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China s PCG Power pockets another $70m in extended Series A rounds

Great Wall Motor Weighs Selling Stake in $6 Billion Battery Unit Svolt, Sources Say

(Bloomberg) Great Wall Motor Co. is exploring options including selling its stake in Svolt Energy Technology Co. as the battery firm’s initial public offering in Shanghai may be delayed, according to people familiar with the matter.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few

Forbes Asia 100 To Watch 2023

A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups across the region that are targeting underserved markets or applying new technologies.

China Digest: Biren said to be eyeing HK IPO this year; MindRank snaps funding

AI chip startup Biren Technology plans to go public in Hong Kong, while Cherami Investment Group has led AI drug discovery firm MindRank’s Series A+ round. 

SJ Semiconductor raises $340m

Chinese chipmaker SJ Semiconductor has raised nearly $340 million in a Series C extension round, according to a release, reports Nikkei Asia. The company signed the first batch of investment agreements to this effect on March 29. The latest extension round values the firm at $1.8 billion. The round, joined by Legend Capital, takes the…

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