15 Chinese Companies to Watch in April 2022 – Tech
Editor's note: We at EqualOcean tracked the major funding rounds or industry events that took place in China’s tech space in April 2022. And the following is a list of deals that we have selected for you, based on a number of criteria including the funding amount, the financial backers, and the segments in which the startups operate.
May 11, 2022 03:35 PM
Fitness Technology Firm Letu Bags CNY 18 Million From Angel Round
Digital service platform for personal training market Letu Technology received a CNY 18 million (USD 2.666 million) angel round from several investors. The funds will mainly be used for business expansion and the R&D of products.
Yesterday 08:20 PM
Aiming Regulatory Easing, Tencent Music's Q1 Revenue Downbeat with Price Rising
China's Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations, but saw its shares join a sector-wide surge on Tuesday as hopes grew for a loosening of regulatory curbs on China's tech giants.
Yesterday 01:01 PM
Co-Working Space Provider Ucommune Experienced Jaw-Dropping Losses
Founded in 2015, the Beijing-based Ucommune (优客工场) is a co-working space provider that creates a large-scale intelligent agile office ecosystem in China. Recently, the company released its second annual report, with net loss reaching CNY 2.163 billion.
Yesterday 12:26 AM