Beijing-based Chinese online personal finance platform Wanglibao.com Inc. has received US$10 million series A financing from IDG Capital, according to information posted on Wanglibao’s website.
Shanghai-based travel mobile app maker 117Go has received US$15 million series B funding from SoftBank China Venture Capital (SBCVC), according to Chinese media reports.
Xiamen-based female health mobile application Meet You has raised US$35 million series C funding led by SIG China, according to Chinese media reports.
Beijing-based image tagging and sharing app Nice has received US$20 million in series B financing led by H Capital, according to Chinese media reports.
Beijing-based online education platform Yuantiku has completed US$15 million new round of financing from existing investors, Matrix Partners China and IDG Capital Partners, according to Chinese media reports.
Beijing-based mobile social app developer Maimai.cn has completed US$20 million series B financing led by IDG Capital and MorningSide Ventures, according to Chinese media reports.
Beijing-based mobile healthcare app maker Spring Rain Software Co. Ltd. says it has completed US$50 million series C financing from China International Capital Corporation Limited (CICC), Rushan Investment Management and Pavilion Capital, according to a company announcement.
Guangzhou-based mobile app maker Super Class Table has received tens of millions U.S. dollar series B financing led by Alibaba Group, according to Chinese media reports.
Shenzhen-based Chinese beauty and cosmetics platform Meilapp.com has completed US$20 million series B financing led by Morningside Ventures, according to Chinese media reports.
The author is founder and CEO of T.H. Capital Tian X. Hou The average cumulative downloads in mobile apps in China were about 132.2 billion in the third quarter, or 21.4 billion new additional downloads from 110.8 billion in the second quarter. Among these total downloads, the top four vendors are taking 59.8% of the total market in in the third quarter, compared to 55.2% in the second quarter.
Beijing-based short-video mobile app maker MiaoPai has received US$50 million series C financing led by Kleiner Perkins Caufield & Byers (KPCB) China, according to Chinese media reports. Sina Corp., Redpoint Ventures and StarVC also participated. As part of the deal, Wei Zhou, managing partner at KPCB, will join MiaoPai’s board of directors.
Beijing-based online designated driver reservation services provider eDaijia has received US$25 million new round of financing led by New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc., according to eDaijia’s official Weibo account. Existing investors Matrix Partners and Lightspeed Venture Partners also participated. The two invested US$5 million, while 58.com invested US$20 million.
Beijing-based housekeeping services app maker Ayibang has received tens of millions U.S. dollar series B financing led by Vertex Venture Holdings Ltd., according to a post published on the company’s official Weibo account. Existing investors Shunwei Capital Partners and Ceyuan Ventures also participated. The company says it will use the proceeds to expand its services and improve user experience.
Blued, a Chinese gay dating app, says it has received US$30 million series B round of financing led by venture capital firm DCM, according to a statement on its official Weibo accout. The latest round of financing will be used to recruit more talents and improve product and services, says Blued’s founder, Geng Le.
Beijing-based Chinese mobile social instant message app developer Momo Inc., backed by a long list of venture capital and private equity firms, has filed for an IPO on the NASDAQ, according to a regulatory filing. Details of the pricing and timing of the IPO have yet to be determined. Established in 2011, Momo raised series B financing in 2012, receiving US$6.5 million from Matrix Partners, US$20.7 million from Alibaba Group Holdings, through Alibaba Investment Limited, as well as US$1.5 million …
Hong Kong-based mobile app maker GoGoVan has received US$10 million series B financing from Chinese social networking firm Renren Inc., according to media reports. Renren took around 10% in GoGoVan, a mobile app connecting van drivers and users. GoGoVan says it will use the proceeds to expand into other countries in Asia.
Shanghai-based restaurant queuing mobile app maker 9Now has raised US$20 million series B financing from existing investor Matrix Partners and other undisclosed investors, according to Chinese media reports. Matrix Partners invested in the company’s undisclosed series A round. It’s unclear when the company was established and when it raised its series A financing. The app has been incorporated into Baidu maps, AutoNavi maps and Alipay, says the reports. It has partnered with nearly 3,000 restaurants in China and had 30 …
Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai has received US$50 million series B financing led by China Broadband Capital and China International Capital Corporation (CICC), according to its official Weibo account. Existing investors IDC Capital, CDH Investments and Qiming Venture Partners also participated. Founded in 2009, Wacai received angel investment of approximately RMB10 million ($1.6 million) from Ameba Capital in 2011.
