Shenzhen-based fresh fruit chain retailer Pagoda has completed a RMB1.5 billion (US$230 million) series B round as investors continue to support China’s fresh produce e-commerce industry.
Chinese venture capital firm Source Code Capital has hired Huang Yungang (pictured), a former managing director at Matrix Partners China, as a partner.
Chinese online micro-credit provider Qudian Inc. has filed a prospectus to raise up to US$750 million in an initial public offering on the New York Stock Exchange, according to an SEC filing.
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.
Vertex Venture Holdings Ltd., a wholly-owned subsidiary of Singapore’s Temasek Holdings, has led a series B round worth tens of millions of U.S. dollars in Julive, a Chinese online-to-offline (O2O) real estate agency.
Yunfeng Capital, a private equity firm co-founded by Alibaba Group Holding Ltd chairman Jack Ma, has led a RMB100 million (US$14 million) series A round in Er Geng, a Hangzhou-based short video content producer, with participation from Source Code Capital.
Chinese venture capital firm Yunqi Partners has led a RMB165 million (US$24 million) series B+ round in Baibu, a business-to-business textile e-commerce mobile app, with participation from Chengwei Capital and Source Code Capital.
Chinese alternative asset management firm CDH Investments has led a RMB300 million (US$44 million) series B round in Yimidida, a Shanghai-based logistics services platform focused on small cities and counties in China.
Chinese venture firm Source Code Capital has hired Zhang Hongjiang (pictured), formerly CEO of Chinese software company Kingsoft and chief technology officer at Microsoft Asia Pacific Research and Development Group, as its venture partner.