Our weekly column summarizes the tech financing highlights in China this week.
O2O is becoming a trending model for some traditional industries to facilitate their businesses. In recent months, we have witnessed some industries integrating their services online with the help of funding to boost their businesses. These industries include catering, retailing, and so on. This week, an online-to-offline (O2O) home renovation company ikongjian secured large funds for its expansion, and this also shows that O2O has been an effective way to lower prices and improve efficiency. As O2O becomes more popular, we can expect more traditional industries to integrate their services online in the near future.
O2O home renovation platform ikongjian receives USD 32 million for Series C
ikongjian
Founder: Chen Wei
Founded in: 2014
Financing status: RMB 216 million (USD 32 million) Series C round in 2017
O2O home renovation platform ikongjian on Wednesday received USD 32 million for its Series C financing round to expand its marketing plans.
Laundry service platform Youxi receives USD 4.4 million for Series A
Youxi
Founder: Huang Kai
Founded in: 2015
Financing status: RMB 30 million (USD 4.4 million) Series A round in 2017
Laundry service platform Youxi on Friday received USD 4.4 million for its Series A financing round for business expansion.
O2O smartphone maintenance and recycling platform Hi Weixiu receives USD 7.3 million for Series A
Hi Weixiu
Founder: Fang Haisheng
Founded in: 2015
Financing status: RMB 50 million (USD 7.3 million) Series A round in 2017
O2O smartphone maintenance and recycling platform Hi Weixiu on Friday received USD 7.3 million for its Series A financing round to expand its business.
24-hour unmanned convenience store F5 Future Store receives USD 4.4 million for Series A+
F5 Future Store
Founded in: 2014
Financing status: RMB 30 million (USD 4.4 million) Series A+ round in 2017
24-hour unmanned convenience store F5 Future Store on Monday received USD 4.4 million for its Series A+ financing round to open new convenience stores in new cities.
Digital publishing company Dook Book receives USD 18 M for Series A
Dook Book
Founded in: 2006
Financing status: RMB 128 million (USD 20 million) Series A round in 2017
Digital publishing company Dook Book on Tuesday received USD 18 million for its Series A financing round to recruit new talent to expand its team.
Car parking service platform Parkbees receives USD 5.9 million for Series A+
Parkbees
Founder: Xu Zhideng
Founded in: 2015
Financing status: RMB 40 million (USD 5.9 million) Series A+ round in 2017
Car parking service platform Parkbees on Tuesday received USD 5.9 million for its Series A+ financing round to combine car financial services with its platform.
Car rental service platform Guancar receives undisclosed angel round in millions of USD
Guancar
Founded in: 2015
Financing status: 2017 Series A+ round amounting to tens of millions in RMB (a few million USD)
Car rental service platform Guancar on Tuesday received an undisclosed angel round in millions of USD to recruit new talents to build a larger technology team.
Instant messaging cloud service platform RongCloud receives USD 14.7 million for Series B
RongCloud
Founder: Han Ying
Founded in: 2014
Financing status: RMB 100 million (USD 14.7 million) Series B round in 2017
Instant messaging cloud service platform RongCloud on Wednesday received USD 14.7 million for its Series B financing round to fund its global expansion plans.
Biopharmaceutical company Zai Lab receives USD 30 million for Series C
Zai Lab
Founder: Du Ying
Founded in: 2014
Financing status: RMB 203 million (USD 30 million) Series C round in 2017
Biopharmaceutical company Zai Lab on Thursday received USD 30 million for its Series C financing round towards the research and development of new drugs.
Kids digital education platform Creative Knowledge receives undisclosed Series A in millions of USD
Creative Knowledge
Founder: Zhang Caisheng
Founded in: 2008
Financing status: 2017 Series A round amounting to tens of millions in RMB (a few million USD)
Kids digital education platform Creative Knowledge on Thursday received an undisclosed Series A financing round in millions of USD to sell its digital education products to new customers.
(Top photo from 58pic.com)
