Our weekly column summarizes the tech financing highlights in China in this week.
Cloud computing and big data technology are fast becoming two fundamental infrastructures for companies in this Internet and big data era. Many internet giants such as Alibaba have hopped on the bandwagon, and are also investing in some startups. Cloud computing and big data can be used in various industries. We can expect more entrepreneurs to start businesses in this growing industry as these infrastructures become more indispensable for companies that have online businesses.
Cloud computing and big data service provider Dt Dream receives USD 110 million for Series A
Dt Dream
Founder: Wu Jingchuan
Founded in: 2015
Financing status: RMB 750 million (USD 110 million) Series A round in 2017
Cloud computing and big data service provider Dt Dream on Thursday receives USD 110 million for its Series A financing round to provide its business partners with more comprehensive cloud services.
Automobile e-commerce platform Gongxifache receives USD 11.8 M for Series A
Gongxifache
Founded in: 2015
Financing status: RMB 80 million (USD 11.8 million) Series A financing in 2017
Automobile e-commerce platform Gongxifache on Friday receives USD 11.8 M for its Series A round to introduce financial services to its partners to improve their efficiency for automobile transactions.
Wireless charging technology company Chushan receives undisclosed pre-Series A in millions of USD
Chushan
Founder: Hao Peng
Founded in: 2015
Financing status: 2017 pre-Series A financing amounting to tens of millions in RMB (a few million USD)
Wireless charging technology company Chushan on Saturday receives undisclosed pre-Series A in millions of USD to recruit new talents for its technology team.
Electric car rental startup 1buyongche receives USD 20 million for Series A
1buyongche
Founder: Tian Haiyu
Founded in: 2016
Financing status: RMB 135 million (USD 20 million) Series A round in 2017
Electric car rental startup 1buyongche on Monday receives USD 20 million for its Series A financing round to expand its rental business to new cities.
City express delivery services provider Shansong receives USD 50 M for Series C+
Shansong
Founded in: 2014
Financing status: RMB 340 million (USD 50 million) Series C+ round in 2017
City express delivery services provider Shansong on Friday receives USD 50 M for its Series C+ financing round to invest more on marketing to boost its leading status in this industry.
Agriculture service provider Farmfriend receives USD 7.4 million for Series A
Farmfriend
Founder: Yu Yang
Founded in: 2016
Financing status: RMB 50 million (USD 7.4 million) Series A round in 2017
Agriculture service provider Farmfriend on Tuesday receives USD 7.4 million for its Series A financing round to enhance its agricultural services for protect farms from pests.
Car safety services provider E-car receives USD 5.9 million for Series A
E-car
Founder: Yin Jianhong
Financing status: RMB 40 million (USD 5.9 million) Series A round in 2017
Car safety services provider E-car on Tuesday receives USD 5.9 million for its Series A financing round to integrate artificial intelligence technology with its car safety services.
Smart health gadgets manufacturer Yunmai receives USD 10 million for Series B
Yunmai
Founder: Wang Yang
Founded in: 2014
Financing status: RMB 68 million (USD 10 million) Series B round in 2017
Smart health gadgets manufacturer Yunmai on Wednesday receives USD 10 million for its Series B financing round to integrate cloud computing and big data technology with its smart gadgets.
Educational robotics company Mento receives undisclosed pre-Series A in millions of USD
Mento
Founder: Liu Qi
Financing status: 2017 pre-Series A round amounting to tens of millions in RMB (a few million USD)
Educational robotics company Mento on Wednesday receives an undisclosed pre-Series A round in millions of USD to improve the efficiency of its educational robots based on artificial intelligence.
Social networking app Tantan receives USD 70 million for Series D
Tantan
Founder: Pan Ying
Founded in: 2014
Financing status: RMB 476 million (USD 70 millon) Series D round in 2017
Social networking app Tantan on Friday receives USD 70 million for its Series D financing round from YY.com to introduce live streaming into its app.
(Top photo from 58pic.com)
