We're launching a
fundraising campaign to raise $50,000 for our new science lab.
我们正在发起一场筹款活动，目标是筹集5万美元用于我们的新科学实验室。
The charity event was a huge success, surpassing our
fundraising goal by $10,000."
慈善活动非常成功，我们比原定筹款目标多筹集了1万美元。
She's an expert in crowdfunding, having successfully raised funds for multiple startup projects.
她是一位众筹专家，为多个初创项目成功筹集了资金。
We've been sending out email appeals to our donor base for the annual
fundraising drive.
我们一直在向我们的捐赠者群体发送电子邮件，进行年度筹款活动。
The foundation organized a bake sale to raise money for local schools, which was warmly received by the community.
基金会组织了一次烘焙义卖，为当地学校筹款，得到了社区的热烈欢迎。
Many companies have employee matching programs that double their employees' donations during
fundraising drives.
许多公司有员工配对捐赠计划，在筹款活动中，员工的捐款会翻倍。
Our
fundraising efforts will go directly towards providing clean water to those in need in developing countries.
我们的筹款将直接用于为发展中国家需要的人们提供清洁水源。
The school's PTA held a charity run, and the funds raised will be used to improve sports facilities.
学校的家长教师协会举办了一场慈善跑，筹集的资金将用于改善体育设施。
The nonprofit is seeking corporate sponsorships for its
fundraising gala, hoping to attract significant financial support.
这个非营利组织正在寻求企业赞助其筹款晚宴，希望吸引大量资金支持。
After the initial phase of
fundraising, we'll evaluate the progress and adjust our strategies accordingly.
在初步筹款阶段结束后，我们将评估进展并相应调整策略。
Shein, which was valued at $100 billion during a fundraising round in April 2022, aims to lift its revenues from the $22.7 billion of last year to $58.5 billion by 2025.
Shein在2022年4月的一轮融资中估值为1000亿美元，其目标是到2025年将收入从去年的227亿美元提高到585亿美元。
The company has recently completed C2 and C2+ fundraising, raising nearly 500 million yuan ($72.7 million) from Guangzhou Yuexiu Industrial Investment Fund and Guokaixa0Equipmentxa0Manufacturingxa0Industialxa0Investmentxa0Fund.
该公司最近完成了C2和C2+融资，从广州越秀实业投资基金和国开xa0Equipmentxa0Manufacturingxa0Industrialxa0Investmentxa0Fund筹集了近5亿元人民币（7270万美元）。
LangBoat, a Chinese provider of large language models, announced it has finished its Pre-A plus round of fundraising and moved total financing to several hundred million yuan.
LangBoat，一家大型语言模特的中国供应商，宣布已经完成了Pre-a以上的一轮融资，融资总额达到数亿元人民币。
The fundraising round, led by Beijing Zhongguancun Science City Co, attracted previous investors including investment firm Sinovation Ventures and Eight Roads.
这轮融资由北京中关村科技城有限公司牵头，吸引了包括投资公司Sinovation Ventures和Eight Roads在内的先前投资者。
According to the Shanghai Stock Exchange, a total of 16 infrastructure REITs have been trading at the bourse as of Feb 8, with total fundraising coming in at 56 billion yuan.
根据上海证券交易所的数据，截至2月8日，共有16只基础设施REITs在交易所交易，总筹资额为560亿元。
"The consumer finance unit will be able to handle 1.1 trillion yuan in loans once the fundraising is complete, Qi said.
齐说：“一旦筹资完成，消费金融部门将能够处理1.1万亿元的贷款。
The first close of a private equity fundraising process is seen as a key milestone that usually highlights that the fund has reached a threshold and can start investing.
私募股权融资过程的第一次结束被视为一个关键的里程碑，通常强调该基金已经达到阈值，可以开始投资。
According to the company, the fresh fundraising round will be used to promote the research and development of products and client authentication.
据该公司介绍，新一轮融资将用于促进产品研发和客户认证。
Beijing J-Elephant Technology Co Ltd, an forklift autonomous mobile robot manufacturer, announced on Wednesday it has raised nearly 100 million yuan ($15 million) in its angel and pre-A rounds of fundraising.
叉车自主移动机器人制造商北京杰象科技有限公司周三宣布，已通过天使轮和A轮融资筹集了近1亿元人民币（1500万美元）。
Experts said A-share listings will help the telecom carriers broaden their fundraising channels, which should help them to transform their businesses well in time to exploit the commercialization of 5G services, a process that has been accelerating in China of late.
