China

Top Chinese car-sharing company Gofun closed its first fundraising round since 2017.

Founded in 2015, Fourier sells physical rehabilitation equipment and robots to hospitals, rehabilitation centers, and research institutes.

The transaction volume in Chinese cross-border e-commerce reached USD 1.2 trillion last year, up 13.09% YoY.

China’s National Social Security Fund is the biggest external institutional shareholder of Ant Group.

ByteDance said that it is considering to spin off some businesses for standalone listings, but that has yet to be finalized.

The company will use new funds to build e-sports facilities and roll out short video e-sports content, among other initiatives.

The Aqumon app, which has been downloaded 100,000 times, offers access to low-cost ETF portfolios.

Lufax’s initial public offering would become one of the biggest by a Chinese company in the US this year.