Self-driving car startup Pony.ai raises $112m led by Legend Capital, Morningside


Pony.ai is headed by co-founder and CEO James Peng, who was previously chief architect at Baidu.

China Digest: 52Panghu.com and Aikucun raise Series A funding

Second-hand luxury sales platform 52Panghu.com and sales and distribution firm Aikucun have raised Series A investment.

HNA unit seeks more time to arrange for loan for luxury HK development

This is the second time that HNA, which has spent tens of billions of dollars in acquisitions in recent years, protracted a debt arrangement.

China Digest: Liking Fit closes $54m; Shenzhen Capital backs Zelgen

Smart gym operator Liking Fit has raised $54 million while biopharma firm Zelgen has raised a $62 million Series B.

China Hongqiao plans $800m share sale to reduce debt

It will sell the stake to its controlling shareholder.

Capital Group said to eye pre-IPO stake in China’s biotech unicorn Innovent

Innovent is planning an IPO this year that could raise more than $200 million and has been weighing the U.S. as a listing venue.

China said to escalate crackdown on cryptocurrency trades

Up until early last year, China was the most active market for bitcoin trading on exchanges.

China’s JD.com said to target $2b fundraising at logistics unit

JD has invited a select group of investors to join the funding round that values its logistics business at around $10b.

Chinese developer Yuzhou buys 7 projects in major cities for $591m

The projects have a total gross floor area of 3.13 million square meters and saleable resources worth 40 billion yuan.

China’s Lufax seeks $60b valuation with April IPO in Hong Kong: Report

Lufax’s would be the second mega fintech share offering in Hong Kong after ZhongAn Online Property & Casualty Insurance, which raised $1.5 billion in September.