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Hema is hoping that a premium model relying on higher average order value and greater margins can lead to long-term success in China’s online grocery market.

China Venture Roundup Volume 44 covers China’s investment activity from July 5 to July 11, 2021.

The other “dragons”—Yitu, SenseTime, and Megvii—are in varying stages of their IPO processes.

A slowdown in short-video growth triggers ByteDance’s search for other monetization methods in e-commerce, on-demand services, and healthcare.

Thunes’ services are already available in 110 countries.

PingCap’s open-source database services are aimed at high-growth companies that process massive volumes of transactional data.

Robotaxis are zipping around some of China’s open roads.

Two-year-old simsim has raised a total of USD 16 million to date from investors like Accel Partners and Shunwei Capital.

Simplilearn’s early investors Kalaari Capital, Helion Venture Partners, and Mayfield will exit from their investments.

MDClone has developed a platform to organize and democratize healthcare data in real-time to allow for access, analytics, and research, without infringing upon patient privacy.