Shunwei Capital
The promise of STEAM robots, which are billed to increase children’s interest in science, technology, engineering, arts and mathematics (STEAM), has been around for years. The market is teeming with…
China’s logistics robot maker VisionNav raises $76M at $500M valuation
Industrial robotics has in recent years become one of the hottest tech sectors in China as the country encourages the use of advanced technology to enhance efficiency on the production…
China’s augmented reality startup Nreal is on a roll. The company, which hopes to bring AR to the masses by making bright-color, lightweight smart glasses, has just received $60 million in…
China’s EV upstarts are building their own investment powerhouses
The investment game going after automotive startups is getting more competitive in China with not only established venture capital firms joining the fray but also industry veterans. Two mobility-focused funds…
Shein overtakes Amazon as top shopping app on US app stores
Shein‘s quiet rise has reached a crescendo as the fast fashion e-commerce app takes the crown from Amazon as the No.1 app in the shopping categories of iOS and Android…
Hong Kong logistics unicorn Lalamove unveils foray into the US
Lalamove, an on-demand logistics service active in China, Southeast Asia and Latin America, has officially entered the U.S. seven years after launch. As the COVID-19 pandemic keeps millions of Americans home,…
Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round
Once known for its affordable smartphones, Xiaomi has in recent years been transforming itself into an online mall for consumer electronics by making deals and building relationships with hundreds of…
Late last week a Chinese company called Kingsoft Cloud filed to go public in the United States. There are a few questions to answer.
7-month-old Simsim secures $16M for its social commerce in India
Simsim, a social commerce startup in India, said on Friday it has raised $16 million in seven months of its existence as it attempts to replicate the offline retail experience…
India’s Meesho raises $125M to expand its social commerce business
Meesho, a Bangalore-based social commerce startup, has raised $125 million in a new financing round to expand its business in the country and change the way millions shop online. The…
iSpace becomes the first private Chinese company to launch satellites to orbit
With a successful launch from the Gobi Desert blasting off at around 1:10 PM Beijing time (1:10 AM ET), Chinese space launch startup iSpace (which, awesomely, is also called StarCraft…
Pratilipi, a ‘YouTube for writers’ storytelling platform in India, raises $15 million
Pratilipi, an app that is uniting writers in India and encouraging others to try their hand at storytelling, has just raised $15 million to expand its network in the nation.…
Startups Weekly: Flexport, Clutter and SoftBank’s blood money
Plus, Pinterest is going public too, Lyft’s IPO is imminent and London is home to the largest pre-seed fund ever.
On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the…
India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means…
IP platform PatSnap picks up $38M from Sequoia and Xiaomi founder’s fund
PatSnap, a Euro-Asian company that offers a patent and R&D platform and services, has pulled in a $38 million Series D funding round led by existing investors Sequoia and Shunwei Capital, the…
India-based used car marketplace Truebil refills its tank with $3M raise
Truebil, a marketplace for selling used cars in India, has closed a $3 million post-Series A funding round from China’s Shunwei Capital. Its $5.5 million Series A was raised in January 2016. Unlike…
Smart Bike Startup Yunmake Gets Series A From Xiaomi Founder’s Investment Firm
Yunmake, a Hangzhou-based smart bike maker, has raised a Series A led by Shunwei Capital, the investment firm led by Xiaomi chief executive officer Lei Jun. The company did not…
