China’s auto parts maker Kasco snaps $72m in a Series B round
The round was led by China Venture Capital and participated by Yonghua Capital and Huoyan Capital, among others.
Chinese quantum computing startup Origin Quantum closes $148m in Series B round
The funding was supported by some of the country's state-backed investors
Chinese EV maker Hozon closes $445m Series D3 round
It is reportedly mulling a Hong Kong IPO that could raise about $1b
Hong Kong-based medical devices maker OrbusNeich rakes in $200m
The transactions were led by Shenzhen Capital Group, together with Red Earth Healthcare Investment Fund.
Chinese biotech startup Ionova secures $100m to advance oncology drug pipeline
Lead investors include Tsing Song Capital, and the Shenzhen Capital Group.
Chinese PE Huagai Capital builds $124m RMB continuation fund for healthcare assets
Huagai has joined a growing list of PE players to set up continuation funds.
China’s state-backed industrial internet platform CASICloud bags $404m
The round attracted 17 investors including ICBC Capital, China Merchants Capital, and Shenzhen Capital.
Xiaomi-backed mobile terminal supplier Longcheer nets $100m in Series B
Longcheer's clients include Xiaomi, Lenovo, and Huawei.
China’s nascent CPU developer Moore Thread enters unicorn club 100 days after inception
Moore Threads plans to use the new proceeds for R&D and early market expansion.
Editor’s take: The week that was — Feb 1-6
Here's a quick recap of the significant developments that unfolded last week.