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Greater China Digest: CloudMinds mulls HK IPO; Momenta seeks to raise up to $1b

General Motors-backed Momenta is considering an IPO in either Hong Kong or the US. ....

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Chinese robot developer CloudMinds bags over $153m in a Series B+ round

Chinese robot developer CloudMinds bags over $153m in a Series B+ round
April 9, 2021
Chinese robot developer CloudMinds Technology Inc has garnered over $1 billion yuan ($153 million) in a Series B+ round of financing, it announced on Friday.
The transaction was jointly led by Shanghai Chengtou Group and Guosheng Group, which are investment arms of the Shanghai local government.
The $153 million Series B+ round comes as CloudMinds, which has a US unit, suffered serious setbacks amid the Sino-US trade war. CloudMinds was blocked from transferring US-origin technology to its China business in March 2020. At the time, the company was also wooing investors for a planned initial public offering (IPO) in the US. ....

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