China Tech Digest: Chinese AI Unicorn 4Paradigm Prepares For HK IPO; Autonomous Driving Firm Geometrical-PAL Raised $61M In Pre-A Round
Summary
Chinese artificial intelligence platform and technical service provider 4Paradigm has recently launched the IPO process in Hong Kong. The investors behind not only include Chinese five state-owned banks, but also Sequoia Capital China, the National Manufacturing Transformation and Upgrade Fund and other giants in various fields. PerfMa, a Chinese enterprise service company focusing on the stability of IT systems, announced the completion of a RMB100 million series B round financing led by Broad Vision Funds with participation from GL Ventures. Chinese perovskite photovoltaic cell company SolarPlant Technology secured tens of millions of RMB in a series A round financing from Hillhouse’s climate change investment team. As a brand-new semiconductor material, perovskite has broad application prospects in photovoltaic, detection, display, lighting and other fields.