专家表示，A股上市将帮助电信运营商拓宽融资渠道，这将有助于他们及时转型，利用5G服务的商业化，这一进程最近在中国加快。
"It also offers an opportunity for us to reach potential investors, facilitating the fundraising process that is vital to our future development.
“这也为我们提供了一个接触潜在投资者的机会，促进了对我们未来发展至关重要的筹资过程。
With its advantages in world-class medical science, IT and health services; its position as the second-biggest biotech fundraising hub in the world; as well as new policies to foster scientific exchange and health innovation; GBA brings AstraZeneca great opportunities to leverage our global resources and strong innovative power to build an ecosystem of collaboration and foster a new wave of world-class developments to benefit the healthcare industry and patients around the world.
凭借其在世界级医学、IT和健康服务方面的优势；其作为世界第二大生物技术筹资中心的地位；以及促进科学交流和卫生创新的新政策；GBA为阿斯利康带来了巨大的机会，可以利用我们的全球资源和强大的创新能力，建立合作生态系统，并推动新一轮世界级的发展，造福世界各地的医疗保健行业和患者。
At the same time, a spontaneous "Hope Group" of Adidas employees launched internal fundraising activities, purchasing and shipping 300 sets of relief supplies for the disaster-hit areas, including raincoats, rain boots and flashlights.
与此同时，阿迪达斯员工自发成立了“希望小组”，发起了内部筹款活动，购买并运送了300套救援物资至受灾地区，其中包括雨衣、雨靴和手电筒。
NanoStep Semiconductor Technology Ltd, a Chinese semiconductor packaging firm, announced on Thursday it has raised tens of millions of yuan in its A-round of fundraising by Sinovation Ventures.
中国半导体封装企业“纳斯特半导体科技有限公司”于周四宣布，已从创新工场(Sinovation Ventures)获得了数千万人民币的A轮融资。
But as the easy access and low threshold of the Internet enable charity projects to flood digital fundraising platforms, the difficulty to evaluate the real effects of the numerous projects has also increased, said Tao Chuanjin, professor at the School of Social Development and Public Policy of Beijing Normal University.
北京师范大学社会发展与公共政策学院教授陶传进表示，互联网的便捷性和低门槛虽然让慈善项目可以涌入网络募资平台，但同时也增加了评估众多项目实际效果的难度。
Financial regulators have cracked down on dubious financial activities like illegal fundraising, unlawful cross-border gambling and unauthorized private banking.
金融监管部门重拳整治非法集资、跨境赌博、地下钱庄等违法违规金融活动。
The app, backed by Tencent Holdings Ltd, said the investment is the largest fundraising deal in China's comics industry.
这家由腾讯控股有限公司(Tencent Holdings Ltd.)支持的应用表示，这宗交易是中国漫画行业有史以来最大规模的融资活动。
Berry Oncology, a Chinese startup focusing on genomic testing of cancers, has completed a series B1 round of financing of nearly 700 million yuan ($99 million) which brought up its total fundraising to date to about 2 billion yuan.
专注于肿瘤基因检测的中国初创公司 Berry Oncology 已完成近 7 亿元人民币（9900 万美元）的 B1 轮融资，使其迄今为止的总融资额达到约 20 亿元人民币。
Yusur, a leading Chinese startup on data processing units, or DPUs, announced that it had raised several hundred million yuan in its series A round of fundraising, as the company continues to beef up its business to be at the forefront of the next generation of chips.
中国数据处理单元（DPU）行业领军初创企业云豹智能宣布，已完成数亿元人民币的A轮融资，继续加码业务，致力于成为下一代芯片领域的佼佼者。
Fu Yifu, a senior analyst at the Suning Institute of Finance, a research institution of Suning Finance, said time-honored brands are seeking IPOs not only for more fundraising channels and a stronger brand reputation, but for better corporate governance as well.
苏宁金融特约高级分析师傅瑜馥表示，老字号企业谋求上市，不仅是为了拓宽融资渠道、提升品牌知名度，更是为了完善公司治理结构。
Prophesee, the world's leading provider of neuromorphic vision solutions, is looking to beef up its global presence, especially in the Chinese market, with the latest round of fundraising led by the country's tech venture capital firm Sinovation Ventures.
作为全球领先的神经形态视觉解决方案提供商，Prophesee正寻求通过由中国科技风险投资公司Sinovation Ventures牵头的最新一轮融资，加强其全球影响力，尤其关注中国市场。
The French company raised tens of million dollars in its latest round of fundraising, which also attracted the country's tech giant Xiaomi Corp and Inno-Chip, an investment firm that has obtained investment from Will Semiconductor, owner of OmniVision.
