology firms as part of ...
China Extends Tax Incentives to Boost Tech Startup Investments and Innovation
China has announced the extension of favorable taxation policies for venture capital firms and individual angel investors investing in tech ...
Alibaba’s invests $845 Million in Lazada
Alibaba has infused an additional sum of USD 845.44 million into Lazada, as reported in a filing by Tech in ...
VentureBlick Raises $2.6M for Two Health Startups, Introduces Medtech Super Incubator
The global healthcare venture platform VentureBlick has secured US$2.6 million in funding for its first two startups. The venture’s goal ...
China’s Ellipspace Receives 100 Million Yuan Funding for Satellite Innovation
Beijing-based technology company Ellipspace has successfully concluded a new financing round, securing 100 million yuan. The funding round was led ...
Adicon plans to raise $52.29 Million in Hong Kong Listing through Global Offering
Adicon, a Chinese diagnostic laboratory company, has announced its plan to raise approximately $52.29 million through a global offering in ...
ByteDance Co-Founder Resurfaces with New Venture in Hong Kong After Two-Year Absence
Zhang Yiming, the co-founder of ByteDance, the parent company of the popular social media platform TikTok, has established a new ...
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