Fosun Kinzon Capital, a VC arm backed by Fosun Group, has led a RMB100 million ($15 million) Series B round for Easyhin, a Chinese mobile app that provides healthcare services to mothers and children.
Yi Jiu Pi, a Chinese B2B online liquor retailer, has raised an extended Series B round worth RMB200 million ($30 million) co-led by domestic GPs Yuan Sheng Ventures and Eastern Bell Venture Capital.
Sequoia Capital and TrustBridge Partners have co-led a Series C round of funding for Molbase, a Chinese B2B e-commerce platform that sells chemical products.
UrWork, a co-working space for Chinese start-ups, has raised RMB200 million ($31 million) in an extended Series A round of funding.
China has no shortage of technology unicorns with valuations in excess of $1 billion, but picking the right team to back requires careful assessment, China-focused GPs said at the AVCJ China Forum.
8Dol.com, a Chinese campus O2O services provider backed by several VC investors, has raised an extended Series B round worth RMB200 million ($30 million) led by Longrich, a Chinese cosmetics company.
LeTV Cloud, a cloud-computing service platform owned by Chinese online video company Leshi Internet Information & Technology (LeTV), has raised RMB1 billion ($153 million) from state-owned Chongqing Industrial Investment Fund.
Guo Jin Capital, a Shenzhen-based early-stage VC firm, has led a RMB100 million ($15.3 million) Series B round for ABC360, an online English learning platform.
Facebook co-founder Eduardo Saverin has led a $13 million Series C round of funding for a technological expansion of Hopscotch, an online retailer of baby and children’s products targeting Indian mothers.
Legend Capital has led a $30 million Series C round of funding for Haizhi, a China-based cloud computing service provider.
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Transwarp Technology, a Chinese big-data technology developer, has raised a RMB155 million ($24 million) Series B round of funding from domestic investors including Shanghai Real Power Emerging Industry Funds and Shenzhen Capital Group.
California-based Chinese cross-border shopping platform 55Haitao has raised $15 million in Series A funding from JJ Capital, a VC arm of Chinese game developer JJ.
Shunwei Capital Partners has led a Series B round of funding for Kuaifawu.com, a Chinese legal services platform that targets at small-and medium-sized enterprises (SMEs).
Indian business-to-business (B2B) e-commerce platform OfBusiness has raised a $5 million Series A round led by Matrix Partners India.
Accel Partners has led a INR400 million ($5.8 million) Series A round for Indian mobile payments start-up Juspay.
Andrew Chung, formerly a partner at US-based Khosla Ventures, has launched his own VC firm - 1955 Capital - and reached a first close of $200 million on a cross-border technology fund.
MoxyBilna, an Indonesia-based mother and baby-focused e-commerce group, has received a $15 million funding round led by Sinar Mas Digital Ventures (SMDV), and also announced a rebranding as Orami.
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
31 Ventures, a venture capital firm sponsored by Japanese property developer Mitsui Fudosan, has launched a JPY5 billion ($44 million) fund with Global Brain Corporation that will invest in start-ups globally.
Beijing Fairlubo Vehicle Auction, a Chinese online salvage car auction platform, has raised a $45 million round of funding led by PE-backed used car trading platform Uxin.
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Existing backer Lilly Asia Ventures has been joined by new investors, including China Summit Capital, in a $10 million Series B round of funding for Impact Therapeutics, a China-based cancer drug developer.