这家法国公司在最新一轮融资中筹集了数千万美元，此次融资还吸引了中国科技巨头小米集团和Inno-Chip公司的参与。Inno-Chip是一家获得了韦尔半导体(Will Semiconductor)投资的投资公司，而韦尔半导体是豪威科技(OmniVision)的所有者。
With the new round of fundraising, Luca Verre, CEO and founder of Prophesee, said that the firm will accelerate the development and commercialization of its next generation hardware and software products as well as to expand market and further scale the company.
Prophesee的首席执行官兼创始人Luca Verre表示，通过新一轮的融资，公司将进一步加速下一代硬件和软件产品的研发与商业化进程，并扩大市场覆盖，推动公司的规模化发展。
In April 2018, Flexport received $100 million in a fundraising led by SF Express, a leading courier company in China.
2018年4月，Freightos 在由中国领先的快递公司顺丰速运(SF Express)牵头的融资中筹集了1亿美元。
The new fundraising joined current investors, including Qiming Venture Partners, Pavilion Capital, Eight Roads Ventures, Lilly Asia Ventures, Sinovation Ventures, BOLD Capital Partners, Formic Ventures and Baidu Ventures.
新的融资活动吸引了现有投资者的参与，包括启明创投(Qiming Venture Partners)、 Pavilion Capital、Eight Roads Ventures、礼来亚洲基金(Lilly Asia Ventures)、创新工场(Sinovation Ventures)、BOLD Capital Partners、Formic Ventures和百度风投(Baidu Ventures)。
The fundraising has over 15 investors, including DST Global, Coatue, Tiger Global Management, General Atlantic, CMC Capital, Sequoia Capital China, Cygnus Equity, Ocean Link, Aspex Management, 3W Fund, Mass Ave Global and APlus Partners.
这次融资活动有超过15家投资者参与，其中包括DST Global、Coatue、Tiger Global Management、General Atlantic、CMC Capital、Sequoia Capital China、Cygnus Equity、Ocean Link、Aspex Management、3W Fund、Mass Ave Global和APlus Partners。
com, Qunar and Skyscanner, hopes to use proceeds through the fundraising to invest in technologies and services that help boost tourism-related content marketing.
此句的中文翻译是：“该公司希望通过融资筹集的资金，投资于技术和服务，以提升与旅游相关的内容营销。”这里的“该公司”指的可能是Ctrip、Qunar和Skyscanner中的某一家或它们的联合体。
Led by DST Global and Coatue, the new fundraising attracted over 15 investors, including Tiger Global Management, General Atlantic, CMC Capital, Sequoia Capital China and Cygnus Equity, the company said.
该公司表示，由DST Global和Coatue领投的新一轮融资吸引了超过15家投资者，包括Tiger Global Management、General Atlantic、CMC Capital、Sequoia Capital China和Cygnus Equity。
Chief Operating Officer Li Ni said bulk of the proceeds from the current fundraising will be used to incentivize content curators especially in professional fields, as well as beef up high-quality, indigenously-made dramas and TV series with the hope that loyal users would pay for them.
运营长李妮表示，此次筹得资金的大部分将用于激励内容策展人，尤其是专业领域的策展人，以及加强对高质量、本土制作电视剧和电视连续剧的投资，希望忠实用户会为此付费。
With the new fundraising, Walnut Education announced its strategy of "all in education technology", where it will develop its AI teaching products, high-quality teachers, and teaching and research systems.
随着新的筹款活动，Walnut Education 宣布了其“全力以赴”的教育技术战略，将发展其人工智能教学产品、高质量教师队伍和教学研究系统。
The Chinese crowdfunding platform Waterdrop Medical Crowdfunding announced on International Women's Day, which fell on Monday this year, that breast and cervical cancers, some of the most frequent and fatal cancers among women, are also among the top 10 diseases seen in campaigns on its charity fundraising platform.
中国水滴筹款平台在今年3月8日国际妇女节当天宣布，乳腺癌和宫颈癌——这两种在女性中最为常见且致命的癌症，也是该慈善筹款平台上十大疾病之一。
Charity fundraising campaigns for breast cancer patients accounted for 2.12 percent of its total projects.
为乳腺癌患者筹款的慈善活动占其总项目的2.12%。
In June, the five-year-old healthtech brand secured tens of million yuan in a series A round of fundraising led by Tiantu Capital.
