Venture Capital

The EV maker plans to enlarge its on-duty staff to 200 in the coming two weeks.

The fund will invest in around 10-15 companies and write checks worth USD 943,300 to USD 1.3 million.

The paradox of big guys getting big cheques hands-down while financing in general is getting harder to come by in China.

MDI Ventures became the largest multi-fund CVC firm in the country after closing a recent USD 500 million fund.

Amidst a capital winter that befell the technology sector in China last year, consumer-facing brands became the new frontier in investment circles.

The startup aims to become a leading online healthcare platform in China with an ecosystem that includes insurers, pharmaceutical companies, hospitals and drug stores.

From manufacturing to service sector, robots are playing a bigger role in China.

Sequoia’s seventh fund will direct USD 1.35 billion toward startups in South and Southeast Asia.