Eastern Bell Venture Capital
China’s JD.com acquires VC-backed logistics player
Chinese e-commerce giant JD.com has agreed to pay RMB3 billion ($432 million) for a controlling stake in Kuayue Express, a local VC-backed logistics operator.
Chinese CRO player Yaoyanshe raises $86m
Yaoyanshe, a Chinese contract research organization (CRO) for novel drugs, has raised RMB600 million ($86 million) across two rounds in the past eight months.
Tencent leads $360m round for China fresh produce retailer
Chinese fresh produce retailer Yipin Shengxian has raised a RMB2.5 billion ($360 million) Series C round led by Tencent Holdings and Capital Today. Eastern Bell Venture Capital re-upped.
Eastern Bell closes first US dollar fund at $365m
China’s Eastern Bell Capital has closed its first US dollar-denominated fund at $365 million, exceeding the target of $350 million.
Chinese auto parts supplier raises $28m in Series A extension
Mancando, an automotive parts supplier based in Guangdong province, has raised RMB200 million ($28 million) in an extended Series A round led by Legend Capital, with participation from Eastern Bell Venture Capital, Galaxy Capital, and Oriza FoF.
Chinese e-commerce sourcing partner xyb2b gets $100m
Xyb2b.com, a B2B platform that helps Chinese e-commerce companies source products from overseas, has completed an extended Series B round of funding worth $100 million.
Chinese B2B electronic components platforms raises Series A
Sequoia Capital China and Eastern Bell Venture Capital have led a RMB250 million ($36.3 million) Series A round for Lichuang Mall, a Chinese B2B online trading platform that specializes in electronic components.
Chinese industrial e-commerce platform gets $160m Series D
Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products, has raised $160 million in a Series D round of funding led by Tencent Holdings.
China's Yunji completes $121m US IPO, gains 29% on debut
Yunji, a Chinese membership-based e-commerce platform, gained 29% on its NASDAQ trading debut following a $121 million IPO that was largely covered by two of its private equity investors.
Tencent leads $297m Series B for China fresh food retailer
Yipinshengxian, a China-based fresh food discount supermarket operator, has raised RMB2 billion ($297 million) in a Series B round of funding led by Tencent Holdings.
China social e-commerce platform Yunji targets US IPO
Yunji, a Chinese membership-based e-commerce platform that typically works with small-scale retailers that don’t have the resources to compete online, has filed to list in the US.