Hillhouse Capital
Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF
In 2020, Chinese startup Zilliz — which builds cloud-native software to process data for AI applications and unstructured data analytics, and is the creator of Milvus, the popular open source…
With breakthroughs in machine learning, it’s no longer uncommon to see algorithmically generated bodies that can move and talk authentically like real humans. The question is now down to whether…
As countries ease up on COVID restrictions, activities are going back in person. But the virtual event space continues to attract investors, at least in Asia. Hong Kong-based events management…
Yahaha Studios, a platform for building no-code, immersive games, raised $50M in 3 rounds ahead of its launch this year
The success of Roblox and other user-created gaming experiences like Overwolf have democratized the concept of making games and have taken it into the mainstream. Now, a startup founded by…
The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based…
As the famous phrase goes, “software is eating the world” — and now software is eating dentistry. Or, perhaps more accurately, the arena of orthodontics — the specialty of dentistry…
As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes and health-conscious snacks, among other things, it’s bringing in new investors to fund its ambitions.…
In their rush to offer alternatives to advanced western chipsets, Chinese semiconductor companies are racking up large fundings from investors. Horizon Robotics, a five-year-old unicorn specializing in AI chips for…
For years, founders and investors in China had little interest in open-source software because it did not seem like the most viable business model. Zilliz‘s latest financing round shows that…
Lalamove, an on-demand logistics service active in China, Southeast Asia and Latin America, has officially entered the U.S. seven years after launch. As the COVID-19 pandemic keeps millions of Americans home,…
In recent years, China’s online shopping titans have been muscling into the prescription drug market. When JD.com, Alibaba’s archrival, realized the health market spans well beyond retail, it spun out…
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored…
In this week’s newsletter: China’s pivot to Africa, another big scooter funding and a new entry to the unicorn club.
African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based…
Many Silicon Valley companies and fintech startups in India today share a common mission: They all want to bring their financial services to the next billion users. Dozens of fintech…
Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series D round
Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The…
Australia-based Airwallex is the latest tech startup to enter the billion-dollar “unicorn” club. The company announced today that it has closed a $100 million Series C round that values its…
Featured Article
Bike-sharing pioneer Mobike is retreating to China
In a telling sign of the state of bike sharing, Mobike, a once red-hot startup that attracted billions in investment capital, is closing down all international operations and putting its sole focus on China. On Friday, Mobike laid off its operations teams in APAC, which entailed more than 15 full-time…
Moka, a startup that wants to make talent acquisition a little more data-driven for China-based companies that range from smartphone giant Xiaomi to Burger King’s local business, announced Monday that…
Horizon Robotics, a three-year-old Chinese startup backed by Intel Capital, just raised a mega-round of funding from domestic and overseas backers as it competes for global supremacy in developing AI…
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the…
Naspers, the South African investment giant, is back at it in India! Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion…
The food and beverage market is having a moment as venture capital money sloshes around looking for its high-potential startups. Hillhouse Capital, the China-based investment fund that counts Airbnb, Uber,…
Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott
Baidu, Hillhouse Capital, and GGV Capital have invested a total of $57 million in Chinese travel site Qunar, according to a report by First Financial Daily (link via Google Translate).…
