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Orienspace, a commercial aerospace technology company, announced on Friday that it has recently completed A-round financing totaling 400 million yuan ($59.9 million).
In last week’s VC news, AI application company Singularity Systems closes A+ round of financing, streetwear retailer Knowin secures several hundred million yuan in a round led by Alibaba, and more.
Foreigners in China will see single transaction limits raised to $5,000 and annual transaction limits increased to $50,000.
AIForceTech, an agricultural autonomous driving enterprise, announced on Tuesday that it had secured investment through an A+ round of financing.
Uniner Technology, a cloud-native robotic process automation (RPA) manufacturer, has secured round-A financing, jointly led by Sky9 Capital and Haochen Capital.
Quanzhi Tech, a Hangzhou-based data security company, announced on Friday that it had completed a B round of financing in which it secured several hundred million yuan.
BackRobo Wellness, a manufacturer of smart health products in China, has secured 60 million yuan ($9.4 million) in round-A financing, mainly from Costone Capital.
Inssent, a Beijing-based SaaS provider, has completed a series A+ round of financing garnering tens of millions of yuan, led by Poly Capital and an industrial fund.
Yowu, an electronic brand designed for Gen Z consumers, completed a Pre-A round of financing worth tens of millions of yuan.
Beijing-based X-MAGTECH announced on Thursday its completion of an A round of financing totaling over 100 million yuan ($15 million). This round of financing was led by existing shareholder IDG Capital.
Tungee, one of the leading companies in the fields of intelligent sales SaaS in China, announced the completion of a B+ round of financing valued at 300 million yuan ($47.14 million).
Hygon Information Technology Co., Ltd., a leading CPU company based in China, on August 12 was listed to Shanghai's STAR Market.