Online collaboration tool Yiqixie receives USD 7.8 million for Series B
Founder: Cai Jian
Founded in: 2014
Financing status: RMB 53 million (USD 7.8 million) Series B round in 2017
Online collaboration tool Yiqixie on Friday received USD 7.8 million for its Series B financing round in order to increase revenue with its market expansion plans.
Yiqixie is an online collaboration tool that provides users with document collaboration, note sharing information, and real-time communication services on its platform. It integrates documents, tables, demos, forms, and a cloud disk on its platform to form a real-time online collaboration platform.
Besides providing individual users with services, it also customizes its products and services for corporates. Its application program interface is also open to these corporate customers so that they can build special functions on the Yiqixie platform. As compared with the edition for individual users, the edition for corporates has some additional functions including security and authorization control, and other business level requirements.
Founded in 2014 in Beijing, its founding team was previously from Google. Currently, it has 40 employees and most of them are developers. It charges an average of RMB 240 a year per user.
This new financing round was led by Kuaishou, with WPSOffice and Yunqi Partners participating as investors. The capital will be used to introduce artificial intelligence technology to Yiqixie’s collaboration platform for automatic check syntax and spelling errors, as well as start market expansion to acquire new users to increase its revenue.
Fitness app Qing+ receives USD 8.8 million for Series C
Founder: Liu Baojian
Founded in: 2014
Financing status: RMB 60 million (USD 8.8 million) Series C round
Fitness app Qing+ on Friday received USD 8.8 million for its Series C financing round to manufacture and sell food for dieting.
Qing+ is a fitness mobile app that provides young women who want to lose weight with a one-stop weight management service. Its services focus on diet and exercise.
In terms of diet, the Qing+ app tells users how to eat healthier food. It collects recipes from chain restaurants, and its nutritionist team analyzes the calories and ingredients in these recipes so that they can give users some suggestions for food intake. It also sells 7-day subscription slimming meals in some cities, so that users do not need to prepare it themselves. In addition, it provides users with customized dietary consultant services on its app.
As for exercise, Qing+ develops video courses for users to help them improve workout efficiency. It also sells sports equipment on its app. Moreover, users can communicate and share their experience with workouts on its online network community.
The Zhuhai-based company has so far attracted more than 30 million users on its app, with over 600,000 of them being daily active users.
This Series C financing round was from a group of investors including Puhua Capital, ArrayNetworks and China actress and model Gao Yuanyuan. The capital will be used to introduce food for dieting on its platform as well as invest more on marketing.
（Top photo from 58pic.com）