Our weekly column summarizes the tech financing highlights in China this week.
The number of startups and micro-enterprises is increasing all over the world. These companies prefer to focus on their products and services, and hire other companies to satisfy their work space and other enterprise-related service demands, including security, financial support, and front desk consulting, among others. UrWork is a giant in this industry. It seized the opportunity early on to launch a co-working space business and is currently expanding overseas.
Co-working space startup UrWork received USD 178 M for pre-Series C
UrWork
Founder: Mao Daqing
Founded in: 2015
Financing status: RMB 1.2 billion (USD 178 million) for pre-Series C financing in 2017
Co-working space startup, UrWork, received USD 178 M for pre-Series C on August 7 to expand globally.
Fresh food e-commerce platform Yiguo receives USD 300 M for financing
Yiguo
Founder: Jin Guanglei
Founded in: 2015
Financing status: RMB 2 billion (USD 300 million) for financing in 2017
Fresh food e-commerce platform, Yiguo, received USD 300 million in financing on August 3rd to integrate its service with Tmall.com’s online supermarket.
Traditional Chinese medicine clinic chain Gushengtang receives USD 150M for Series D
Gushengtang
Founder: Xuzhiliang
Founded in: 2010
Financing status: RMB 1 billion (USD 150 million) for Series D financing in 2017
Traditional Chinese medicine clinic chain, Gushengtang, received USD 150 M for Series D on August 3rd to recruit more doctors and open new clinics.
Humanoid robot company Leju Robotics receives USD 7.4 M for financing
Leju Robotics
Founder: Leng Xiaokun
Founded in: 2016
Financing status: RMB 50 million (USD 7.4 million) for financing in 2017
Humanoid robot company, Leju Robotics, received USD 7.4 M for financing on August 5 to develop new robotics products.
Online oral English learning platform Micro Language receives USD 4.5 M for Series A+
Micro Language
Founder: Zhu Chunna
Founded in: 2016
Financing status: RMB 30 million (USD 4.5 million) for Series A+ financing
Online oral English learning platform, Micro Language, received USD 4.5 M for Series A+ on August 4 for market expansion plans.
Cloud computing solutions provider T2Cloud received USD 14 M for Series B
T2Cloud
Founder: Wu Kai
Founded in: 2015
Financing status: RMB 100 million (USD 14 million) for Series B financing in 2017
Cloud computing solutions provider, T2Cloud, received USD 14 M for Series B on August 7 to expand its business to the financial industry.
Mini gymnasium rental startup Misspao receives undisclosed angel round in millions of USD
Misspao
Founder: Bi Zhen
Founded in: 2017
Financing status: Angel round in 2017 amounting to tens of millions in RMB (a few million USD)
Mini-gymnasium rental startup, Misspao, received angel round funding in the millions of USD on August 8 to place its mini-gymnasiums in communities across Beijing.
Network information security services provider Secpoint received USD 6.7 M in financing
Secpoint
Founder: Xu Xin
Founded in: 2016
Financing status: RMB 45 million (USD 6.7 million) in financing in 2017
Network information security services provider, Secpoint, received USD 6.7 M in financing on August 7 to invest in market expansion plans.
Bio-tech company New Horizon Health received USD 20 M for Series A+
New Horizon Health
Founder: Zhu Yeqing
Founded in: 2016
Financing status: RMB 133 million (USD 20 million) for Series A+ financing in 2017
Bio-tech company New Horizon Health received USD 20 M for Series A+ on August 9 to improve its development of new cancer treatments.
City express delivery services provider Shansong received undisclosed Series C+
Shansong
Founded in: 2014
Financing status: RMB 340 million (USD 50 million) for Series C+ financing in 2017
City express delivery services provider, Shansong, received undisclosed Series C+ on August 8 to recruit more employees to expand its business into more cities.
（Top photo from 58pic.com）
