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A new model of state capital is taking root in China—one that’s redefining how venture capital works, from funding mechanics to policy alignment.

Beneath the bureaucracy: How state capital made (and remade) China’s venture ecosystem

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36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

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Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Deals in brief: Wavemaker Impact leads Arysun’s pre-seed round, Nuevocor raises USD 45 million, latest funding deals in China, and more

An alias used when humans and machines team up in our newsroom. Articles under this byline may be shaped with the help of AI, but are always vetted by a human before publication.

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The guidelines aim to reduce the likelihood of scandals and help firms prepare for exits.

Southeast Asian VCs move to set startup governance standards

As part of 36Kr’s ongoing partnership with Nikkei, you can read selected content from Nikkei Asia on KrASIA.

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What medical tools shape care delivery? Assess medical devices, diagnostics, and digital services refining patient treatment.

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Medtech | KrASIA

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It's the biggest funding round secured by a check-up service provider to date. Etong Healthcare aspires to become a Meituan- or Ctrip-like company in the healthcare industry.

Deals | Time for Public Hospitals to Embrace the Internet, Healthcare Platform Etong Healthcare Nabbed $30 M

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An easy-to-use home sperm tester that works on most smart phones.

Deals | Perfect Timing for A Perfect Baby, Bemaner Tester Tells How Healthy is Your Tadpole

SoftBank is a global tech investor fueling startups, telecommunications ventures, and AI-driven innovations across international markets.

SoftBank

The financing was led by SB China Capital (SBCVC), with contributions from CDBI Partners, Delian Capital, as well as existing investors Zhen Fund and Matrix Partners China.