By Quynh Nguyen
The Series B financing, led by new investor Advantech Capital, also attracted investments from Northern Light Venture Capital, and Cowin Venture.
ATM Capital is founded by BAT Capital founding partner Tony Qu, who was a former director of Ali Capital.
Co-hosts Ying-Ying Lu and Rui Ma talk about Xiaohongshu, also known as RED, which had received a $300 million investment from Alibaba.
The newly merged entity will combine the strength of MabSpace and HJB in drug discovery, development and manufacturing.
The round was led by Boyu Capital and FountainVest, and joined by Celgene, WuXi Corporate Venture Fund, Taikang and existing investors Qiming and TF Capital.
Upon completion of the deal, CITIC is expected to hold 83.52 per cent of the enlarged Daye Special Steel.
The listing will raise around $100 million for the unit, which accounts for a fraction of parent China National Tobacco Corp’s overall business.
Qatar Airways also owns 20% of British Airways-parent International Consolidated Airlines, 49% of Italy’s Meridiana, and 9.99% of Hong Kong’s Cathay Pacific.
Plum Ventures, Ningbo Xinmei Asset Management Co., Shenzhen Oriental Fortune Capital Co. and Blueprint Innovation Investment Management also participated in the round.
Tougher regulations and rising bankruptcies have spooked investors, and lending on those online platforms has plummeted.