这家五岁的健康科技品牌在6月份宣布获得由天图资本领投的亿元级别A轮融资。
Beijing Fenbilantian Technology Co, which offers services related to the national civil service exam, announced on Sunday it has raised $390 million in its series A round of fundraising.
北京粉笔蓝天科技有限公司周日宣布，其已完成3.9亿美元的A轮融资。该公司提供与国家公务员考试相关的服务。
With the new fundraising, Zhang Xiaolong, CEO of Fenbi, said the company will boost its teacher groups and beef up efforts in research and development and technology innovations.
Fenbi 的首席执行官张小龙表示，随着新的融资到位，公司将加大教师团队的建设，并在研发和技术创新方面加大力度。
Broncus Holding Corp, a global leader in diagnostic and therapeutic technology for lung diseases, announced on Thursday that it has raised tens of million dollars in its Series D round of fundraising led by FountainVest Partners.
全球肺部疾病诊断和治疗技术的领头羊Broncus Holding Corp于周四宣布，它在由FountainVest Partners牵头的D轮融资中筹集了数千万美元的资金。
Chinese online education startup Huohua announced on Monday that it has raised $150 million its series E-3 round of fundraising, which marked its third round of financing within five months.
中国在线教育初创公司火花思维周一宣布，已完成1.5亿美元的E-3轮融资，这是该公司在五个月内进行的第三轮融资。
The new fundraising was led by PAG, one of Asia's leading investment firms.
这次新的筹款活动由亚洲领先的投資公司之一PAG领头。
"(With the fundraising), the company will increase investment in product research and development, and will continue to deepen the supply chain and digital construction to provide consumers with better products and experience," Nayuki said.
“通过这次筹款，公司将进一步增加对产品研究和开发的投资，并将继续深化供应链和数字化建设，为消费者提供更好的产品和服务体验，”奈雪表示。
Zuoyebang, China's largest online education startup in terms of user count, announced on Monday it had raised $1.6 billion in its series E-plus round of fundraising, as the country's online education entices investors amid the COVID-19 pandemic.
中国用户量最大的在线教育初创公司作业帮周一宣布，已在E+轮融资中筹集了16亿美元。在新冠病毒大流行期间，在线教育在中国对投资者的吸引力与日俱增。
"With the new fundraising, the company will invest big in education and technology and strengthen its core competitiveness.
通过新的筹款，该公司将大力投资于教育和科技，以增强其核心竞争力。
Yuanfudao confirmed the news and told China Daily that it was "part of the fundraising plan".
猿辅导方面向《中国日报》证实了这一消息，并表示这是“融资计划的一部分”。
Last month, it raised $180 million in its series C round of fundraising.
上个月，该公司在C轮融资中筹集了1.8亿美元。
The company has completed eight rounds of pre-IPO fundraising, receiving 958 million yuan ($146 million) from institutional investors, including Sequoia Capital China, which holds a 4.96 percent stake in the firm.
该公司已经完成了八轮Pre-IPO融资，从包括 Sequoia Capital China 在内的机构投资者手中获得了9.58亿元人民币(1.46亿美元)的资金。Sequoia Capital China 持有该公司4.96%的股份。
Including securities such as options and restricted stock units, Airbnb's fully diluted valuation came to $100.7 billion, more than five times the $18-billion Airbnb was valued at in a private fundraising round in April at the outset of the pandemic.
包括期权和限制性股票在内的完全摊薄估值为1,007亿美元，是该公司在疫情初期、今年4月最新一轮私募融资中1,800亿美元估值的五倍多。
Airbnb's worth was pegged at $31 billion in its last pre-COVID-19 private fundraising in 2017.
Airbnb在2017年的最后一次COVID-19疫情前的私人募捐中，其估值被定为310亿美元。
EEO, a Chinese software-as-a-service provider in the education field, announced that it has raised $265 million in its series C round of fundraising, as the company has continued to beef up the integration of online and offline education amid the COVID-19 pandemic.
教育领域软件即服务(SaaS)供应商EEO宣布，已在C轮融资中筹集2.65亿美元。在新冠病毒大流行期间，该公司一直在加强线上线下面授教育的融合。
The fresh fundraising will be used to bankroll Manbang's innovation in technology, services, and operations, which can advance the company's intelligent logistics systems, facilitate market expansion and enhance delivery-on-arrival services, the company said.
