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Tech Financing in China this week – Bookkeeping leads trend

Our weekly column summarizes the tech financing highlights in China this week.

Personal bookkeeping, as well as personal wealth management and financial services are in demand. With the development of economic in China, people have more spare money as they earn more, then how to manage their wealth is a new problem for them. Personal financial services not only attach to loans or installment services, but also help them get the point to be more economic, as well as offers wealth management support.

Personal bookkeeping app Suishouji receives USD 200M for Series C

Suishouji

Founded in: 2010

Financing status: RMB 1.3 billion (USD 200 million) for Series C financing in 2017

Personal bookkeeping app, Suishouji, received USD 200 million for Series C on September 25 to update its product experience.

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Recruitment site Lagou received USD 120M for series D from 51Job

Lagou

Founder: Xu Dandan

Founded in: 2013

Financing status: RMB 789 million (USD 120 million) for Series D financing round in 2017

Recruitment site, Lagou, received USD 120 million for series D from 51Job on September 22 to prepare for an IPO in the U.S.

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Medical image diagnosis company Infervision received USD 18M for Series B

Infervision

Founder: Chen Kuan

Founded in: 2014

Financing status: RMB 120 million (USD 18 million) for Series B financing in 2017

Medical image diagnosis company, Infervision, received USD 18M for Series B on September 21 to speed up the commercialization of medical image diagnoses.

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Online radio platform Qingting.fm receives USD 151M for Series E

Qingting.fm

Founder: Zhang Qiang

Founded in: 2011

Financing status: RMB 1 billion (USD 151 million) for Series E financing in 2017

Online radio platform, Qingting.fm, received USD 151 million for Series E financing round on September 22 to prepare for an IPO.

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Online travel agency Lvmama receives USD 151M for financing

Lvmama

Founder: Hong Qinghua

Founded in: 2008

Financing status: RMB 1 billion (USD 151 million) for financing in 2017

Online travel agency Lvmama received USD 151 million for financing on September 21 to to combine industries and financing in tourism industry development.

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Auto parts e-commerce platform AutoCloudPro received USD 9M for Series B

AutoCloudPro

Founder: Hao Dingwen

Founded in: 2016

Financing status: RMB 60 million (USD 9 million) for Series B financing in 2017

Auto parts e-commerce platform AutoCloudPro received USD 9 million for Series B on September 25 to launch 100 offline shops in China by the end of 2018.

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Co-working space operator Distrii receives USD 20M for Series A 

Distrii

Founder: Hu Jing

Founded in: 2015

Financing status: RMB 200 million (USD 30 million) for Series A financing in 2017

Co-working space operator, Distrii, received USD 30 million for Series A on September 26 to expand its businesses overseas.

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Mobile health management platform Miaojiankang receives USD 18M for Series B+
Miaojiankang

Founder: Kong Fei

Founded in: 2014

Financing status: RMB 120 million (USD 18 million) for Series B+ financing in 2017

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Online apartment rental platform iShangzu receives USD 45M for Series B

iShangzu

Founder: Ma Jie

Founded in: 2015

Financing status: RMB 300 million (USD 45 million) for Series B financing in 2017

Online apartment rental platform, iShangzu, received USD 45 million for Series B on September 28 to boost its operational efficiency.

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Home products e-commerce platform Quanwuyoupin receives USD 5M for Series A

Quanwuyoupin

Founder: Zhou Zhisheng

Founded in: 2016

Financing status: RMB 30 million (USD 5 million) for Series A financing in 2017

Home products e-commerce platform Quanwuyoupin received USD 5 million for Series A on September 27 to test new forms of sale.

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