China’s semiconductor rush: frenzy or strategy? | China Venture Roundup Volume 40

China Venture Roundup Volume 40 covers China’s investment activity from June 7 to June 13, 2021.

China’s semiconductor rush: frenzy or strategy? | China Venture Roundup Volume 40

Find out what moves China tech with us. We round up what you need to know about the local venture scene every Thursday morning at 8:00 a.m. (GMT +8), covering major investment stories, MNC partnerships, noteworthy startups, industries with the most investments for the week, and more.

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Top Investment Story  

Xforceplus (云砺信息)

Software-as-a-service provider Xforceplus Information Technology has raked in USD 200 million in the second tranche of its Series C financing round. This fundraise involved Dragoneer Investment Group, MSA Capital, and Huatai Innovative Investment. The first tranche in October 2019 was led by Temasek Holdings.

Established in 2015, Xforceplus offers VAT invoice management to enterprises and supply chain collaboration between companies through its SaaS products. Its flagship platform, Piaoyitong, reduces taxation risks for enterprises. Notable clients include Vanke, Poly Group, Walmart, Compass Group, and McDonald’s.

Startups on our Watchlist

Carbonbase (碳中宝)

Founded in 2020, Carbonbase is a carbon emissions tracking platform that provides B2B and B2C services. The company’s blockchain-based SaaS solutions give enterprises a way to calculate an entity’s carbon footprint based on its supply chain. The firm works with companies in industries such as transportation, architecture, new energy, and IT. Carbonbase also visualizes the footprint by identifying the sources of greenhouse gases, making it easier for enterprise clients to formulate plans for reduced carbon emissions.

Carbonbase also launched a personal carbon emissions calculator in its WeChat mini program, calculating users’ carbon footprint based off their lifestyle. The company raised seven digits in US dollars in a recent angel round.

KrASIA News Picks

Semiconductor squander: China’s chip drive leaves unqualified projects languishing

The current global shortage on chips has had profound effects, raising chips prices worldwide and even forcing some firms in China, like EV startup NIO, to temporarily halt production. This has become a fundamental bottleneck in China’s ambitions to become a self-sufficient technological superpower. Semiconductors being an arena where countries have clashing interests and geopolitical rivalries adds an extra layer of complexity to the matter.

Chinese investors, entrepreneurs and the government have been pouring in billions, in a feverish race against US chipmakers. But can this frenzy truly yield the results hoped for or are investors over-eager?

News Related

OTHER NEWS

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PS5 beta firmware: M.2 SSD support, 3D audio, TV updates – here's what's new

Some of the PS5‘s major pain points have finally been addressed in the console’s latest update, with Sony announcing the addition of a host of changes designed to make gaming ... Read more »

Hong Kong stocks surge as Beijing soothes frayed nerves over regulatory clampdown, pumps more liquidity into system

Stocks in Hong Kong and mainland China jumped for a second day after Beijing convened a meeting with bankers to calm fears over its regulatory actions in the technology and ... Read more »

One of Netflix's biggest movies won't get a sequel – for a surprising reason

6 Underground, the 2019 action-adventure film that launched exclusively on Netflix, isn’t getting a follow-up, according to the studio’s Head of Original Movies. In a lengthy profile piece published by ... Read more »

Huawei P50 release date, price, what you need to know and how the P50 Pro differs

We thought we’d be writing this much earlier in the year, but the Huawei P50 series is here: the new flagship line of Huawei phones has been unveiled at an ... Read more »

SoftBank leads USD 200 million investment round in fabless IoT startup Wiliot

Wiliot’s vision is to expand the internet of things to include everyday products, such as plastic crates, pharmaceuticals, packaging, clothes, and other products. Read more »

How to watch Fencing at Olympics 2020: key dates, 2021 free live stream and more

Fencing athletes move fast – really fast. Lightning fast may even be an understatement. Tracking their agile movements as they compete in high-speed swordplay feels like a skill in itself, ... Read more »

Aussie network infrastructure market hits US$230B

The Australian networking infrastructure market is showing signs of a comeback following the start of the COVID-19 pandemic, with revenue growing year-on-year by 16.9 per cent, to US$230.7 million during ... Read more »

Car recalls for July 22-29

The U.S. National Highway Traffic Safety Administration has issued recalls for July 22 through 29, including a Ford recall involving 644,055 units and a Lincoln recall involving 33,298 units. See ... Read more »

Didi shares pare gains after it denies delisting rumours

Didi Global shares gave back most of the 49 per cent jump in pre-market trading after the company denied a Wall Street Journal report that it was considering going private. ... Read more »

How to watch Badminton at Olympics 2020: key 2021 dates, free live stream and more

The Tokyo Summer Olympics 2020 will witness 172 world-class badminton players clash against each other in one of the most watchable events at the global sports showcase. Feeling the pressure ... Read more »

Tesla's new update includes Disney+ and I AM SWEATING WITH JOY

Tesla started pushing a new 2021.24 software update to its fleet and it’s one of the ‘big’ ones, giving a handful of extra perks to its customers.  The update was ... Read more »

