Today in Guangzhou, WeRide (formerly known as JingChi.ai)—the leading Level 4 (L4) autonomous vehicle (AV) company in China—announced the completion of its latest round of financing. The strategic lead investor for this round was the Renault-Nissan-Mitsubishi Alliance (RNM Alliance). The follow investors included Hanfor Capital, Atop Capital, Johnson Electric, Mr. Xiaopeng HE (Co-founder of XPENG Motors), idinvest Partners, and OceanIQ. Pre-A round investor Qiming Venture Capital also participated in this most recent round of financing. The Beijing-based investment firm CEC Capital served as a financial adviser to WeRide.
Baidu Video completed its B round of financing with the support from institutional investors including Houze Ruyi, Jadex Capital, and Gfund Management. The lead investor was Baidu and the total investment volume was USD 100 million. CEC Capital served as
On the evening of July 3, 2018, Shengxunda (300518.SZ) announced its decision to take a 67% stake in TopFun Technology Co., Ltd. (TopFun) for RMB 502.5 million. On July 20, 2018, the acquisition was approved by the shareholders. CEC Capital served as the
AutocloudPro, an auto parts supply chain service company, announced that it had completed Series C financing of RMB 500 million. The round was led by UCAR Capital. This was one of the largest capital raises in the industry.
February 26, 2018-Codoon, internet sports and social platform, announced that the company has completed series C+ financing. The round was led by FUDING Investment Management and Shenzhen Ronghe Investment, followed by SBCVC.
Youhug Media, a leading TV-and-web series production company in China, has completed a multi-hundred-million RMB in a Series B capital raise.