Six-year-old biotech startup MegaRobo Technologies has raised about $300 million from investors including an arm of Goldman Sachs, securing one of the year’s largest Chinese venture capital investments despite a global tech sector rout, reports Bloomberg. Goldman’s private investing arm, venture capital firm GGV Capital and Asia Investment Capital led the Series C round, joined […]
Category: Health Care
China’s capital took tentative steps toward reopening on Monday as much of Beijing lifted restrictions on dining in restaurants and many workers returned to their offices. But new flare-ups of COVID-19 clusters around the country and fresh lockdowns in parts of Shanghai continued to pose major risks for China’s economy, reports the Wall Street Journal. […]
Following two months of frustration and economic loss, Shanghai’s COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with worries that an outbreak could return, reports Reuters. Most of Shanghai’s 25 million residents can now freely leave home, return to work, use public transport providing they have a negative PCR test result within […]
Shanghai authorities will lift the city’s two-month long lockdown from midnight on Wednesday, allowing private cars including taxis back on to the roads and people to freely move in and out of low-risk housing compounds, reports Reuters. Bus and rail transport will also resume basic operations from June 1, including a ferry that connects districts […]
The economic numbers are getting more and more dire and in a rather extraordinary move, the man in charge of the economy, Premier Li Keqiang, held a meeting attended by 100,000 officials from across the country. He passed on the very clear message that the economy is not in great shape, and everybody must pull […]