China startup

The fresh funding will fuel Dianxiaomi’s expansion into other international markets, including Latin America, Europe, and the US.

The raise exceeded the original target of over US$8 billion and is the highest amount ever raised by a VC firm to invest in Chinese startups, The Information reported.

Svolt, Ola, The CrownX, and more startups raised funds this week.

We take a look at the Chinese companies that secured the biggest payouts from their exits and India-based Shiprocket’s US$185 million boost.

Check out our top articles for the week.

Bianlifeng’s IPO, which is expected to raise US$500 million, could happen as soon as this year, said a Bloomberg report.

The comes months after China kicked off an investigation into alleged monopolistic practices of tech companies such as Alibaba.

The funds raised will be used to implement its AI-driven, general-purpose robots in other areas such as services, agriculture, logistics, and medical care.

Funding hasn’t slowed down for China’s startups, and M17 Entertainment has a new commander in chief

But the company has “no concrete plan” for an IPO for now, SenseTime co-founder and CEO said.