Our weekly column summarizes the tech financing highlights in China this week.
With the development of the Internet in recent years, used car trading is one area in the used goods trading sector that has been growing fast in China. More and more sellers are trying to sell their used cars online as it is easier to find buyers this way than the current conventional ways. In addition, it eliminates the need to pay for middlemen. Guazi.com is China’s largest C2C used car trading platform that has attracted several famous venture capital companies’ attention this week. Will the Internet and online services continue to boost the used goods trading economy?
Largest C2C used car trading platform Guazi.com receives USD 400 million for Series B
Guazi.com
Founder: Yang Haoyong
Founded in: 2015
Financing status: RMB 27 billion (USD 400 million) Series B round in 2017
China’s largest C2C used car trading platform Guazi.com on Thursday received USD 400 million for its Series B financing round to increase its used car trading volume on its platform.
Used car auction platform Chezhibao receives USD 73 million for Series C+
Chezhibao
Founder: Huang Le
Founded in: 2012
Financing status: RMB 500 million (USD 73 million) Series C+ round in 2017
Used car auction platform Chezhibao on Thursday received USD 73 million for its Series C+ financing round to launch financial services to boost its used car trading.
Children’s reading platform Ellabook receives USD 7.3 M for Series A
Ellabook
Founder: Ren Hui
Founded in: 2013
Financing status: RMB 50 million (USD 7.3 million) Series A round in 2017
Children’s reading platform Ellabook on Friday received USD 7.3 million for its Series A financing round for the research and development of “animation books”.
Mobile live streaming platform Nonolive receives financing in tens of millions in USD
Nonolive
Founder: Su Zhenxiong
Founded in: 2016
Financing status: 2017 financing round amounting to hundreds of millions in RMB (tens of millions in USD)
Mobile live streaming platform Nonolive on Friday received financing in tens of millions in USD to expand its business to new countries.
Co-working space Bigger receives USD 18 million for Series A
Bigger
Founder: Zhou He
Founded in: 2015
Financing status: RMB 123 million (USD 18 million) Series A round in 2017
Co-working space Bigger on Tuesday received USD 18 million for its Series A financing round to upgrade its office services.
O2O car services platform JekunAuto receives USD 7.3 million for Series A+
JekunAuto
Founder: Gao Jiqun
Founded in: 2013
Financing status: RMB 50 million (USD 7.3 million) Series A+ round in 2017
O2O car services platform JekunAuto on Tuesday received USD 7.3 million for its Series A+ financing round to recruit more talent to expand its business.
VR content company appMagics receives undisclosed Series A+ in millions of USD
appMagics
Founder: Fu Yingna
Founded in: 2014
Financing status: 2017 Series A+ round amounting to tens of millions in RMB (a few million USD)
VR content company appMagics on Thursday received an undisclosed Series A+ round in millions of USD to expand its marketing plans.
Mobile work platform Cloud-Hub receives undisclosed Series A in tens of millions in USD
Cloud-Hub
Founder: Tian Rongxing
Founded in: 2012
Financing status: 2017 Series A round amounting to hundreds of millions in RMB (tens of millions in USD)
Mobile work platform Cloud-Hub on Wednesday received an undisclosed Series A financing round in tens of millions in USD to improve efficiency of its platform by introducing big data technology.
Global logistics service platform YunQuNa receives USD 7.3 M for Series A+
YunQuNa
Founder: Zhou Shihao
Founded in: 2015
Financing status: RMB 50 million (USD 7.3 million) Series A+ round in 2017
Global logistics service platform YunQuNa on Thursday received USD 7.3 million for its Series A+ financing round to expand its business to new cities in China.
Agricultural supply chain service platform DFS168.com receives USD 29 M for Series B
DFS168.com
Founder: Tan Zexin
Founded in: 2014
Financing status: RMB 200 million (USD 29 million) Series B round in 2017
Agricultural supply chain service platform DFS168.com on Thursday received USD 29 million for its Series B financing round to improve efficiency of its supply chain.
(Top photo from 58pic.com)