Beijing-based Chinese mobile social instant message app developer Momo Inc., backed by a long list of venture capital and private equity firms, has priced its NASDAQ IPO, hoping to raise as much as US$256 million, according to an updated regulatory filing. Momo says it is to issue 16 million American Depositary Shares (ADS) at the price range of US$12.50 to US$14.50 per ADS. Its shares will be listed under the symbol "MOMO". Concurrent with the IPO, the company plans to …
Beijing-based taxi-hailing mobile app maker Didi Dache has completed US$700 million series D financing led by Temasek Holdings, DST Global and existing investor Tencent Holdings Limited, according to Chinese media reports. The massive financing round was reported earlier this year without specifying the investors. Launched in September 2012, Didi Dache received US$3 million series A financing from GSR Ventures in 2012.
Beijing-based Chinese mobile social instant message app developer Momo Inc., backed by a long list of venture capital and private equity firms, has completed an IPO on the NASDAQ, raising a total of US$216 million, according to an updated securities filing. Momo issued 16 million American Depositary Shares (ADS) at US$13.50, the middle of its indicative price range of US$12.50 to US$14.50 per ADS. Concurrent with the IPO, the company issued US$50 million and US$10 million worth of shares to …
Hangzhou-based automobile service mobile app maker Yangche Diandian has received US$30 million series B financing led by GGV Capital, according to the company’s Weibo account. Established in March 2014, Yangche Diandian received US$4 million series A financing in September from undisclosed investors. Launched by Hangzhou Xiaoka Technology Co., Ltd., Yangche Diandian’s mobile apps provide automobile after sales services including car wash, maintenance and repair services.
Chinese mobile app maker Nice has completed US$36 million series C financing led by New York-based investment firm Tiger Global Management LLC and Vy Capital, an investment firm exclusively focused on Internet and software sectors, according to Chinese media reports. Launched a year ago, Nice received US$8 million series A financing from Matrix Partners and Morningside Ventures. It received US$20 million series B round led by H Capital, with participation from Vy Capital, Matrix and Morningside.
Chinese search engine Baidu Inc. and San Francisco-headquartered ride-share and taxi service firm Uber jointly announced a strategic investment and cooperation agreement, confirming widespread media reports last week, according to a statement posted on Uber’s website. Uber CEO Travis Kalanick and Baidu chairman and CEO Robin Li announced the agreement at a signing ceremony at Baidu headquarters in Beijing. The companies did not disclosed transaction details, but it is believed that Baidu is likely to invest up to US$600 million …
The author is founder and CEO of T.H. Capital Tian X. Hou According to our proprietary data, total number of unique mobile apps in 21 major Android app stores in China was about 1.275 million with a net addition of 79.8 million from 1.195 million in the third quarter of 2014. Among that, the number of mobile game apps was about 364,000 in the fourth quarter of 2014, up 29,000 from the third quarter, while non-game apps reached 911,000, up …
Hangzhou, Zhejiang province-based Chinese taxi and private car hailing app maker Kuaidi Dache has completed US$800 million series D financing, according to unverified Chinese media reports. Representatives of Kuaidi Dache did not respond to inquiries to confirm the news. Alibaba Group Holdings, New York-based investment firm Tiger Global Management LLC, and two unnamed investment funds reportedly participated in the latest round of financing.
App Annie, a data tracker of the mobile app industry, has raised US$55 million in Series D financing led by U.S. venture capital firm Institutional Venture Partners (IVP), according to a company announcement. Existing investors including Sequoia Capital, Greycroft Partners, IDG Capital Partners and e.ventures also participated in the round.
Hangzhou, Zhejiang province-based Chinese taxi and private car hailing app maker Kuaidi Dache has completed US$600 million series D round of financing led by SoftBank Group, with participation from existing shareholders, Alibaba Group Holdings and Tiger Global Management LLC, according to a joint announcement.
Beijing-based Android app development firm Apus Group has received US$100 million Series B financing from Chinese venture firms Chengwei Ventures, SIG Ventures, and Qiming Venture Partners, according to an announcement posted on its official Weibo account. Existing investors in the company’s series A round, Northern Light Venture Capital and Redpoint Ventures, also participated in the round.
Guangzhou, Guangdong province-based radio mobile app developer Lizhi.FM has received US$20 million series C financing from Xiaomi Inc., Shunwei Capital, Matrix Partners China, and Morningside Ventures, according to media reports. In December 2011, the company received US$10 million series B financing from Matrix and Morningside. In December 2010, it received millions of U.S. dollars series A financing led by Matrix. Launched in 2013, Lizhi.FM currently has more than 20 million registered users and about 600,000 radio and podcast program hosts, …
Beijing-based carpool mobile app maker Ttyongche has received approximately US$10 million series B financing from Sequoia Capital, according to Chinese media reports. The company previously received US$3 million series A financing from Innovation Works in June 2014. Launched in July 2014, the app has expanded from Beijing to other major cities including Shanghai and Hangzhou in Zhejiang Province. Its apps help office workers find carpool partners via a bidding process. It currently facilitates an average orders of 5,000 per day.