Short summaries · original links

Funding

Items that mention funding or deal size.

Funding

Total 47

Custodia Learn enters the final stage of due diligence in a US$5.4 million deal

In a company announcement, student-founded EdTech platform Custodia Learn says it is in due diligence with a publicly listed Chinese education group at a US$5.4 million valuation, up from US$500,000 in January 2026. The buyer is under NDA and unnamed. The platform reports 19,063 registered users and 8,986 daily active sessions.

AIUS$5.4M valuationCustodia Learn (company announcement)

JD.com completes its takeover of German electronics retailer Ceconomy for about EUR 1.34 billion

JD.com said it completed a EUR 1.34 billion (US$1.5 billion) acquisition of a controlling stake in Ceconomy, owner of MediaMarkt and Saturn. With partner Convergenta, which keeps 25.3%, the two now hold 85.2%. Ceconomy runs over 1,000 stores in 11 European markets, is consolidated from 12 November and stays standalone. A UK outlet cites US$2.5 billion, which conflicts with China Daily.

Consumer TechDeal: ~EUR 1.34B (~US$1.5B)China Daily

Lingyi iTech injects RMB 816 million into server liquid-cooling unit Readore, lifting its stake to 51%

Lingyi iTech said on the evening of 12 November that it will put RMB 816 million of cash into subsidiary Readore (Limin Da), subscribing RMB 4.37 million of new registered capital and raising its direct stake from 35% to 51%. Readore stays consolidated and an earlier voting-rights delegation ends. The unit makes AI-server liquid-cooling parts.

Consumer TechCapital injection: RMB 816M (~US$122M)21st Century Business Herald

Youa's RMB 1.58 billion purchase of power-chip firm Shangyangtong clears review, a department-store operator's pivot to semiconductors

Youa Shares' plan to buy 100% of Shenzhen Shangyangtong was cleared on 12 November at RMB 1.58 billion, of which RMB 506 million is cash and the rest new shares, with up to RMB 550 million of supporting funds. Local media note the price is well below the target's last post-money valuation of RMB 5.08 billion. Planning began in November 2024.

ChipsDeal: RMB 1.58B (~US$235M)Voc.com.cn (Hunan Online)

Volkswagen China sells a 5.30% stake in Gotion High-Tech to Hefei Construction Investment for about RMB 2.32 billion

Gasgoo reported on 10 November that Hefei's state assets regulator approved Hefei Construction Investment buying 96.18 million Gotion High-Tech shares, 5.30% of the company, from Volkswagen China at RMB 24.09 each, about RMB 2.32 billion, roughly 4% below the 5 November close. VW falls from 24.28% to 18.98% but stays the largest shareholder, citing its own business needs.

MobilityDeal: ~RMB 2.32B (~US$345M)Gasgoo

Awinic plans to buy a controlling stake in Yutai Semiconductor, possibly a major asset restructuring

On the evening of 9 November Awinic said it is planning to buy all or part of Yutai Semiconductor's equity, a controlling stake, for shares and cash plus supporting funds. An intent agreement is signed and the deal may be a major restructuring. Trading halts from 10 November for up to 10 trading days. No price yet; Awinic's nine-month profit fell about 61%.

ChipsValue not disclosedNetEase Finance

12 / 47