China Digest: Qualcomm Ventures backs Baicells; CDH leads Series A+ Round in iSpace

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Qualcomm Ventures has led a Series B+ round in Chinese 5G solutions provider Baicells while CDH Investments has lead a Series A+ Round in iSpace.

Qualcomm Ventures leads series B+ round in Baicells

Qualcomm Ventures, the investment arm of US chip-maker Qualcomm Inc, has led a RMB100 million ($14.55 million) Series B+ round in Baicells Technologies Co., a disruptive Chinese 5G solutions provider, China Money Network reported.

The investment in Baicells is for further development of 5G technologies for Qualcomm, the chip-maker said in an announcement on December 24.

“Qualcomm’s investment and increased collaboration will only help bring Baicells’ 5G technology to the next level” said Lixin Sun, founder and CEO of Baicells Technologies.

Baicells is a privately-held, high tech company providing disruptively-priced and technically innovative LTE wireless broadband access solutions, supporting fixed wireless, and mobile small cells.

CDH leads Series A+ Round in iSpace

Beijing-based alternative investment firm CDH Investments has led a Series A+ Round in China’s private aerospace company iSpace, China Money Network reported.

Matrix Partners China and Galaxy Holding Group also participated in the round. The exact amount of this particular round was not disclosed.

After the round, the total investment in iSpace amounts to over RMB700 million ($101.86 million).

DEALSTREETASIA earlier reported that buyout firm CDH Investments has mopped up over $1 billion in commitments for its sixth China fund that aims to make investments in consumer, healthcare, financial services and other growth sectors.

The fund, which has a hard cap of $2.5 billion, is expected to make a final close by the second quarter next year, an industry source aware of the development told this portal. It was launched late last year.

Also Read: 

Qualcomm Ventures India eyes mobile tech, healthcare startups

Exclusive: CDH Investments mops up over $1b for sixth China fund 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.