06:52 PM
QingSong Health (Chinese: 轻松集团·轻松健康), a leading Chinese online health insurance technology platform, joined hands with ByteDance's cloud service Volcano Engine, to implement the first AIGC-based doctor-patient interaction application. With the aim of building a comprehensive and solid "protective cover" for each family, QingSong Health has established a trusted set of whole lifecycle health management system, tackling the aging of the population. The launch of this AIGC audio and video doctor-patient interaction application will further optimize the experience of doctor-patient interaction in social security, medical care, and nursing care for elderly people. Volcano Engine provides intelligent solutions owing to ByteDance and helps with the implementation of the launch.
11:24 AM
Sobot Technologies (Chinese: 智齿科技), a Beijing-based customer service software provider, held a strategic summit on April 20 with the theme of “New Contact Makes the World Borderless” in Shenzhen. Yi Xu, co-founder and CEO of Sobot Technologies, officially launched the "3I-strategy", that is , integration, intellectualization and internationalization. The company also completed the brand upgrade with a brand new logo. Founded in 2014 and headquartered in Beijing, Sobot Technologies positioned itself as a software-as-a-service (SaaS) company, whose key offering is in-house developed customer contact solutions. Up to now, Sobot Technologies has established cooperation with OPPO, TINECO, HP, OPAY, DFS, Blued and a slew of other top clients.
12:34 PM
BGI Genomics (300676:SH) disclosed its annual report on March 30, with a revenue of CNY 7.046 billion in 2022, up 4.14% year on year and a net profit of CNY 803 million, down 45.06%. Basic earnings per share (EPS) is CNY 1.96. The profit distribution plan approved by the Board of Directors is as follows: a cash dividend of CNY 10 (including tax) for every 10 shares to all shareholders based on 413,914,325 shares, a bonus of 0 shares (including tax) and an increase of 0 shares for every 10 shares to all shareholders from the capital reserve.
09:33 AM
Chinese tech giant Tencent wants to sale its wholly owned subsidiary Sanook Online, a leading Thai web portal, sources said. Sanook started in 1998 as a Thai-based web directory and gradually developped into an all-inclusive entity with businesses ranging from web portal (Sanook.com), news portal (NoozUp), music-streaming (JOOX), IM (WeChat), and e-commerce (Sabuy). Previously in 2016, Tencent has branded it to Tencent (Thailand). Sanook's revenue continued to recover from THB 118 million in 2020 to THB 190 miilion in 2022, with a stable monthly-active-user (MAU) at 30 to 40 million. Moreover, the loss in the past 2022 was THB 19 miilion, due to a higher shared cost allocated to Sanook due to JOOX termination. However, 2023 is expected to be profitable, sources said.
04:32 PM
Amazon CEO Andy Jassy said in a memo to employees today that Amazon will further lay off more than 9,000 employees in the next few weeks, according to Sina Finance. This layoff is based on the previously announced major layoffs. In November last year, Amazon announced layoffs of more than 18,000 people, which lasted until January this year. Jassy said in a memo today that the latest round of layoffs will mainly affect Amazon's cloud computing, human resources, advertising, and Twitch live broadcast business units.
04:29 PM
On March 20, TikTok CEO Zhou Shouzi stated before attending a hearing of the U.S. House of Representatives Energy and Commerce Committee this Thursday that TikTok has 150 million monthly active users in the United States, which is higher than the 100 million monthly active users announced in 2020. TikTok disclosed that it had more than 1 billion monthly active users worldwide in September 2021.
02:16 PM
Xia Heng, has resigned as Xpeng's executive director and manager again on March 16, replaced by He Xiaopeng, sources said. Earlier this month, Xpeng (9868:HK) has denied rumors that two of the Chinese new energy vehicle’s co-founders would be impacted by the recent string of departures by senior executives. Data from Qcc.com (Chinese: 企查查) shows that since 2023, Xia Heng has stepped down from many key positions in Xpeng affiliated companies.
02:15 PM
Tanovus (Chinese: 碳佳科技), a new energy battery anode innovator, announced the completion of a Pre-A round of financing of tens of millions of CNY exclusively led by IDG Capital. Proceeds raised in this round will be used to accelerate the layout of the trial production line and promote its mass production and commercialization. According to Tanovus, the company has been swiftly bringing the next generation of battery electrode materials to the commercial market to make a significant positive impact.
10:59 AM
Maplesemi (Chinese: 美浦森), a company producing power device products designed for consumer electronics, industry and new energy, announced the completion of a Series A+ financing round worth tens of millions of CNY. This round of financing was invested by Z&Y Capital (Chinese: 卓源资本). This round of financing will be mainly used for product development and upgrading.
10:53 AM
Audfly (Chinese: 苏州清听声学科技), a leading innovative acoustic technology company in China, announced that it had raised nearly CNY100 million in a Series B financing round. The investment was led by SND Group(Chinese:苏高新集团) and Bohai Securities(Chinese:渤海创富), followed by the existing shareholders from the previous round. Proceeds from this round will mainly be used to build Focusound Screen® production lines, various laboratories and other facilities, develop product categories in the consumer and intelligent cockpit fields, and accelerate the release of consumer end products under its own brand.
10:45 AM
Wicue(Chinese: 唯酷光电), a company of liquid crystal film technology that provides natural darkening and heat control to glass surfaces, recently announced the completion of nearly CNY 200 million in Series C+ financing. This round of financing was led by Joy Capital (Chinese: 愉悦资本).
10:36 AM
Recently, I-KINGTEC (Chinese: 云圣智能), a Developer of intelligent industrial drone and UAV systems, announced its completion of Series C+ round financing, led by China Internet Investment Fund (Chinese: 中国互联网投资基金). The funds raised will be used to boost the company's production.
