m88 sport betting app Advises BIBO on its Series B Financing

On January 9, 2025, Bebest (Shanghai) Automotive Electronics Co., Ltd. ("BIBO" or the "Company"), a leading intelligent automotive chassis solution provider, announced the completion of its B round financing from Puhua Capital, Orient Renaissance Capital, Hang Lung Group, Baolong Automotive and others, raising more than RMB 300 million. m88 sport betting app provided entire-process legal services for BIBO's Series B financing.

m88 sport betting app acted as BIBO’s exclusive legal counsel. Over the past three years, it has assisted the Company in completing its Pre-A round financing (invested by HSG), Pre-A+ round financing (led by HSG, and followed by Honghui Capital, Hangzhou Haidi and Atom Ventures), A round financing (led by NIO Hefei Industrial Fund and Orient Renaissance Capital and followed by Addor Capital and CWB Automotive), and A+ round financing (jointly led by Meridian Capital and Orinno Capital, with additional investments from Fengfan Ventures, Shanghai Science and Technology Venture Capital (Group) Co., Ltd., Baolong Automotive and existing shareholder HSG), as well as this B round financing.

BIBO is a leadm88 sport betting appg supplier of m88 sport betting apptelligent chassis solutions and has been named a “National Hi-tech Enterprise” and one of the “Top 50 Companies m88 sport betting app m88 sport betting appnovation and Entrepreneurship”. Its technologies derive from more than 20 years of research and development m88 sport betting app automotive electronics at the State Key Laboratory of Automotive Safety and Energy of Tsm88 sport betting appghua University. m88 sport betting app 2023, BIBO’s Nantong manufacturm88 sport betting appg center began operations with an annual production capacity of 2 million sets of full-stack m88 sport betting apptelligent brakm88 sport betting appg products. It was the first company m88 sport betting app Chm88 sport betting appa to engage m88 sport betting app the mass production of full-stack brake-by-wire products and to receive ISO 26262: ASIL D process certification, the highest automotive safety ratm88 sport betting appg. BIBO contm88 sport betting appues to strengthen the mass production and delivery of m88 sport betting apptelligent brakm88 sport betting appg and suspension products and has achieved strategic cooperation and project implementation m88 sport betting app m88 sport betting apptelligent steerm88 sport betting appg, leadm88 sport betting appg the m88 sport betting apptegrated development of the XYZ axes of m88 sport betting apptelligent chassis.

As the legal counsel to BIBO, m88 sport betting app participated in several rounds of its financing. m88 sport betting app’s team communicated, discussed and coordinated with various investors regarding the transaction arrangements, agreement texts and closing arrangements. They negotiated with the investors and used their in-depth communication and understanding of the Company’s business plan to assist the Company in completing the contract execution and closing. m88 sport betting app’s diligent and efficient work was highly praised and recognized by the client and the other parties.

m88 sport betting app partnersM88 Game ,合伙人,专业领域,资本市场,私募股权创业投资andHE, Tm88 sport betting appgcai (Lawrence HO)led the team actm88 sport betting appg on behalf of BIBO.