NewsCHINA BRIEF | Consumer finance platform Qudian invests USD 100 million in luxury e-commerce firm SecooThis investment will give Qudian a 28.9% stake in Secoo. 1 min read
Aishu serves clients such as Bank of China, Xiaomi, and Coca Cola. NewsData protection firm Aishu raises USD 35.2 million amid China’s push to build new digital infrastructure1 min read
The acquisition of RHK, which builds rehabilitation departments for hospitals and trains staff to operate them, can help Fourier net new clients. NewsCHINA BRIEF | Rehabilitation robot maker Fourier Intelligence acquires RHK Healthcare1 min read
The firm plans to list under the symbol “DADA” on the Nasdaq Stock Exchange. NewsCHINA BRIEF | Online grocery delivery firm Dada Nexus to raise up to USD 280.5 million in US IPO1 min read
New funds will be used to mass produce products and expand their applications. NewsCHINA BRIEF | Industrial drone maker iKingtec secures USD 25.3 million in Series B round1 min read
New funds will be used to build warehouses nationwide, expand delivery capabilities, and improve the company’s supply chain. NewsCHINA BRIEF | Group-buying platform Nice Tuan scores USD 81.4 million investment led by GGV1 min read
Silicon Integrated will use the fresh cash to mass-produce chips for 3D imaging and audio amplifiers. NewsCHINA BRIEF | Wuhan-based chip design startup closes USD 25.3 million Series B round1 min read
ByteDance has gained a 15% stake in Lanxiong, which has most of its stores in northern China. NewsCHINA BRIEF | ByteDance invests in chain store for hotpot ingredients1 min read
The press conference will be held in the form of videoconference and livestreamed via a mini app on WeChat, also broadcast live by state media CCTV. NewsCHINA BRIEF | Chinese Premier Li’s Two Sessions press conference to go online to safeguard public health1 min read
