Ping An Insurance, New World Development and Country Garden Venture Capital led a CNY2.7b (~USD410m) Series B for China-based AI chip manufacturer Biren Technology, with participation from Source Code Capital, Guosheng Group, Harvest Capital Management, China Merchants Capital, BAI, CITIC Securities Investment, Yijing Capital, Greater Bay Area Homeland Investments, Russia-China Investment Fund, MSA Capital and China Growth Capital. IDG Capital, V Fund and Zhuhai Da Heng Qin Company followed on. Read more