Buy&Ship has raised the first tranche of a Series C round at $12 million. Separately, China Mobile and China Unicom have invested in smart-glass maker RayNeo.
HK-based Buy&Ship raises funding to fuel growth road map
Hong Kong-based cross-border e-commerce enabler Buy&Ship has raised the first tranche of a Series C funding round at $12 million to fuel its growth plans, including a potential public listing.
In a Tuesday press release, Buy&Ship said it raised the Series C1 round from investors including MLC Ventures (Mitsubishi Logistics Corp Ventures), DLK Advisory, and Hong Kong-listed digital asset venture MemeStrategy, with follow-on investments from Cool Japan Fund and Altara Ventures.
Founded in 2014, the startup provides tech solutions to automate the entire cross-border e-commerce experience for consumers. Its products include an artificial intelligence (AI)-powered discovery engine that acts as a personal virtual shopping assistant helping users find premium product opportunities.
It also offers automation solutions including AGV (automated guided vehicle)-powered warehouses and intelligent logistics AI, which allow users to auto-fill complex customs forms and optimise delivery routes in real time.
Buy&Ship has 3 million registered global users across 12 countries and regions, with over 100 million packages handled as of today.
The new financing will see Buy&Ship move forward with its growth road map, including advancing deep AI integration on its platform and pursuing global M&A opportunities. While it actively expands into the US market, the startup also plans to invest the fresh capital in initiating preparations for a public listing, according to the release.
AR glass maker RayNeo closes new round, reportedly at over $143m
Chinese smart-glass maker RayNeo has secured a new funding round from domestic investors, including funds affiliated with two state-owned telecom giants, China Mobile and China Unicom, the startup announced on Monday.
RayNeo did not disclose the funding size in its official announcement, but multiple news reports said the round was at over 1 billion yuan ($143.1 million), with participation from CITIC’s Goldstone Investment.
This new financing will fund RayNeo’s further investment in product R&D amid intensified competition in the fast-maturing global smart-glass market.
The Shenzhen-based maker of consumer-grade augmented reality (AR) glasses plans to invest the capital in improving its software and hardware—primarily optical modules, spatial computing, and AI models—to offer a better user experience, RayNeo’s founder and CEO Li Hongwei told Chinese tech-focused media outlet Lanjing.
Li noted that China’s smart-glass market will soon come to its “iPhone moment,” where smart glasses will become ubiquitous as domestic telecom operators are embracing this emerging consumer product category by exploring new promotion models, such as giving away free smart glasses to clients with prepaid SIM cards.
The new round comes as RayNeo is poised to debut its groundbreaking prototype, the RayNeo X3 Pro —Project eSIM, which it claims to be the world’s first consumer AR glasses concept with integrated eSIM and 4G connectivity, at CES 2026 in Las Vegas, the US.
Founded in 2021 as a subsidiary of China’s TCL Electronics, RayNeo had a 24% share in the global AR glass market in the third quarter of 2025, according to Counterpoint Research.
