Business park developer D&J China received USD 180M for Series D
Founder: Sun Dongping
Founded in: 2014
Financing status: RMB 11.8 billion (USD 180 million) for Series D financing in 2017
Business park developer, D&J China, received USD 180 million for Series D on September 18 to focus on developing its business in China’s first-tier cities.
D&J China is a business park and suburban office developer and operator that mainly provides construction services for enterprises targeting China’s first-and second-tier cities. Its services include headquarters park construction, the customization of standard factories, and data center construction in order to help tenants lower the potential cost of land sourcing, infrastructure, and facilities construction.
D&J China was co-founded by Warburg Pincus and Chinese real estate entrepreneur Sun Dongping in 2014. Sun is also chairman and CEO of D&J China. Currently, it has a total construction area of more than 2 million square meters of headquarter parks and factories in Shanghai, Beijing, Shenzhen, Nanjing, and other places. Additionally, it also invests in quality assets and cooperates with modern infrastructure services providers across the entire industry value chain.
This new financing round was led by Warburg Pincus. The capital will be used to facilitate its park development in cities across China, and provide more flexible solutions for acquisition and leaseback, custom development, standards development, and so on.
Automotive supply chain platform Ejauto receives undisclosed financing in millions of USD
Founder: Pan Ying
Founded in: 2014
Financing status: Undisclosed financing round amounting to tens of millions in RMB (a few million USD)
Automotive supply chain platform, Ejauto, received undisclosed financing in millions of USD on September 18 to integrate big data, cloud computing, and AI technology to facilitate automotive sales on its platform.
Ejauto is an automotive supply chain platform that provides small and micro car dealers in China’s third and fourth tier cities with one-stop integration automotive supply services, including vehicle source transaction guarantees, financial services, logistics, intelligent customer relationship management systems, and so on. It bridges customers and car dealers for automotive transactions, and enlists car dealers to upload accurate information about their cars for sale to increase the efficiency of transactions. Additionally, it is expanding its business to after-sale services for automotive transactions, such as automobile insurance.
Founded in 2014 in Guangdong, it has cooperated with more than 100,000 car dealers in China. Besides supporting them with automotive supply chain services, it also helps them manage their supply chain and transactions.
Ejauto grabbed this new financing round led by consumer shopping guide service provider, PCGroup, with second-hand car trading platform, Jiuyuhui.com, participating as an investor. Ejauto plans to use the funds to introduce big data, cloud computing, and AI technology to support customers with a better user experience during automotive trading.
(Top photo from 699pic.com)