该公司表示，新的资金将用于资助Manbang在技术、服务和运营方面的创新，这可以推动公司智能化物流系统的发展，促进市场扩张，并提升准时交付服务。
The company has completed eight rounds of pre-IPO fundraising, receiving 958 million yuan ($146 million) from institutional investors, including Sequoia Capital China, which holds a 4.96 percent stake.
该公司已经完成了八轮Pre-IPO融资，从包括 Sequoia Capital China 在内的机构投资者手中筹集了9.58亿元人民币（1.46亿美元）。Sequoia Capital China 持有该公司4.96%的股份。
Manbang Group, China's leading domestic freight service platform, raised $1.7 billion in its latest round of fundraising, the company announced Tuesday.
中国领先的国内货运服务平台满帮集团周二宣布，已完成最新一轮17亿美元的融资。
The fundraising round was led by Softbank Vision Fund, Sequoia, Permira and Fidelity, with the participation of several other investors such as Baillie Gifford and Tencent, the company said.
本轮融资由软银愿景基金、红杉资本、Permira和富达领投，还有Baillie Gifford和腾讯等其他投资者参与，该公司表示。
Agrimedia, a smart media solutions provider, announced that it has raised 100 million yuan ($15 million) in its series A plus round of fundraising, as it scrambles to tap into lower-tier cities and counties to empower more mom-and-pop stores.
智能媒体解决方案提供商Agrimedia宣布已筹集1亿元人民币（1500万美元）的A+轮融资，因为它正急于深入到低线城市和县城，以赋能更多的夫妻店。
The fundraising was led by Shanghai Qijing Investment Co Ltd Investment firm CCV also invested in a consecutive two rounds.
此次融资由上海其欣投资有限公司领投，投资机构CCV也连续两轮参与了投资。
Chinese online education startup VIPThink, which mainly helps nuture children's mathematics thinking ability, announced on Thursday that it has raised $180 million in its series C round of fundraising.
中国在线教育初创公司VIPThink宣布，它已完成C轮融资，筹集了1.8亿美元。该公司主要致力于培养儿童的数学思维能力。
Led by SoftBank's Vision Fund 2, the fresh fundraising attracted renowned investors including Family Foundation of chairman of Guangdong Alpha Animation and Culture Cai Dongqing, New Oriental Education and Technology, Doll Capital Management and Sinovation Ventures, and Enlight Growth Partners.
这轮融资由软银愿景基金2领投，吸引了诸多知名投资者，包括广东奥飞动漫文化董事长蔡东青的家庭基金会、新东方教育科技集团、Doll Capital Management、创新工场和Enlight Growth Partners。
"Today (the announcement of the new fundraising) is just the beginning of the long run; only when we offer courses that can really satisfy children and their parents can we develop sustainably," he added.
“今天的(新融资公告)只是漫长旅程的开始；只有当我们提供真正让孩子们和他们的父母满意的课程，我们才能实现可持续发展，”他补充道。
With the fresh fundraising, the company's valuation reached $15.5 billion, which means it has topped other educational technology companies and become the most valuable unicorn worldwide.
Venture capital firm China Creation Ventures announced the final closing of its second US dollar fund of over $300 million － a remarkable fundraising effort completed amid challenges brought by the COVID-19 outbreak.
"The fundraising is very special this year, given challenges brought by the epidemic.
With a lot of remote work, they supported us to complete the fundraising within the original schedule.
Though Lufax did not disclose any fundraising details, it said it would use the funds for technology research and development, construction of infrastructure, technology acquisition or mergers, as well as global expansion.
Chinese liquor company Jiangxiaobai announced that it has finished series C round of fundraising without disclosing the amount.
The new fundraising will be used for the storage of vintage wine and on technology research and development.
Ant, with 33 percent owned by e-commerce guru Alibaba Group, announced a concurrent IPO plan last month and since then has kicked off a process for what's likely to be the largest fundraising in global finance.
Chinese community-based online retailing platform Nice Tuan announced on Wednesday it has raised $80 million in its series C2 round of fundraising, as the startup strives to deepen new infrastructure efforts for higher growth.
E-commerce food and grocery platform Miss Fresh completed its latest round of fundraising of $495 million on Thursday, according to the National Business Daily.
China International Capital Corporation took the lead in investment for this round of fundraising, with other investors including ICBC International, Tencent, Abu Dhabi Capital Group, Changshu Government Industrial Fund, Tiger Global and a fund under Goldman Sachs.
This round of fundraising is the biggest single financing for Miss Fresh, which will be invested in improving the company's smart chain technology and supply chain in products' places of origin.
com showed this round was Miss Fresh's eight round of fundraising.
