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China Digest: GL Ventures backs Sobot; Daoer to raise $75m; Xiaohongshu mulls US IPO


China Digest: GL Ventures backs Sobot; Daoer to raise $75m; Xiaohongshu mulls US IPO
Source: Andy Kelly/Unsplash
April 28, 2021
Chinese cloud-based intelligent customer service startup Sobot Technologies and Daoer Biologics have raised funds, while Xiaohongshu is reportedly mulling an IPO.
GL Ventures leads $31m Series C+ round for Sobot
GL Ventures, the venture capital (VC) arm of investment firm Hillhouse Capital, has led a 200 million yuan ($30.8 million) Series C+ round of financing for Chinese cloud-based intelligent customer service startup Sobot Technologies, alongside capital injection from China-focused VC Yunqi Partners.
Beijing-based Sobot leverages AI and big data to help clients integrate and manage their call centres, chatbots, manual customer services, and work order systems. The startup has forged partnerships with over 300,000 corporates across the fields of consumer & retail, education, corporate services, gaming, and public service as of ....

Hong Kong , Yun Qi , Ruo Yang , Adrian Cheng , Daoer Biologics , Morgan Stanley , Shenzhen Stock Exchange , Sunshine Insurance Group , Hong Kong New World Development , Goldman Sachs , China Telecom , Sobot Technologies , Hillhouse Capital , Great Wall Motors , Didi Chuxing , New Oriental , China Growth Capital , Huadong Medicine , Hangzhou Zhongmei Huadong Pharmaceutical , Huarui Investment , Haiyue Asset Management , Kaitai Capital , Chinese Instagram Like , Hong Kong Based , Genesis Capital , Tiantu Capital ,

The Next Generation of Philanthropists


The Next Generation of Philanthropists
Last Updated: Dec. 7, 2020 at 9:57 a.m. ET
First Published: Dec. 7, 2020 at 9:53 a.m. ET
By
Penta s December 2020 cover, featuring (from top left) Valerie Rockefeller, Justin Rockefeller, Josh Lauder, Stephen Curry, Ayesha Curry, Adrian Cheng, Melinda Gates, and Bill Gates.
Illustration by Gluekit; Clockwise from top left: Courtesy of Valerie Rockefeller; Courtesy of Justin Rockefeller; Mattie C. (Lauder); Kelly Sullivan/Getty Images (Curry); Giulia Marchi/Bloomberg (Cheng); Frederic Stevens/Getty Images (Gates)
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Rising Philanthropists, Focused On Results
Increasingly, wealthy individuals  are taking a strategic approach to philanthropy, aiming to achieve specific outcomes rather than simply writing a check. ....

Alameda County , United States , Hong Kong , West Virginia , San Francisco , Chow Tai Fook , Warren Buffett , Johnd Jay Rockefeller , Justin Rockefeller , Johnd Rockefeller , Stephen Curry , Cheng Yu Tung , Stephen Schwarzman , Judy Spalthoff , Melinda Gates , Kimberly White Getty , Jay Rockefeller , Sharon Percy Rockefeller , Lauder Cos , Jeremy Lin , Adrian Cheng , Josh Lauder , Valerie Rockefeller , Gabby Schultz , Mitch Moxley , Daniel Growald ,