News Snapshot:
May 17, 2021 (Source: Xinhua) In last week’s China VC news: online grocery platform Dingdong Maicai bags a new tranche in its Series D round, bringing total financing amassed in the round to $1 billion; California-based biopharma firm Kinnate starts a joint venture to expand in China; luxury resale platform GoShare2 rakes in “tens of millions of US dollars” in Series C financing; and plant-based ground pork brand Zrou owner raised $7.3 million in a Series A round of financing. Online grocery seller Dingdong Maicai closes Series D+ round, total Series D financing at $1 billion Chinese grocery app Dingdong...
