Corigine, Shanghai Reigncom Biotechnology

Source: Brian Kostiuk/Unsplash

Medical device maker Shanghai Reigncom Biotechnology and smart chips developer Corigine have secured fresh funding.  

Matrix leads funding in Reigncom

Chinese medical device and services provider Shanghai Reigncom Biotechnology has raised ‘tens of millions of US dollars’ in a Series A round of financing led by Matrix Partners China, the investee said in a statement. 

The round was joined by new investor Sinovation Ventures as well as Wosheng Investment. Gelu Capital served as the exclusive financial advisor. 

The company will use the proceeds for product development, marketing and talent recruitment, it said. 

Reigncom specialises in in-vitro diagnostic products and tools. With headquarters in Shanghai and an R&D centre in the US, Reigncom has produced pipeline products like IVD reagent kits and mass spectrometers. 

Corigine closes new funding 

Smart chips specialist Corigine, also known as Xinqiyuan, on Friday announced the completion of its pre-A3 round of financing raising ‘tens of millions of US dollars’. 

A slew of new investors who joined the round are SIG, state-backed tech-innovation fund Spinnotec, semiconductor Amlogic and Yimei Capital. 

Existing investor SBCVC, a China-based venture unit of Japanese SoftBank, re-upped in the round. SBCVC along with semiconductor-led investment CTC Capital had jointly led a similar-sized pre-A2 round funding in Corigine earlier in February this year. 

CM Capital facilitated the transaction, according to a company statement. 

Corigine plans to invest the proceeds to develop new generation chips and for market expansion and talent recruitment. 

The intelligent chips developer primarily caters to the telecom industry and has been engaged in the areas of 5G network data centres and high-end electronic design automation.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

China's Realme to expand India production despite COVID surge

TAIPEI — Chinese smartphone maker Realme is expanding production in India despite a surge in COVID-19 cases there in an effort to capture local demand and extend its supply chain outside its home market. Realme plans to begin assembling wireless earbuds in the South Asian country in the next three…

Read more: China's Realme to expand India production despite COVID surge

Tencent-backed Zhuanzhuan nets $100m from Xiaomi, Shunwei, others

Photo: Pixabay Zhuanzhuan, backed by New York-listed Chinese online classifieds marketplace 58.com, has secured a total of $100 million in its Series D1 round of funding led by Chinese smartphone conglomerate Xiaomi.  Zhuanzhuan, headquartered in Beijing, is an online marketplace on which users can buy and sell second-hand goods. It…

Read more: Tencent-backed Zhuanzhuan nets $100m from Xiaomi, Shunwei, others

Baidu to deploy 1,000 budget robotaxis on Chinese roads as it seeks ways to monetise autonomous driving technology

Baidu plans to deploy a fleet of 1,000 budget robotaxis over the next three years, cutting the per-unit cost of the vehicles by two thirds, as it explores ways to make money from its significant investment in autonomous driving. The search giant’s autonomous driving unit Apollo announced on Thursday a partnership with…

Read more: Baidu to deploy 1,000 budget robotaxis on Chinese roads as it seeks ways to monetise autonomous driving technology

US commission votes to advance ban on Huawei, ZTE telecom gear

Photographer: Krisztian Bocsi/Bloomberg The US Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in US telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE. Under proposed rules that won initial approval, the FCC could also revoke prior equipment…

Read more: US commission votes to advance ban on Huawei, ZTE telecom gear

Chinese apps like TikTok and WeChat could still face bans or subpoenas over data practices in US

President Joe Biden’s executive order aimed at safeguarding Americans’ sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the US market, according to people familiar with the matter. The goal is to keep foreign adversaries like China and…

Read more: Chinese apps like TikTok and WeChat could still face bans or subpoenas over data practices in US

Hong Kong market rises as tech stocks rally, after White House signals Biden-Xi talks

Hong Kong stocks rose on Friday for the second day this week buoyed by technology shares tracking rallies on Wall Street, after the White House signalled direct talks between US President Joe Biden and Chinese President Xi Jinping were on the cards. The Hang Seng Index rose 0.6 per cent…

Read more: Hong Kong market rises as tech stocks rally, after White House signals Biden-Xi talks

US FCC advances proposed Huawei and ZTE equipment ban on telecoms networks, which could revoke prior approvals

The US Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in US telecommunications networks from Chinese companies deemed national security threats like Huawei Technologies Co and ZTE. Under proposed rules that won initial approval, the FCC could also revoke prior equipment authorisations…

Read more: US FCC advances proposed Huawei and ZTE equipment ban on telecoms networks, which could revoke prior approvals

Chinese pork giant WH Group fires chairman’s son from board over aggressive behaviour

WH Group, the world’s biggest pork producer, has removed the chairman’s son from the board and terminated his employment, citing his aggressive behaviour against the company. Wan Hongjian, 52, son of the chairman and CEO Wan Long, 80, was stripped on Thursday of his roles as executive director, deputy chairman…

Read more: Chinese pork giant WH Group fires chairman’s son from board over aggressive behaviour

Navigating data compliance is becoming a bigger challenge for businesses amid increased scrutiny

NASA chief congratulates China's successful Shenzhou-12 mission

Chinese retail investors reminded about embracing value investing by ‘Millionaire Yang,’ ex-factory worker lionised by Beijing

China’s Didi ropes in five more banks to work on mega US IPO

UFC fighters’ supercars: from Conor McGregor to Ronda Rousey, how MMA stars ride in style with luxury Mustangs, BMWs, Lamborghinis and Rolls-Royces

Beijing can stay calm amid new EU-US pact as interests of Washington, Brussels are not aligned

Take a peek inside Jeff Bezos’ first-class space flight – Blue Origin’s New Shepard rocket and spaceship photos revealed (and it’s fancy)

TikTok rival Kuaishou takes market cap crown among new IPOs

OTHER NEWS