Leju raises CNY 1.5B (about $200M) before a planned IPO

Leju Robotics

Leju raised about CNY 1.5B (roughly $200M) from a group of state-linked and private investors to fund research, preparation for mass production and new partnerships. The round set it up for a stock-market listing.

• Investors included CITIC Goldstone, Shenzhen Investment Holdings and Shenzhen Longhua Capital.
• Money goes to R&D, mass-production readiness and partnerships.
• Post-money valuation was later disclosed as CNY 4.327B.