Our weekly column summarizes the tech financing highlights in China this week.
The live streaming industry is becoming popular in China with some big players grabbing a large share of the market. Some other business models also attracted the attention of venture capitalists including an online pharmacy, AI services and hardware, and so on.
YY Inc.’s live streaming platform Huya secures USD 75 M for Series A
Huya
Founded in: 2014
Financing status: RMB 517 million (USD 75 million) Series A financing in 2017
YY Inc.’s live streaming platform Huya on Tuesday secured USD 75 million for its Series A round to develop more presenters hosting live streams of their mobile games in hope of attracting new users.
Online pharmacy Jianke receives USD 50 million for Series A+
Jianke
Founder: Xie Fangmin
Founded in: 2006
Financing status: RMB 345 million (USD 50 million) Series A+ financing in 2017
Online pharmacy Jianke on Monday receives USD 50 million for Series A+ financing round to expand its business in smart healthcare services.
Online financial management platform Wangcaigu receives USD 8.7 million for Series A+
Wangcaigu
Founder: Zeng Keqing
Founded in: 2014
Financing status: RMB 60 million (USD 8.7 million) Series A+ financing in 2017
Online financial management platform Wangcaigu on Wednesday landed USD 8.7 million for its Series A+ financing round to improve its risk management system.
Art e-commerce platform Yishuvip receives USD 1.4 million for angel round
Yishuvip
Founder: Zhang Xu
Founded in: 2017
Financing status: Angel round of RMB 10 million (USD 1.4 million) in 2017
Art e-commerce platform Yishuvip on Monday received USD 1.4 million for its angel financing round to introduce big data technology to rank works of art.
AI services and hardware company Yitu receives USD 55 million for Series C
Yitu
Founder: Zhu Long
Founded in: 2013
Financing status: RMB 380 million (USD 55 million) Series C financing in 2017
AI services and hardware company Yitu on Monday received USD 55 million in Series C financing round to integrate its AI technology with clinical imaging diagnosis.
Elite social network Edate receives USD 2.9 M for pre-Series A
Edate
Founder: Cheng Yong
Financing status: RMB 20 million (USD 2.9 million) pre-Series A financing in 2017
Elite social network Edate on Tuesday landed USD 2.9 million for its pre-Series A round to expand its team for future marketing plans.
Kids coding education platform Codemao receives USD 2.2 million in financing
Codemao
Founder: Li Tianchi
Founded in: 2016
Financing status: RMB 15 million (USD 2.2 million) in financing in 2017
Kids coding education platform Codemao on Tuesday received USD 2.2 million in financing to attract new talents and start marketing campaigns.
24-hour convenience store Today receives USD 4.4 M for Series A+
Today
Founder: Song Yingchun
Founded in: 2008
Financing status: RMB 30 million (USD 4.4 million) Series A+ financing in 2017
24-hour convenience store Today on Wednesday secured USD 4.4 million for its Series A+ round to open more franchise stores with more partners across China.
Big data based marketing platform DataMip receives USD 4.4 M for Series A+
DataMip
Founder: Zhang Jie
Founded in: 2013
Financing status: RMB 30 million (USD 4.4 million) Series A+ financing in 2017
Big data based marketing platform DataMip on Wednesday secured USD 4.4 million for its Series A+ round for market expansion and talent recruitment.
(Top photo from 58pic.com)
