Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Chinese Carmaker Dongfeng Pilots Robotaxi Service in Wuhan
Trending in China: China Show Love For Beijing-Born Chloe Zhao and her Historic Golden Globes Win
Tencent Invests in Tim Hortons as Canadian Coffee Chain Embraces Digitalization
ByteDance Seeks to Grow Online Education Business with New Recruitment Drive
Pinduoduo Faces Work Culture Questions After Staff Deaths
Investment Gains Boost Tesla Challenger Li Auto to First Profit
Geely-Backed Smart Vehicle Tech Startup Eyes Global Expansion With New Funding
Foxconn Deepens Push Into Electric Car Manufacturing with Fisker Partnership
Flying Carmaker EHang Completes Cold-Weather Test Flights in Beijing
China Outspends Rest of the World on 5G Infrastructure By 2-to-1
Chinese Ride-Sharing Giant Didi Plans Entry Into Europe
Video Streamer Bilibili’s Revenue Nearly Doubles, Shares Rise
Forbes Names China’s Top 100 Businesswomen of 2021 With 40 New Entries
China’s Electric Vehicle Sales Expected to Grow 51% This Year, Research Firm Says
Chip Startup Horizon Robotics Joins Hands with Automaker to Develop Smart Cars
Chinese Copycats Rush in as Clubhouse is Blocked in China
Honor of Kings Retains Top Spot as World’s Highest-Earning Mobile Game
Trending in China: Employee Punished After Gaining Beijing Residency Rights Then Quitting Firm
Industrial Software Startup Eyes Southeast Asia With Latest Funding
Alibaba-Backed Lender MYBank is One of First Privately Owned Banks to Join Digital Yuan Pilot
Sequoia Capital Opens Its First Tech Incubation Center in Shanghai

Ding Yi / Jul 09, 2020 06:49 PM / Finance

Sequoia Capital China, widely viewed as a bellwether of Chinese tech investment, has put into operation its first incubation center in Shanghai in an effort to help the city’s young tech firms grow sustainably.

The incubation center aims to support tech startups in areas of corporate development, resource sharing and industrial cooperation as part of its broader plan to help Shanghai become an artificial intelligence powerhouse in China, according to a WeChat post by Sequoia Capital China on Wednesday.

So far, six Sequoia-backed tech startups running businesses related to artificial intelligence chips, information security, smart manufacturing and edge computing have settled in the incubation center, which is located in the Shanghai Zhangjiang Artificial Intelligence Island. The island houses a cluster of scientific research facilities run by tech giants like IBM and Microsoft, Shen Nanpeng, founding and managing partner of Sequoia Capital China, said in a statement.

Founded in 2005, Sequoia Capital China has invested in over 500 companies in China including and Alibaba as well as some of the country’s promising startups like ByteDance, Didi Chuxing and Nio.

Contact reporter Ding Yi (

Related: Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian


Share this article
Open WeChat and scan the QR code