Venture Capital

The company wants to shake up ‘s wealth management sector with innovative investment offerings.

The Special Situations Fund will be a sub-fund for its TNB Aura Fund II.

The robotics firm will use the new funds for product development, supply chain establishment, and commercialization.

Sng established the private investment platform that is financing growth and pre-IPO stage companies and funds.

The company was the top-selling cosmetics brand on Tmall in 2019.

The number of transactions also came down to 126 in the March quarter from 196 deals in Q1 last year.

The company is working on an education service and enterprise search engine based on natural language processing.

The deal makes Yuanfudao the top Chinese online education startup by valuation.