Chinese new energy vehicle (NEV) start-up Singulato Motors has raised RMB3 billion (US$474 million) in a Series C round fundraising, the company announced.
Chinese automatic machine learning start-up TaoData has raised a series B round of more than RMB100 million (US$15.8 million) led by strategic investor Fosun International.
Chinese video streaming app Inke is reportedly seeking an initial public offering in Hong Kong after a failed attempt last year to complete a back-door A-share listing in China.
Chinese agribusiness company New Hope Group has led a US$92 million series B round in Meiliche Financial, a secondhand car financial services platform, with participation from personal finance management firm Wacai, the company announced.
Chinese tech giant Tencent Holdings Ltd. plans to buy a 5% stake in Shanghai Stock Exchange-listed Yonghui Superstores, in a move to compete against rival Alibaba Group Holding Ltd. in the new retail space.
Global investment manger Coatue Management LLC has led a US$177 million series D round in Kuaikan Manhua, a Chinese online and mobile platform for original comic art work targeting young viewers.
U.S. investment firm Tiger Global Management LLC and China’s Genesis Capital have led a US$230 million series C+ round in MissFresh, a Chinese fresh produce e-commerce platform in China backed by Tencent Holdings and other investors.
NASDAQ-listed Chinese online social entertainment firm YY Inc. has reportedly led a US$70 million series D round in Tantan, a Chinese social networking app seen as Tinder’s copycat in China, according to Chinese media reports citing insiders.
Shunya International Brand Consulting (Beijing) Co., Ltd, a marketing and communications services firm, has agreed to acquire over 50% of Beijing Milaiwu Network Technology Co., the developer behind popular Chinese video streaming platform Inke.
Oriza Holdings and CICC Alpha have led a RMB960 million (US$139 million) series D round in Shanghai UCloud Information Technology Co., Ltd., a cloud computing infrastructure and services provider, according to a company announcement.
Beijing- and Hong Kong-based private equity firm Golden Brick Capital Management Ltd. and CICC Alpha, an investment arm of the China International Capital Corporation Ltd (CICC), have led a RMB466 million (US$67 million) round in Yongqianbao, a Beijing-based personal loan mobile app operator.
China’s Tiantu Capital has led a RMB250 million (US$36 million ) series C round funding in Kuaikan Manhua, an online and mobile platform for original online comic art work targeting young viewers.
Hillhouse Capital, Tencent Holding Ltd. and New Hope Group have joined a US$40 million series B funding round in Doumi, a part-time job and recruitment platform.
Chinese e-commerce firm JD.com Inc. has established a strategic partnership with Yimutian, a controversial agricultural products supply and demand matching platform backed by Sequoia Capital and GX Capital.
Chinese social networking mobile app Tantan has completed a US$32 million series C round of financing led by DST Global, Vision Plus Capital and LB Investment, according to Chinese media reports.
Beijing-based fresh produce e-commerce mobile app MissFresh has reportedly raised RMB230 million (US$36 million) series B+ round of financing led by a Chinese investment firm, according to Chinese media reports.
Beijing-based fresh produce e-commerce mobile app MissFresh has completed RMB200 million (US$31 million) series B round of financing led by Tencent Holdings Limited, according to Chinese media reports.
Guangzhou city, Guangdong province-based online plastic trading platform Zhaosuliao.com has completed US$36 million series B financing led by New Horizon Capital, according to Chinese media reports. GX Capital, Qiming Venture Partners, IDG Capital Partners, and Zhenshun Fund also participated in the round.
Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai has received US$80 million series B+ financing round led by New Horizon Capital, according to an announcement posted on the company’s Weibo account. Ally Bridge Group, GX Capital, as well as existing investors China Broadband Capital, China International Capital Corporation (CICC), IDG Capital, CDH Investments and Qiming Venture Partners all participated.
Chinese online healthcare services platform 91160 has completed RMB130 million (US$21 million) series B funding from Shenzhen Costone Venture Capital and GX Capital, according to Chinese media reports. Founded in 2015, 91160 previously raised RMB5 million angel investment in 2012, and RMB25 million series A funding in 2014, both from Shenzhen-based QF Capital. 91160 currently has registered doctors of over 200,000, with over 10 million registered users.
Beijing-based consumer service O2O (online-to-offline) platform Helijia has completed US$49.5 million series C round of financing led by Qiming Venture Partners, according to a Wechat post published by its founder. New investors, Maison Capital and GX Capital, as well as existing investors IDG Capital Partners and Broadband Capital, also participated. Founded in 2014, Helijia connects consumers with service providers via its mobile apps. Consumers can reserve and enjoy manicure, facial, hair styling services at home.
Shanghai-based cloud computing service provider UCloud has completed US$100 million series C round of financing led by Legend Capital, according to a company announcement. VMS Legend Investment Fund, DCM, Bertelsmann Asia Investments, and GX Capital also participated. The company says it will use the proceeds on technology development, hiring new talents, marketing, and expanding into international markets.