The company plans to use the money to facilitate its proposed offshore restructuring and fulfill its obligations under the USD 180 million settlement with the US SEC.

The company currently operates in the US cities of San Diego and Tucson.

Tencent abandoned plans to acquire iQiyi due to tightened anti-monopoly regulations.

Genki Forest CEO Tang Binsen is a programmer and former gaming executive who is looking to shake up the beverage industry.

WM Motor now operates in a crowded sector packed with recognizable names like Baidu, Xiaomi, and Didi.

The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.

China Venture Roundup Volume 30 covers China’s investment activity from April 5 -11, 2021.

Tencent outspent its Chinese peers on strategic investments last year, now with over 1,200 portfolios under its wings.