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.
Source: dealstreetasia.com
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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 i...
Source: dealstreetasia.com