National Business Daily said the value of assessment for Miss Fresh will exceed $3 billion after this round of fundraising.
Chinese online fresh food startup Miss Fresh announced on Thursday it has raised $495 million in its latest round of fundraising, which it claimed to be the largest financing round in the country's online fresh food sector.
Led by CICC Capital, the fundraising also attracted ICBC International, Tencent Holdings Ltd, Abu Dhabi Capital Group, the Suzhou Changshu government industry fund, Tiger Global and a fund from Goldman Sachs.
Currently, the first phase of fundraising is completed.
Zuoyebang, China's largest online education startup in terms of user base, announced on Monday that it has raised $750 million in its series E round of fundraising, as the country speeds up embracing the online education sector amid the COVID-19 pandemic.
The money was raised online during the Global Alliance for Vaccines and Immunization's fundraising.
Premier Li Keqiang said during the online fundraising that China will encourage its research institutions and vaccine producers to step up coordination with Gavi, and support its playing an important role in promoting vaccine use.
Global investment platform Cathay Capital Group announced on Tuesday a joint energy fund it established with partners has completed its first fundraising, closing at 820 million yuan ($120 million).
Fundraising a major challenge during pandemicStartups in Asia face a battle for survival during the ongoing global economic downturn resulting from the COVID-19 pandemic.
Chibo Tang, a partner based in Hong Kong for venture capital company Gobi Partners China, one of the first Chinese venture capital companies to enter the Southeast Asian region, said fundraising is one of the biggest challenges Asian startups need to tackle during the pandemic.
Led by Sinovation Ventures, a venture capital company founded by investor Kai-Fu Lee, the fundraising also included CEC Capital as the financial consultant.
The money the company donated will be given to medical workers through the foundation, a charity organization with qualifications for public fundraising.
China's online education platform Yuanfudao announced on Tuesday it has raised $1 billion in its latest round of financing, which marked the country's largest-ever fundraising in the online education sector.
With fresh fundraising, the valuation of Yuanfudao is estimated to hit $7.8 billion.
As of March 20, the fundraising of 7 billion yuan was completed.
KaiShu Story, a Chinese startup focused on children's storytelling, announced on Wednesday that it has raised $66 million in series C plus round of fundraising.
"Our company has built up a reputation among customers and investors, but the epidemic has disrupted the normal financing and cash flows of startups like us, and we really need help for easy and quick financing from either banks, investors or special SME fundraising programs.
The fundraising scale for the Beijing-Shanghai High-Speed Railway Co Ltd is only second to that of the Postal Savings Bank of China's IPO, according to the report.
The fresh fundraising will be used to support the company's livestreaming course in larger class, which was rebranded on Monday as "Dami Online School".
Chinese education service provider Xiaoe-tech announced on Saturday that it has raised 100 million yuan ($14.3 million) in its latest round of fundraising.
The fundraising is the largest among all the mixed ownership reform programs for State-owned enterprises so far, and also is the largest equity financing project in domestic energy and electricity sector, said Qian Zhimin, chairman of SPIC.
Users share stories about their difficulties, post their medical records, set a fundraising target and are allocated a donation page that can be forwarded to social platforms such as WeChat.
The firm announced in August this year that it has raised $85 million in its latest round of fundraising, which industry insiders said is the largest round of financing in the math education-focused sector.
With the gargantuan fundraising from Alibaba, the Hong Kong stock exchange may easily secure a place among the top three in the global IPO league this year, and even retain the much-coveted title as the world's leading venue for listings for two consecutive years at the last minute.
Such fundraising opportunities are especially precious for local vaccine developers such as CanSino Biologics because developing high-quality new vaccines means a company must use the first-generation strain of a virus.
The fresh fundraising, according to VIPKid, will be used to deepen the research and development in sectors including artificial intelligence, cloud services and charitable work.
While it marked the world's largest-ever fundraising in the online education sector at that time, the firm was said to have encountered difficulties in raising new funds after then.
"The new confirmation is likely to be part of VIPKid's wish to attract other investors into the fundraising, after investors are getting colder about the country's online education sector due to tightening of policies," said an investor familiar with the matter who declined to be named.
VIPKid noted that the fresh fundraising will be used for deepening cooperation in several sectors, including artificial intelligence, cloud services and charitable work.
They have so far completed the first three rounds of fundraising of nearly $3 billion for the fund.
Chinese online education startup Huohua announced on Monday that it has raised $85 million in its latest round of fundraising, which industry insiders said is the largest round of financing in the math education-focused sector.