Page 6 - Source Code Capital News Today

Chinese data infrastructure technology provider XSKY raised $63m in a Series F round from Source Code Capital and V Fund.

Investors including GGV and Sequoia Capital China have injected 308 million yuan ($48.3 million) into Chinese privacy computing startup Sudo.

The financing was jointly led by Source Code Capital, Shanghai Guosheng Group, and Bohai Sheng (Hubei) Industrial Fund Management.

Ruigu sources industrial supplies from manufacturers and then sells the products to over 150,000 SMEs via its platform.

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. […]

Electronics industry-focused e-commerce platform JustFit and UI design tools developer Jishi Design have secured funding. 

Graph Database Startup Vesoft Seeks Funds at $1 Billion Value Bloomberg News, Bloomberg News Rows of colored high end data cables are seen feeding into computer servers inside a comms room at a office in London, U.K., on Tuesday, Dec. 23, 2014. Vodafone Group Plc will ask telecommunications regulator Ofcom to guarantee that U.K. wireless carriers, which rely on BTs fiber network to transmit voice and data traffic across the country, are treated fairly when BT sets pr...

Chinese smart logistics platform YunQuNa enters unicorn club post $100m round Bukit Merah, Singapore. Photo by CHUTTERSNAP on Unsplash May 25, 2021 YunQuNa, a global smart logistics service platform born in China, announced on Tuesday the completion of a Series D1 funding round at $100 million to achieve a unicorn valuation of over $1 billion. Investors of the Series D1 round remained undisclosed. Beijing-based Source Code Capital, which backed YunQuNa’s Series A round in 2017, said in a stat...

China: WeiyangX Fintech Review Police in Changsha Receive Salaries in the Form of Digital RMB At present, digital RMB pilots have been conducted in various applications across China. On May 8 th, employers at the Kaifu branch of Changsha Municipal Public Security Bureau received their salaries in the form of digital RMB. This is the first time that digital RMB has been used for salary payment in the government agencies of Changsha. In fact, from January 2021, Chinese tech giant JD has already s...

China Digest: Bloks raises $93m; CareCapital leads $50m funding in Impress May 14, 2021 Shanghai Bloks Technology Group has garnered 600 million yuan ($93 million) in a Series B round of financing, while Barcelona-based novel orthodontics maker Smile2Impress (Impress) has raked in $50 million in its Series A round led by China’s CareCapital. Bloks bags $93m in Series B round Education startup Shanghai Bloks Technology Group has garnered 600 million yuan ($93 million) in a Series B round joint...