Source Code Capital
China fabrics platform Baibu raises $300m
Baibu, a Chinese B2B trading and services platform for the textiles and fabrics industry, has raised a $300 million Series D round led by DST Global.
Chinese GPs back $120m Series B for OPay
A group of Chinese investors including Gaorong Capital and Sequoia Capital China have joined a $120 million Series B round for Nigerian logistics and payments technology company Opay.
Chinese auto parts platform Casstime raises $80m
Sequoia Capital China and Source Code Capital have co-led a $80 million funding round – described as the first tranche of a Series C – for Chinese aftermarket car parts supplier Casstime.
Huaxing, Hillhouse lead $50m round for China's Hetao 101
Hetao 101, a Chinese online education platform dedicated to computer programming for children, has raised $50 million in Series B funding.
Tencent re-ups in China B2B trading platform Yijiupi
Tencent Holdings has invested $80 million in Yijiupi, a China-based online B2B trading platform that is looking to continue its expansion from liquor into other consumer goods categories.
China equipment rental player gets $167m in equity, debt funding
Zhongneng United, a Chinese construction equipment supplier specializing in aerial work platforms, has raised RMB150 million ($22 million) in equity funding as an extension to its Series B round and secured an additional RMB1 billion in bank financing.
Chinese GPs back Nigeria’s OPay
Nigeria-based online services platform OPay has raised a $50 million funding round with participation by a number of Chinese investors, including IDG Capital, Source Code Capital, Sequoia Capital China, Meituan-Dianping, and GSR Ventures.
Deal focus: Weimai seeks healthcare monetization
Weimai plans to leverage a fresh $100 million funding round to bring new technologies to Chinese hospitals. This will include a growing focus on services outside the public health system
IDG leads $100m round for China healthcare platform Weimai
IDG Capital has led a $100 million funding round for Weimai, a Chinese healthcare-focused big data platform that helps hospitals and clinics in lower-tier cities automate everything from appointment registration to medical records management.
Sequoia, Coatue lead $70m round for China's Yunquna
Sequoia Capital China and Coatue Management have a led a $70 million Series C round of funding for Yunquna, an online logistics services platform for the shipping industry.
China's Source Code raises $570m for latest US dollar funds
Source Code Capital, a Chinese VC firm founded by Yi Cao (pictured), formerly a partner at Sequoia Capital China, has closed two new US dollar vehicles at $570 million.
Capital Today leads round for Chinese convenience store chain
China-based convenience store chain operator Linji has raised $30 million in Series B funding led by Capital Today China Group, with participation from existing investor Source Code Capital.
Source Code leads round for China machinery rental business
China-based Zhongneng United, which rents out aerial work platforms that provide temporary access to inaccessible areas, has raised $50 million in Series B funding led by Source Code Capital.
China B2B trading platforms: Business friendly
Online B2B trading platforms have the potential to bring efficiency and pricing transparency to the more fragmented segments of China’s industrial economy. It’s all about picking the right vertical at the right time
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.
China’s Yimidida raises $266m Series D
Chinese logistics firm Yimidida has raised RMB1.8 billion ($266.1 million) in a Series D round of funding led by Boyu Capital.
China industrial e-commerce player Ruigu raises $33.5m
Ruigu Shop, a Chinese online retailer focused on electrical hardware, has raised RMB230 million ($33.5 million) in an extended Series B round led by Immensus Capital.
China online fabrics trader Baibu raises $100m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $100 million in a second tranche of Series C funding led by Tiger Global Management.
Source Code re-ups in Chinese computer rental start-up
Edianzu, a Chinese start-up that rents out computers and other office equipment to corporate customers, has raised $60 million in Series D funding led by existing investor Source Code Capital.
Chinese B2B liquor trading platform gets $200m Series C
Tencent Holdings and Meituan-Dianping have led a $200 million Series D funding round for business-to-business (B2B) online liquor trading platform Yijiupi.
China healthcare big data platform gets $30m Series B
Weimai, a Chinese healthcare-focused big data platform that operates on a city-by-city basis, has received $30 million in Series B funding led by Cenova Ventures, Source Code Capital, Vision Plus Capital, and Matrix Partners China.
Chinese autonomous driving player Yihang raises Series B
Yihang.ai, a Chinese autonomous driving technology provider, has received RMB220 million ($32.2 million) in Series B funding led by a fund managed by China International Capital Corporation (CICC).
Chinese online fabrics trader Baibu raises $30m
Baibu, a Chinese B2B trading platform for textiles and fabrics, has received $30 million in a first tranche of Series C funding led by Bull Capital Partners.
China Growth Capital leads round for Cheduoduo
China Growth Capital has led a $17.7 million Series A round of funding for Cheduoduo, a newly launched Chinese used car trading platform, with participation from Source Code Capital.