A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.
DEALS OF THE WEEK
Tencent Leads $400M Round In Chinese Robot Maker Ubtech At $4B Valuation
Ubtech Robotics (2012, Shenzhen), a humanoid robot maker, raises $400M in Series C round led by Tencent Holdings Ltd.
INTERESTING FUNDRAISING ACTIVITY IN CHINA
Tencent invests $150M in Chinese ticketing platform Maoyan
Maoyan (2013, Beijing), a movie ticketing platform, raises $150M in Series B round led by Tencent Holdings Ltd.
Tiger Management Reportedly Leads $120M Round In China Logistics Firm Yunmanman
Yunmanman (2013, Shangai), a freight transportation and logistics mobile app operator, raises $120M in Series D3 round led by Tiger Management Corp.
Baidu Joins $105M Round In China’s Ride Booking App Shouqi Limousine & Chauffeur
Shouqi Limousine & Chauffeur (2015, Beijing), a ride-booking app launched by state-owned automobile enterprises Shouqi Group, raises $105M in Series B+ round from NIO Capital, Baidu Inc. and Silk Road Huachuang Beijing Co., Ltd.
Chinese AI Facial Recognition Firm CloudWalk Technology Raises 75M Series B Round
CloudWalk Technology Co., Ltd., (2015, Beijing), an artificial intelligence facial recognition firm, raises $75M in Series B round led by Shunwei Capital, Oriza Holdings and Puhua Capital.
Nvidia-Backed Chinese Autonomous Truck Technology Firm TuSimple Raises $55M In Series C Round
TuSimple (2015, Beijing), an autonomous truck driving technology firm, raises $55M in Series C round led by Fuhe Capital and existing investors Sina Corp. and Zhiping Capital.
Sequoia Capital Leads $30M Series A Round In Chinese Fresh Produce Supermarket Letus Legend
Letus Legend, a fresh produce chain supermarket operator, raises $30M in Series A round led by Sequoia Capital China.
Chinese Short-Video Mobile App Pear Video Secures $25M Round From People.Cn
Pear Video (2016, China), a short video mobile app maker, raises $25M in Pre-Around led by People.cn.
Tencent Co-Leads Funding Round In Chinese Service Robot Developer Yunji Technology
Yunji Technology (2014, Chaoyang), a service robot company, raises an undisclosed amount in Series A round from HNA Capital, Tencent Holdings Ltd., iFlytek, and Lightning Capital.
Qualcomm Ventures Invests In China Bike Sharing Firm Mobike
Mobike (2015, Shanghai), a bike sharing company, raises an undisclosed amount in a strategic financing round led by Qualcomm Ventures.
Alibaba-backed online apparel startup Grana raises venture debt from STI Financial
Grana (2013, Hong Kong), an online-only apparel brand, raises an undisclosed amount in Venture Debt round led by STI Financial Group.
Chinese fintech firm 9F Group raises big-ticket round from strategic investors
9F Group (2006), a financial services firm, raises an undisclosed amount in undisclosed Series led by Cinda International Holding Ltd, Jiang Nanchun, and Lin Qi.
INVESTMENTS BY CHINESE INVESTORS AND COMPANIES
Shenzen Capital, retail giant Suning tie up to launch $4.5B logistics fund
Shenzen Capital Group Co Ltd, a China-based venture capital firm, and Suning Commerce Group, a China based largest non-government retailer, to launch a $4.5B logistics real estate fund.
PAG Buys Controlling Stake In Chinese Matchmaking Site Backed By Match.com
PAG, an Asian alternative investment management group, acquires Zhenai, a China-based online dating site, for an undisclosed amount.