Dealmaking in China inches up to $14.7b in Q1 as economic recovery cheers investors
Venture investors have become more selective in deploying their capital, but their willingness to write fat cheques for top companies remains unchange
Huawei-backed chip material maker B&C Chemical hits unicorn status post $87m round
Shanghai-based PE Zhongping Capital and Guokai Technology Venture Investment led the round.
China’s Triniti Capital targets $290m fund to back semiconductor, energy storage firms
The new vehicle comes a year after Triniti Capital held the first close of its third RMB fund.
Kingsoft, Xiaomi set up $1.4b joint fund for chip investments
Xiaomi Wuhan will contribute $434.8 million to the fund.
Sequoia-backed Chinese GPU developer Moore Threads raises $215m in Series B round
The new round marks the fourth funding closed by Moore Threads since its inception in 2020.
China said to be working on $143b package for local chip firms in the face of US curbs
The incentives will come as subsidies and tax credits.
China Deal Review: Investors wrap up 220 deals in Nov, up 23.6% MoM, ahead of lean season
Deal value fell 24% due to a continued shortage of big-sized transactions.
China Digest: Flexi Group to merge with SPAC; 3DSEMI raises $24m
Flexi Group plans to merge with TG Venture Acquisition and list on the Nasdaq.
Chinese chip industry player DJEL raises $140m in fresh funding
DJEL intends to use the net proceeds in new product R&D.
China Deal Review: A $2.5b megadeal props up startup fundraising in October
EV startup GAC AION's Series A deal accounted for half of the month's $5.1b deal value.
