N5 Capital, V Star Capital and Shihaisong Capital have led a US$60 million series D1 round in Shansong Express, a Beijing-based inner-city logistics start-up focused on providing last-mile delivery solutions.
Tencent-backed Chinese cloud-based commerce and marketing solutions provider Weimob Inc. has filed for an initial public offering in Hong Kong, according to its IPO prospectus.
Private equity firm Rainbow Capital and logistics solution provider GLP have led a US$150 million series C round in 51zhaoyou.com, a business-to-business petroleum e-commerce platform.
Yaoshibang, a Guangzhou-based online pharmacy trading and education platform, announced that it has completed a RMB420 million (US$65.7 million) series C round led by Shunwei Capital and DCM Ventures.
Beijing-based fintech company 9f Group announced that it has raised a US$65 million series D round from industrial funds Famous Group and Plentiful International, according to 9f Group’s announcement.
Goopal Group, a blockchain company backed by Hong Kong-listed China Binary Sale Technology Ltd, has raised a US$12 million A++ round from Legend Capital and SIG, according to Chinese media reports.
Chinese long-term apartment leasing start-up Uoko.com has completed a C1 round worth RMB1 billion (US$157 million), including equity and debt financing from various venture capital firms and banks, according to an announcement made by the company’s financial advisor, Galaxy Capital.
Chinese peer-to-peer lending platform PPdai.com will seek an initial public offering on the New York Stock Exchange, the company said in a filing, marking the latest Chinese financial technology company to go public. PPdai.com is currently values as a unicorn on China Money Network’s China Unicorn List with a US$2 billion valuation.
Abcfintech, a Chinese AI services provider targeting the financial services sector, has raised a total of US$30 million through an angel round and a series A round. Chinese venture capital firm Qiming Venture Partners led the round, with Source Code Capital, SIG Asia Investment and Welight Capital also participating, according to a company announcement.
DCM Ventures has led a US$31.8 million series B round in 51zhaoyou.com, a business-to-business petroleum e-commerce platform.
CCB International, an investment unit owned by China Construction Bank, and Chinese venture firm HG Capital have led a US$100 million series D round in Chubao Technology, a Shanghai-based mobile communication app developer.
CBC Capital has led a US$26 million series C round in Cloudwise, a Beijing-based solution provider for cloud application performance management.
Venture capital firm SIG has led a US$22 million series B round in Yunxuetang, a Jiangsu-based employee training solution provider.
China Merchants Venture Capital Management Co., Ltd., the venture unit of China Merchants Group, Forebright Capital, a former investment unit of China Everbright Ltd. and venture firm SIG have led a US$80 million series C round in Wecash, a Beijing-headquartered big data-based credit assessment company.
Alibaba Group Holding Ltd’s cultural and entertainment group has fully acquired Damai.cn, a Bejing-based online ticketing platform, according to a company announcement.
Eric Xu, former managing director at SIG Asia Investment has joined GGV Capital as managing partner. Xu will be responsible for GGV’s investments in innovation and applications related to the use of mobile phones and Internet in e-commerce, finance, and entertainment, the venture firm announced today.
Shanghai-based fresh fruit e-commerce platform Fruitday has raised tens of millions U.S. dollars in series B financing, according to Chinese media reports. ClearVue Partners led the round. Existing investor SIG Asia Investments also participated. The company previously received several millions of RMB in angel investment in 2011, and several million U.S. dollars series A funding from SIG Asia Investments in 2013.
Sailing Capital Management, an investment firm controlled by Shanghai International Group (SIG), has launched a RMB5 billion ($821m) buyout fund through its subsidiary, Shanghai Sailing Industrial Capital.
Alibaba Group has agreed to buy Kanbox, a Chinese cloud storage service provider backed by SIG Asia Investment and DCM. The value of the deal was not disclosed.