Autonomous driving startup Uisee attracts Chinese state investor in $150M round – ITPro.works

There is no lack of state funding for China’s smart driving startups nowadays as the country advances its goal to become a global leader in artificial intelligence in a decade’s … Read More

Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy – ITPro.works

Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group. … Read More

Vision Fund backs Chinese fitness app Keep in $360 million round – ITPro.works

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions. On … Read More

Global investors flee from Chinese tech stocks after the government crackdown on Ant and Alibaba – ITPro.works

Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that … Read More

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