Stephanie Li
Stories by Stephanie Li
10 startups that beat all odds to enter unicorn club in China in 2024
Despite a tough market, a slew of startups roped in investors for large rounds.
Changan Automobile’s commercial vehicle arm snaps $285m in Series A round
Kaicheng recorded an unaudited net loss of around $3.2m in the first nine months of 2024.
BAIC-backed Chinese EV maker secures $1.39b in strategic financing
The new financing consists of two tranches.
Huaneng Renewables bags $2b in one of China’s major green energy deals
The proceeds will help the company speed up green energy transformation.
Qiming-backed robotruck maker DeepWay bags over $102m in Series B
The firm bagged $111.8 million in its Series A+ financing round in March 2023.
Chinese EV brand IM Motors raises $192m in fresh Series B round tranche
The battery EV maker had raised $1.1b in the first tranche of the round in March 2024.
Asia’s first-time GPs endure coldest fundraising winter
Only 41 Asian first-time managers hit their final close, raising $2 billion in 2024.
Hohem closes Series B round and 25 Greater China deals worth around $1.4b
The smartphone gimbal maker has raised $14m led by Shunwei Capital and Legend Capital.
Alibaba Entrepreneurs Fund’s $150m new AI-focused vehicle hits first close
Besides anchor sponsor, AEF, the new vehicle has roped in external limited partners