A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.
DEALS OF THE WEEK
China’s Kingsoft Cloud Raises $300M Series D Round
Kingsoft Cloud (2012, Beijing), a cloud storage and distribution firm, raised $300M in Series D round led by Liyue Investment, China Minsheng Investment and Kingsoft.
INTERESTING FUNDRAISING ACTIVITY IN CHINA
China Online Travel Service Platform Mafengwo Raises $133M From General Atlantic, Temasek
Mafengwo (2010, Beijing), a travel service platform, raised $133M in Series D round involving General Atlantic, Temasek, Ocean Link, Yuantai Changqing fund, and Houpu Investment Management. Existing investors Capital Today, Hillhouse Capital and Qiming Ventures Partners have also participated in the round.
IDG Joins $50M Round In Cashier-Free Convenience Store Guoxiaomei
Guoxiaomei (2015, Chengdu), a cashier-free convenience store operator that places snack bars in corporate offices, raised $50M in Series C round involving Vertex Ventures, IDG Capital, BlueRun Ventures, Dongfang Hongdao Capital, and Desun Investment.
Gobi Partners Co-Leads $45M Series A Round In Chinese Tech News Spinoff 36Kr Media
36Kr Media (2011, Beijing), a Chinese technology news media unit spun off from parent group 36Kr, raised $45M in Series A round led by Gobi Partners and China Prosperity Capital. Focus Media Information Technology, Hangzhou Finance Investment Group Co., Ltd. and Baidu Video also participated in the round.
Yao Capital Leads $45M Round In Chinese Sports Marketing Company Shankai Sports
Shankai Sports (2010, Beijing), a sports marketing service company, raised $45M in Series B round led by Yao Capital.
Matrix Joins $33M Round In Chinese Industrial Products Trading Platform ZhenkunhangZhenkunhang (1996, Shanghai), an industrial products distribution platform, providing maintenance, repair and operation tools and consumables, raised $33M in Series B+ round led by Genesis Capital, Eastern Bell Venture Capital, and Matrix Partners China.
Chinese Checkout-Free Snack Bar Xiaoe Weidian Raises $30M As Sector Attracts More PlayersXiaoe Weidian (2015, Beijing), a snack-bar focused checkout-free convenience store operator, raised $30M in Series B round from Zijue Capital, Haikong Capital, Hainan province government and Zhongguancun Science Park.
China’s Vision Plus Capital Leads $30M Series B Round In Etong Healthcare
Etong Healthcare (2007, Shanghai), a third-party health examination service provider, raised $30M in Series B round led by Vision Plus Capital.
Samsung, ABB Join $20M Round In Chinese Machine Vision Firm Vion Technology
Vion Technology Inc., (2005, Beijing), an artificial intelligence firm specializing in machine vision, raised $20M in Series B round from Samsung Electronics, ABB, Tsing Capital and Waterwood.
Fosun RZ Leads $16M Round In Chinese Cloud Solutions Provider T2 Cloud
T2 Cloud (2011, Beijing), a cloud solutions provider which provides private cloud, mixed cloud and industrial cloud solutions for enterprises, raised $16M in Series B+ round led by Fosun RZ Capital and Qianhai Fund of Funds.
Marathon Venture leads $6.4m round in HK fintech firm Lion Rock
Lion Rock Fintech Ltd (Hong Kong), a comprehensive financial services company, raised $6.4M in an undisclosed Series round from Marathon Venture Partners.
SIG Leads New Funding Round In Chinese Online Internship Recruiting Portal Shixiseng
Shixiseng (2014, Chengdu), a Chinese online internship recruiting portal, providing recruiting services, as well as rookie training, education & consulting for students and enterprises, raised an undisclosed amount in Series A+ round led by SIG.
Sequoia Capital-backed Sports Fund Leads New Round In Shared Gym Operator Supermonkey
Supermonkey (2014, Shenzhen), a shared gym operator, raised an undisclosed amount in Series C round led by Jiansheng Sports Fund, a fund co-established by Sequoia Capital China and China Media Capital. Existing investors Ventech China, Fosun RZ Capital and Areana Capital also participated in the round.
INVESTMENTS BY CHINESE INVESTORS AND COMPANIES
CPPIB Invests $248M In Goodman’s Logistics Property Portfolio In Hong Kong
Canada Pension Plan Investment Board, a global investment management organisation, announced an investment of $248M to acquire an interest in Goodman Hong Kong Logistics Partnership, a Hong Kong-based logistics properties provider.
Tencent Acquires 5% Of Yonghui Superstore To Rival Alibaba In New Retail
Tencent Holdings, a Chinese investment holding company, is in plans to acquire 5% stake in Yonghui Superstores, a Shanghai-based Stock Exchange-listed company, for an undisclosed amount.
Honeywell to buy 25% in Chinese supply chain software firm Flux
Honeywell, a multinational conglomerate company, acquired 25% stake in Flux Information Technology, a China-based warehouse management and related supply chain software provider, for an undisclosed amount.