Articles by Jane Li
Chinese electronic contract services provider raises $59m
Fadada, a China-based electronic contract services provider, has raised RMB389 million ($59 million) in a Series C round of funding led by Tiger Global Management and Tencent Holdings.
Chinese recruitment SaaS provider Moka raises $27m
Hillhouse Capital has led a RMB180 million ($27 million) Series B round for Chinese smart recruitment solutions provider Moka.
Sina invests $30m in Chinese fintech player Shuhe
Shuhe Technology, a Chinese consumer financial services start-up that provides installment repayment plans for credit card holders, has raised $30 million in Series B funding from Sina, a local internet company that operates microblogging site Weibo.
Chinese apartment rental service Danke raises $500m
Chinese start-up Danke Apartment, operator of an online platform that connects landlords with long-term rental tenants, has raised $500 million in a Series C round led by Tiger Global Management and Ant Financial.
SoftBank Vision Fund invests $1.5b in China’s Chehaoduo
Chehaoduo, a Chinese online auto services provider that runs consumer-to-consumer (C2C) used car trading platform Guazi and new car trading platform Maodou has raised $1.5 billion from SoftBank Vision Fund.
China’s Tiantu Capital closes first angel fund at $75m
Tiantu Capital has closed its debut angel investment fund at RMB500 million ($75 million), complementing the GP’s coverage for companies from early to late stages in China.
Chinese community group purchasing business receives $31m
Songshupinpin, a Chinese group purchasing platform that connects consumers in different residential districts with suppliers of daily necessities, has raised $31 million in the first tranche of a series B round led by Hillhouse Capital Group and MSA Capital.
Chinese chip maker secures $22m Series B
National Chip, a Chinese manufacturer of chips for digital TVs, has raised a RMB150 million ($22 million) Series B round led by China’s State Development & Investment Corporation, with participation from Sinovation Ventures.
VC-backed Chinese online brokerage files for US listing
Chinese online brokerage Tiger Brokers, which is backed by smart phone maker Xiaomi and a number of venture capital firms, has filed for an IPO in the US.
Shenzhen Capital, SOSV to launch angel, growth funds
Shenzhen Capital Group and SOSV Investments have agreed to establish a China-focused angel investment fund as well as a growth stage vehicle targeting European companies.
Chinese pet supplies company raises $20m
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $20 million in a Series C round of funding led by Qiming Venture Partners.
China coffee shops: Out of Luckin?
Luckin Coffee has won substantial private equity funding for an expansion strategy that involves taking the fight to Starbucks. But is the Chinese coffee shop chain’s business model sustainable?
Chinese gym operator SuperMonkey raises $53.5m
Chinese gym operator SuperMonkey has raised RMB360 million ($53.5 million) in a Series D round led by Starquest Capital and Yao Capital, a sport-focused PE firm co-founded by former NBA star Yao Ming.
Hong Kong’s Lalamove secures $300m Series D
Hong Kong-based delivery start-up Lalamove - known as Huolala in mainland China - has raised $300 million across two tranches in a Series D round led by Hillhouse Capital and Sequoia Capital China.
Deal focus: EQT bets on bank cards
China leads the world in mobile payments, but bank and credit card transactions still surpassed $5 trillion last year. EQT wants to help VBill expand its presence in the space, at home and overseas
Coatue leads investment in logistics platform YunQuNa
China-based YunQuNa, which provides digital logistics services for shipping companies, has raised the second tranche of a Series B round led by Coatue Management.
TPG-SoftBank fund backs Chinese restaurant services platform
Shiheng Technology, a Chinese company that helps restaurants manage their online food delivery businesses, has completed the second tranche of a Series B round led by a TPG Capital and SoftBank Ventures Korea fund.
Chinese online K12 education provider raises $350m
Zhangmen, a Chinese online tutoring platform aimed at elementary through high school students, has raised $350 million in the first tranche of a Series E funding round.
CCV leads Series B for Chinese AI player Shukun
Shukun, a Chinese company that provides artificial intelligence (AI) technology used in the treatment of cardiovascular diseases, has raised RMB200 million ($29 million) in a Series B round led by China Creation Ventures.
Deal focus: Legend backs Mancando’s offline network
Legend Capital sees Mancando's extensive network of brick-and-mortar outlets as the key to bringing greater supply chain efficiency to the Chinese auto parts industry
Legend leads $29m round for Chinese biotech player
Sciwind Biosciences, a Chinese drug developer focused on treating metabolic disorders, has raised RMB200 million ($29 million) in Series A funding led by Legend Capital, with participation from existing investors Shiyu Capital and Beijing-based biotech...
EQT buys stake in Chinese payment services provider VBill
EQT has agreed to acquire a minority stake in VBill, a third-party payment services provider in China that focuses on small and medium-sized enterprises (SME) for RMB378 million ($55.8 million).
Indonesia’s BeliMobilGue raises $10m Series A
Indonesia’s BeliMobilGue, a used car trading platform backed by a number of VCs, has raised $10 million in a Series A round led by parent company Frontier Car Group with participation from Toyota Tunas Indonesia.
Vision Knight backs Chinese personal care products maker
Vision Knight Capital has led a RMB200 million ($29 million) Series C round for Soocas, a Shenzhen-based manufacturer of personal care products such as electric toothbrushes and hairdryers.