AI Content Generator ZMO.AI Raises USD 8Mn in Series A Round, Hillhouse Leads

It is expected to reduce the cost of getting products on the shelf by up to 20%.

FAW-Volkswagen to Hike Prices of ID. CROZZ Models on May 23

Shen Yanan, the president of Li Auto, said that the soaring cost of raw materials is to blame for higher new energy car prices.

Healthcare Managed Service Provider Boyuan Health Nets Tens of Mns of CNY in Angel Round

Boyuan Health provides one-stop home healthcare services, covering maternity care, chronic disease care, child care (0~24 months), elderly care and escort services.

ByteDance to Adjust Branding and Investment Proportion of Jinqiu Venture Capital

The firm has new plans for its capital venture Jinqiu Ventures, by rebranding and changing the investment ratio.

Sirius Medtech Raises Tens of Mns of CNY in Pre-Series A Round

Founded in 2019, Sirius Medtech, a medical device firm, will accelerate its R&D progress in the interventional treatment of pulmonary embolism and congestive heart failure.

Xiaomi’s Net Profit Fell by 52.9% YoY

Xiaomi’s Q1 2022 Financial Report indicated the global smartphone market’s condition. Whether Xiaomi’s new research on smart electric vehicles can succeed or not had caught huge attention due to the high cost of the early-stage research.

Doyu’s Net Loss Fell by 25.7% in Q1 2022 Compared with Q1 2021

Doyu’s net revenue fell in a relatively stable and reasonable range. The net loss was significantly narrowed compared with the past year.

Policy Rumored to Boost Vehicle Sales in Rural China

The policy, if it turns out to be true, will not only improve the car sales in China, but also benefit the whole industry.

Nucleic Acid Drug CDMO Olipharma Raises Tens of Mns of CNY in Pre-Series A Round

As a new way to treat diseases, gene therapy has higher R&D investment and risk than biochemical drugs. Both pharmaceutical giants and start-ups tend to collaborate with outsourcing service providers, which brings business opportunities to cell and gene therapy contract development and manufacturing organizations (CDMOs).

China Live Streaming Giant Huya Net Income Plunges by 82% Amid Regulatory Headwinds

The effect of China’s tighter rules on the live-streaming sector started to take shape.

Self-Driving Solutions Provider PhiGent Robotics Closes Series A at USD 30 Mns

PhiGent Robotics is accelerating its industrial expansion and commercialization with the fresh funding.

Chinese Biotech Startup Laekna Therapeutics Nets USD 61 Million in Series D Round

As a clinical-stage biotech company, Laekna has attracted several top investment institutions in the healthcare field.