Category: News

Chinese Co-working Giant Ucommune Files For US IPO

This article by Emma Lee originally appeared on TechNode, the leading English authority on technology in China. Ucommune, China’s largest co-working space operator, filed with the US securities regulator on Wednesday for a listing on the New York Stock……


Huawei Unveils Its Latest 5G Full-Series Solution

Edward Deng, president of Huawei’s wireless solutions, unveiled Huawei’s latest 5G full-series solution at the 2019 Global Mobile Broadband Forum. The world’s first wave of 5G commercial networks utilizing either C band or 2.6 GHz ban……


Crypto.com Lists TomoChain (TOMO)

Best place to purchase TOMO at true cost with zero fees and markups
HONG KONG, Oct. 16, 2019 /PRNewswire/ — Crypto.com, the pioneering payments and cryptocurrency platform, announced today that…
Crypto.com Lists TomoChain (TOMO) comes originally fro……


European Private Equity Firm Permira closes Permira VII At $12B

Permira, the global private equity firm, announces that it has held a final closing for its latest buy-out fund Permira VII (P7) on Wednesday, reaching its hard cap with total commitments of €11 billion (US$12 billion). P7 will follow Permira’s long-te……


Sequoia China Leads $14M Series A Round In Chinese AI Start-up InfiMind

InfiMind, a Chinese artificial intelligence (AI) start-up focusing on fashion and retail industries, has raised about RMB100 million (US$14.12 million) in a series A round of financing led by venture capital firm Sequoia Capital China. Chinese venture ……


Chinese Online Fresh Grocery Market Benlai Group Raises $200M In Series D1 Round

Beijing-based online fresh grocery market Benlai Holding Group has raised US$200 million in a series D1 round of financing led by Shenzhen Mingde Holdings Development Co., Ltd., the largest shareholder of Chinese logistics giant SF Group, according to ……


US Government Adds 28 More Chinese Firms Into Its Entity List

The U.S. Department of Commerce said on Monday that it has added 28 Chinese organisation into its so-called Entity List, restricting its ability to do business with American firms. The move is announced just days before a trade negotiation that high-le……


Shenzhen Capital Group Leads $28M Series B Round In Biotech Hrain Biotechnology

Shanghai-based oncotherapy-focused firm Hrain biotechnology Co., Ltd. announces on Monday that it raises RMB200 million (US$28 million) in a series B funding round led by venture capital firm Shenzhen Capital Group (SCG). Biomedicine-focused venture ca……


Chip Designer Arm And Huawei’s Partnership Unaffected By US Restrictions

UK-based chip designer Arm confirmed its long-term partnership with Huawei and its semiconductor subsidiary HiSilicon despite U.S. restrictions on Huawei, said Rene Haas, president of Arm’s IP products group on Wednesday at an event in Shenzhen, accord……


Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown

The Chinese authority has clamped down another domestic cryptocurrency project, shutting down the office of the popular and once well-funded “GXChain,” which counts Chinese bitcoin tycoon Li Xiaolai and early-stage investment firm ZhenFund among its sh……