10:34 AM
In January, Em-Data Technology (Chinese: 眼控科技) announced its completion of strategic financing amounting to hundreds of millions of CNY, co-invested by Hua Ventures (Chinese: 恒信华业), XuGong Capital (Chinese: 徐工投资), Nanjing Zhongyiren Investment Limited Company (Chinese: 南京中益仁投资)and more. The funds raised will be used for the company's talent acquisition in product R&D activities, market expansion and talent recruitment.
11:10 AM
Brain-computer technology leading company We-Linking (Chinese: 微灵医疗) announced the completion of a CNY 10 million Angel Round, which was co-led by BlueRun Ventures (Chinese: 蓝驰创投) and CDH Investments (Chinese: 鼎晖投资), followed by Naton Group (Chinese: 纳通科技集团) and Future Light cone (Chinese: 未来光锥). Founded in 2019, We-Linking is a medical technology company dedicated to the R&D of implanted medical brain-computer interface system. Headquartered in Shenzhen, We-Linking has built the R&D center in Shenzhen, clinical research and data center in Beijing and Suzhou, and subsidiary in Maryland. It is a global leading enterprise mastering the full-chain implanted brain-computer interface self-developed technology.
10:07 AM
Medical Technology Company NeuroFlag (Chinese: 华神生电) announced that it had completed an Angel Round, which was led by TusStar (Chinese: 启迪之星创投), followed by Wuxi Cenglin (Chinese: 无锡层林). Proceeds raised in this round will be used to accelerate the R&D process of its first pelvic surgery monitoring equipment, strengthen the development of intraoperative neurophysiological monitoring, and further expand the R&D team. NeuroFlag was founded by Professor Liu, the global leader in intraoperative neurophysiological monitoring, and Doctor Liu in Beijing Tiantan Hospital, who has received MD–PhD in neurology. The company is dedicated to develop equipment and consumables applied in intraoperative neurophysiological monitoring, which can maximize the protection of patients’ nerves, and reduce the int
12:51 PM
Rezu Bio (Chinese: 宁康瑞珠) announced the close of a CNY 10 million Series Pre-A funding round, which was led by Riverhead Capital (Chinese: 阳光融汇资本). Riemann Hypothesis (Chinese: 黎曼猜想) acted as the exclusive financial adviser. Proceeds raised in this round will be mainly used in platform building and the promotion of product pipeline development. Rezu Bio has developed a brand-new colon-restricted drug design platform with completely independent intellectual property rights, which can help companies obtain multiple compounds targeting colon targets. Since designed compounds mainly act on local tissues or organs, which can avoid toxic side effects caused by systemic circulation, thereby are safer and more efficient.
12:32 PM
ZD Medtech (Chinese: 卓道医疗) announced that it had completed an over CNY 100 million Series B funding round, which was co-led by Redhill Capital (Chinese: 丹麓资本) and Hengxu Capital (Chinese: 恒旭资本), followed by Shunwei Capital (Chinese: 顺为资本). Proceeds raised in this round will accelerate the process of R&D, market access, and economies of scale in smart rehabilitation solutions field. Founded in 2015, ZD Medtech is a company specializing in the development and application of rehabilitation robots and intelligent rehabilitation solutions. The rehabilitation robots developed based on systematic and multidisciplinary rehabilitation robot technology platform have been applied in nearly a thousand hospitals and institutions across the country.
12:54 PM
BionicM (Chinese: 健行仿生) has raised an over CNY 10 million financing, which was led by NEC’s subsidiary NVenture Capital, followed by Shinsei Corporate Investment, UTokyo Innovation Platform, Kiraboshi Capital, Chiba Bank Capital, AIS CAPITAL, and individual investors former Anker Japan CEO, and EPS Chairman. Proceeds will be mainly used in three aspects: firstly expand the sales of smart powered robotic prosthesis: Bio Leg and Cybo Leg, then develop the next-generation smart powered robotic prosthesis and start the research of sensor and auxiliary technology in gait, lastly accelerate the business growth and improve organizational structure. BionicM is an international smart wearable robot company dedicated to powering mobility for handicapped and non-handicapped by fusing robotics technol
04:13 PM
Harvest & JD Storage Logistics REIT (Chinese: 嘉实京东仓储物流封闭式基础设施证券投资基金, SH: 508098) debuted on the Shanghai Stock Exchange yesterday, raising CNY 1.75 billion (USD 260 million). Its price saw a huge leap of 11.64% on the first trading day, closing at CNY 3.92. Harvest & JD Storage Logistics REIT, founded on January 11, 2023, and managed by Harvest Fund (Chinese: 嘉实基金), is the first real estate investment trust in China issued by a privately owned company. Assets of the REIT include three logistics parks owned by JD in Langfang, Hebei province, Wuhan, Hubei province, and Chongqing.
11:44 AM
MacroLux (Chinese: 星辰海) announced that it had completed a nearly CNY 100 million Series A funding round, which was led by Legend Capital (Chinese: 君联资本) and followed by Dalton Venture (Chinese: 道彤投资). After this financing, MacroLux will accelerate to provide more solutions that meet global clients’ needs. Founded in 2020, MacroLux is a medical technology company providing innovative solutions for interventional endoscopic therapy. Endoscopic therapies has become highly important in many diseases such as digestion disease, respiratory disease, and urology disease. Single-use electronic endoscope has higher efficiency, lower costs than traditional endoscope, and can avoid cross infection. So MacroLux is dedicated to the product development and technology innovation of single-use endoscope.