Matrix Partners China has led a series A financing round in Shanghai-based credit assessment and online lending platform Alading Bank, according to a company announcement.
ChinaEquity Group, a Beijing-based alternative investment firm, has led an series A+ round of around RMB100 million (US$14 million) in Wujie Space, a Beijing-based co-working space start-up.
Matrix Partners China and Chinese investment firm Tianshili Capital have led a RMB100 million (US$14 million) series B round in Xiaoyusan, a Shenzhen-based online insurance platform.
Sequoia Capital has led a US$30 million series B round in Hong Kong-based travel activities booking platform Klook, according to a company announcement.
Alex Cong (pictured), a former partner at Matrix Partners China, has left the company to join Skyview Fund, a new venture vehicle established by a number of former Baidu Inc. executives, as the second managing partner, according to postings on Cong’s Wechat public account.
Venture firm Matrix Partners China has joined a RMB400 million (US$58 million) series C financing round in a Shanghai-based peer-to-peer car rental platform, AT Zuche.
Matrix Partners China, Qiming Venture Partners and IDG Capital have invested RMB200 million (US$28 million) in a series B round in Anxin Doctor, a Beijing-based mobile health app focused on children and women healthcare, according to a company announcement.
Matrix Partners China has led a series A financing round in PerceptIn, a Silicon Valley-based artificial intelligence start-up developing the “eyes and brains” for robotics and smart devices. Matrix did not disclose the amount raised in the round, and only said that it is worth tens of millions RMB in an announcement it posted on its Wechat account. San Francisco-based cross-border venture capital firm Walden International and Silicon Valley-based TEEC Angel Fund also participated in the deal, which values the …
Baidu Inc. has announced plans to acquire Beijing-based Raven Tech, a Chinese smart home control and smart hardware start-up utilizing artificial intelligence, big data and next generation operating systems, Chinese media reported.
Northen Light Venture Capital has led a US$18 million series A round in Ms Paris, an online women’s dress rental platform in China, according to a company announcement.
Matrix Partners China has led a RMB100 million (US$14 million) series A round in Shilili Hotel, a honeymoon-themed chain hotel operator in China, according to Chinese media reports.
Matrix Partners China and GF Xinde Investment Management has led a RMB210 million (US$30 million) series B round in Huangbaoche, a travel start-up providing tour packages and travel guide booking services for outbound Chinese tourists.
Matrix Partners China and Source Code Capital have led a US$10 million series A round in Moran Cognitive Technology, a Beijing-based artificial intelligence start-up.
Chinese alternative investment firm Genesis Capital has led a RMB100 million (US$14 million) series C round in MobileMD System, a cloud computing provider in the medical care industry.
Tencent Holdings Limited has led a RMB280 million (US$40 million) series D financing round in Xiaoshouyi, a Beijing-based customer relation management (CRM) company similar to U.S. software giant Salesforce.
Addor Capital has teamed up with Youjin Capital to lead a RMB360 million (US$52 million) series B round in Diyi Chedai, a Shanghai-based auto lending start-up. Matrix Partners China, Yixin Investment Fund and 360 Finance also participated in the round, which is still on going and has not officially closed, the company said.
Fosun Group’s venture investment arm, Kinzon Capital, has teamed up with Matrix Partners China to lead a series A funding round of over RMB100 million (US$14 million) in Shenxing Tech, a Beijing-based face recognition and artificial intelligence start-up.
Matrix Partners China and SAIF Partners have led a RMB100 million (US$14 million) series A funding round in GrandOmics, a Beijing-based biomedical and genetic testing start-up, according to an announcement.
Matrix Partners China has invested an undisclosed amount in a series A funding round in Baoku Online Inc., a Chinese business travel and expense management company headquartered in Beijing.
Meet You, a Chinese female social network and mobile app operated by Xiamen Information Technology, has completed a RMB1 billion (US$151 million) new financing round from undisclosed investors, according to Chinese media reports.
Beijing-based cloud service provider QingCloud has received US$20 million series B funding, according to Chinese media reports.
Shanghai-based steel trading website Zhaogang.com says that it has received US$34.8 million in series C funding, according to a company announcement.
Beijing-based crowdfunding platform DemoHour has raised several million U.S. dollars in series A funding from Matrix Partners China and Intel Capital, according to Chinese media reports.
Shanghai-based online food ordering site Ele.me says the company has raised US$25 million series C financing.
Beijing-based mobile app analytical platform Umeng says the company has been acquired by Alibaba Group. Umeng will continue to operate as an independent entity after the acquisition.
Headquartered in Chengdu, Sichuan province, Pinguo Technology says the company has completed series B financing of US$18 million. SIG Asia Investments led the round. Existing investors Gobi Partners and Matrix Partners China also participated in the investment.