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 Business Service Provider Weimob Files For Hong Kong IPO
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.
GLP, Rainbow Capital Lead $150M Series C Round In B2B Petroleum Platform 51zhaoyou.com
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.
Shunewei Capital, DCM Ventures Lead $66M Series C Round In Online Pharmacy Trading And Education Platform Yaoshibang
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 Firm 9f Group Raises $65M Series D Round
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.
Legend Capital, SIG Invest $12M In Blockchain Firm Goopal Group
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 Firm Uoko.com Raises $157M C1 Round
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 P2P Lending Platform PPdai.com Plans $350M IPO In US
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.
Qiming Leads $30M Round In Chinese AI Start-Up Abcfintech
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 Leads $31.8M Round In B2B Petroleum Trading Website 51zhaoyou.com
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 Co-Leads $100M Round In Chinese Mobile App Maker Chubao
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 Leads $20M Round In Chinese Enterprise Services Firm Cloudwise
CBC Capital has led a US$26 million series C round in Cloudwise, a Beijing-based solution provider for cloud application performance management.
SIG Leads A $22M Round In Chinese Employee Training Platform Yunxuetang
Venture capital firm SIG has led a US$22 million series B round in Yunxuetang, a Jiangsu-based employee training solution provider.
SIG Co-Leads $80M Round In Chinese Credit Assessment Firm Wecash
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 Acquires Chinese Online Ticketing Platform Damai.Cn
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.
GGV Hires Former SIG Managing Director Eric Xu As Managing Partner
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.
ClearVue Partners Leads Series B Round In Fruitday
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 Launches $821M Cross-Border RMB Buyout Fund
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 Buys DCM-backed Cloud Computing Firm Kanbox
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.