Sunday, February 25, 2018

Lenovo Capital Leads Series A Round In Medical Imaging Start-Up Imsight Medical

Lenovo Capital and Incubator Group, the venture capital arm of Chinese tech firm Lenovo Group Ltd., has led a RMB20 million (US$3 million) series A round in Imsight Medical, a start-up developing artificial intelligence-assisted medical imaging analysis tools.

China’s Venture Capital Market Remains Strong As Deal Value Triples In Q2

China's venture capital market made strong gains in the second quarter of 2017, as the total value of new venture investments more than tripled to US$10.7 billion, compared to US$3.5 billion recorded during the first three months of the year, according to a KPMG report.

Chinese Co-Working Space Firm UrWork Raises $29M From Aikang Group

China's largest co-working space operator UrWork has completed a RMB200 million (US$29 million) investment round from Beijing Aikang Group, a Chinese conglomerate in the healthcare, real estate and investment businesses.

Will VC Craze For Cashier-Free Stores Spark Retail Revolution?

In case you haven't heard, the next "big thing" after bike sharing has arrived. Welcome to the age of cashier-free convenience stores, the latest craze among venture capitalists in China. Since the launch of Amazon Go, the U.S. e-commerce giant's retail store that requires no cashiers and no check-out, the concept has been quickly adopted in China and taken to a whole new level.

WI Harper Joins New Founding Round In Chinese AI Cloud Firm CloudBrain

Chinese angel investor 10Fund has led a series A round worth tens of million RMB in CloudBrain, a U.S. and China-based artificial intelligence cloud start-up, with participation from WI Harper Group.

Alibaba Entrepreneurs Fund Leads $14M Round In Cooking Video Producer DayDayCook

Alibaba Entrepreneurs Fund, an investment unit of Alibaba Group supporting start-ups in Hong Kong and Taiwan, has teamed up with Hong Kong businessman Adrian Cheng to lead a RMB100 million (US$14 million) series B round in DayDayCook, a Hong Kong-based start-up providing cooking videos and recipes.

Eastern Bell Leads $52M Round In Industrial Products E-Commerce Platform Zhenkunhang

Eastern Bell Venture Capital has led a RMB360 million (US$52 million) series B round in Zhenkunhang, an industrial products e-commerce platform, with participation from Shenzhen Cowin Venture Capital Investments Ltd.

Chinese Academy Of Sciences Unit Leads $22M Round In Robot Sensor Firm Slamtec

A fund managed by the Chinese Academy of Sciences Holdings Co., Ltd. has led a RMB150 million (US$22 million) round in Shanghai Slamtec Co., Ltd., a Chinese company providing affordable and high-performance laser sensor solutions for robots in auto localization and navigation.

Chinese AI Start-Up SenseTime Raises $410 Million Series B Round

Chinese artificial intelligence start-up SenseTime has completed a US$410 million series B round, in what the company calls the largest private financing rounds ever closed by an AI start-up globally.

GGV Leads $10M Round In Cross-Border E-Commerce Firm Yamibuy

China-focused venture capital firm GGV Capital has led a US$10 million series A round in Yamibuy, an e-commerce platform focused on selling specialty Chinese and Asian goods to Asian consumers living in North America. Chinese private education firm New Oriental Education & Technology Group Inc. also participated in the round.

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Quintech Exec on Where Software-Defined Radios Fit in Satellite

A soldier uses a Harris manpack radio. Photo: Harris.Quintech Electronics & Communications recently announced that a government contractor will use its Nexus-4 16 port mesh test matrix switch to expedite development of its Software-Defined Radio (SDR) systems. In an interview with Via Satellite, David Chan, Quintech’s vice president of sales and marketing, explained why SDR is critical to the satellite systems of today and the future, and how Quintech plans to position itself as the technology grows in use and capability.

Boeing Reports Strong Earnings in the Second Quarter

Logo atop Boeing headquarters. Photo: Boeing.Boeing reported a pop in earnings and operating cash flow in the second quarter of this year, driven by improved operating performance, according to the company. Revenue for the its network and space systems division came in at $1.7 billion, with operating margin increasing to 9.1 percent. Backlog for the full defense, space and security division was $58 billion, of which 37 percent represents orders from international customers.

Norwegian Microsatellite Deploys Antenna for VHF Data Exchange

Rendition of Norsat-1. Photo: ESA.The Norwegian Space Center has announced successful deployment of critical antennas and probes on the NORsat 1 and NORsat 2 microsatellites built by Canada’s Space Flight Laboratory (SFL), which launched on July 14 from Kazakhstan. Most notable was deployment of a large Yagi antenna from NORsat 2 that will provide first-of-its-kind Very High Frequency (VHF) Data Exchange (VDE) from space, according to the Norwegian Space Center.