Xiang He Capital
GGV, Soul Capital lead Series B for China's Yunmanman
Yunmanman, a cold-chain logistics start-up incubated by trucking platform Manbang, has raised a Series B round of several hundred million renminbi led by GGV Capital and Soul Capital. Xiang He Capital also took part.
Logistics start-up Lalatech pursues Hong Kong IPO
Lalatech Holdings, the parent company of Hong Kong delivery platform Lalamove, has filed for an IPO in Hong Kong. This would represent a liquidity event for the likes of Hillhouse Capital, MindWorks Ventures, and Shunwei Capital.
5Y leads $74m round for China AI drug developer
Beijing-based HeliXon, an artificial intelligence-enabled developer of protein-based drugs, has raised CNY 500m (USD 75m) in Series A funding led by 5Y Capital. Other investors include Gaorong Capital and Neumann Capital.
China's Sensors Data raises $200m
Chinese marketing technology provider Sensors Data has raised a USD 200m Series D round led by Tiger Global Management and The Carlyle Group.
China AI drug developer BioMap raises $100m
GGV Capital has led a $100 million Series A round for BioMap, a China-based biological computing platform. It marks the first time the company has sought external funding.
China's Manbang trades up after $1.57b US offering
Manbang, a China trucking business that claims to be the world’s largest digital freight platform, gained 13% on debut following a $1.57 billion IPO in the US.
China trucking platform Manbang files for US IPO
Manbang, a China trucking business that claims to be the world’s largest digital freight platform, has filed for a US IPO. The company achieved a valuation of $12 billion in its most recent funding round six months ago.
China's NextData raises $135m Series D
NextData, a China-based cybersecurity services provider, has secured $135 million in Series D funding led by CPE, Matrix China Partners, Hopu Investment, Tencent Holdings, and Xiang He Capital.
China education player Zuoyebang raises $750m
Zuoyebang, a Chinese K-12 education platform that spun out from domestic search giant Baidu, has raised $750 million in Series E funding led by Fountainvest Partners and Tiger Global Management.
China auto parts supplier Mancando gets $57m Series B
Mancando, a Chinese automotive parts supplier, has raised a RMB400 million ($56.6 million) Series B round led by Huaxing Growth Capital. Xiang He Capital, Axiom Asia Private Capital and Oriza FoF also took part.
China’s Sensors Data secures $30m Series C-plus round
Chinese big data company Sensers Data has raised an extended Series C round of $30 million led by Xiang He Capital. Other investors include Morningside Venture Capital, DCM China, Warburg Pincus, Sequoia Capital China, Linear Venture, and FutureCap.
Chinese big data player DataCanvas raises $17m
Beijing ZetYun Tech, also known as DataCanvas, has raised RMB120 million ($17 million) in Series C funding across two tranches. Participants include Zhongguancun Frontier Fund, GF Qianhe, Delta Capital, and Shidake Investment.
China's NextData gets $73m Series C
Tencent Holdings and XiangHe Capital have led a $73 million Series C round for China-based cybersecurity services provider NextData.
China SaaS: Dark side of the moon
Venture capital investors in China are turning their minds and manpower to the country’s nascent enterprise software opportunity, but the evolution curve is unlikely to be an exact match of the US
Fund focus: China’s Xiang He hits $425m hard cap on Fund II
Baidu spin-out Xiang He Capital draws on networks and experience from the corporate sphere to differentiate itself in China’s VC market. It has $425 million in dry powder to put this proposition to the test