Ride-sharing startup Swvl is going public via SPAC at a valuation of USD 1.5 billion

The Cairo-born startup has raised over USD 100 million to date and aims to grow its annual gross revenue to USD 1 billion by 2025. Read more »

NBN Co offers one month COVID-19 relief to RSPs

NBN Co has put $5.2 million in “relief credit” on the table for retail service providers to mitigate the increasing bandwidth costs of recent COVID-19 lockdowns.  The broadband builder will ... Read more »

The Google Play Store may need a serious security upgrade

Google’s Play Protect security service has fared poorly in an endurance test of Android security apps. With the number of malware-laden malicious apps on the rise, AV-Test pitted 15 security ... Read more »

How Instagram Reels may be ‘impacting' your Facebook account

Instagram Reels seems to have really taken off. The head of Instagram recently said that videos — mainly Reels — is what Instagram will be focusing on. Now, Facebook CEO ... Read more »

Citrix Endpoint Management MDM review

Formerly known as Xenmobile, Citrix Endpoint Manager is a unified device management system that provides a simplified platform for IT departments to monitor and administer hardware of all types. With ... Read more »

ByteDance employee fined nine times his profit for insider trading by China's market regulator

A ByteDance employee has been heavily fined from profiting from insider information of a digital publishing company it had partnered with, China’s market regulator said on Monday. Wang Teng, 29, ... Read more »

The Witcher: Monster Slayer hit a million downloads already, but it's no Pokémon Go

On July 21, The Witcher: Monster Slayer launched as another mobile game to take on the huge Pokémon Go in the traveling-ARG genre. It suffered from server issues on launch ... Read more »

How to watch Track Athletics at Olympics 2020: key dates, free live stream and more

14 track athletics events are available to watch at the 2020 Olympics. The events, that range in distance from 100m to 10,000m, are set to give 10 days of record ... Read more »

CMD Solutions offers training for IT professionals to sharpen cloud skills

Amazon Web Services (AWS) consulting partner CMD Solutions has launched an intensive employment pathway program targeted at experienced IT professionals looking to gain cloud skills. The program, called learnCMD, will ... Read more »

F1 live stream: how to watch every 2021 Grand Prix online from anywhere

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Micromax to launch two TWS earbuds along with Micromax IN 2b on July 30

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Best Samsung TV: our top QLED picks for 2021

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Bring your idea to life with Namecheap's exclusive summer sale

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Best streaming device for your TV in 2021

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Here's why Nasscom has partnered with UK government, UK India Business Council

IT industry body Nasscom on Thursday said it has collaborated with the UK Government‘s Department for International Trade (DIT) and the UK India Business Council (UKIBC) to address the digital ... Read more »

Climate change: Huawei and ZTE dial into China's carbon neutrality call with low-emission technology using renewable energy

As China aims to achieve carbon neutrality by 2060, telecoms giants Huawei Technologies and ZTE are leveraging technologies to help customers and suppliers cut their carbon footprint and embrace renewable ... Read more »

The best Android games 2021

We’ve tested and rated all the best games for Android, covering all genres, and rounded them all up right here. No more botched console ports or dreary puzzles – here ... Read more »

From Facebook to Twitter, Big Tech sees social commerce driving sales growth

Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that emerged during ... Read more »

Indian founders say yes to no-code tools

With the growing pace of digitization, low-code, no-code platforms are allowing businesses and brands to quickly create and deploy new products. Read more »

An Indian firm facing 1,738 cyber attacks a week on average, claims report

An organisation in India faced cyber attack 1,738 times on average per week in the last six months compared to 757 attacks per organisation globally, a report showed on Thursday.The ... Read more »

NextDC snaps up $124M Western Sydney DC site

Data centre operator NextDC has secured a new data centre site in Western Sydney worth approximately $124 million.  Viewed as a long-term expansion opportunity by the operator, the proposed facility ... Read more »

Lenovo ThinkEdge SE30 and SE50 with Intel Core vPro processors, up to 32GB RAM launched in India

Lenovo has launched its new portfolio of embedded computers in India. The new computers belong to the ThinkEdge series and it now has two new members — ThinkEdge SE30 and ... Read more »

Apple's Siri becomes target of nationalist netizens after glitch caused it to skip Chinese Olympic gold tally

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Meal kit service HelloFresh is opening an online grocery store

HelloFresh, best known for its meal kit delivery service, is opening an online store where consumers can scoop up groceries along with their meal kit. On Thursday, the company unveiled ... Read more »

Get a lifetime of unlimited online privacy and security for just $28

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Imperva to ditch direct sales in favour of full channel model in Australia

Cyber security solutions vendor Imperva has decided to hedge its bets on an almost 100 per cent channel model in Australia, 12 years after first launching in the market.  As ... Read more »

Huawei to unveil flagship phone as impact of US crackdown deepens

Delayed P50 launch comes as the company struggles to secure chips. Read more »

This startup offering one-stop solution for your storage problems is coming to the UK with €52M funding

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