Our weekly column summarizes the tech financing highlights in China this week.
Property rental is a basic business all over the world. There are several enterprises facilitating this age-old business by integrating advanced technology, such as the Internet, credit systems, fin-tech, and so on. Because of this, investors and enterprises continuously pay attention to this industry. Airbnb is famous for its property rental business, and always tries to expand its services in China. This week, we covered its Chinese equivalent, Tujia, when it secured USD 300M for global expansions.
China’s Airbnb equivalent Tujia receives USD 300M in Series E led by Ctrip
Tujia
Founder: Luo Jun
Founded in: 2011
Financing status: RMB 2 billion (USD 300 million) for Series E financing in 2017
China’s answer to Airbnb, Tujia, received USD 300 million for Series E led by Ctrip on October 9 for global expansions.
Sports training startup Doing Now receives USD 75M for Series A
Doing Now
Founded in: 2010
Financing status: RMB 500 million (USD 75 million) for Series A financing in 2017
Sports training startup, Doing Now, received USD 75 million for Series A on September 28 to build more consumption scenes in the sports training industry.
AI technology service provider Faqrobot receives USD 4.5M for Series A
Faqrobot
Founder: Wang Qingshen
Founded in: 2013
Financing status: RMB 30 million (USD 4.5 million) for Series A financing in 2017
AI technology service provider, Faqrobot, received USD 4.5 million for Series A on September 28 to boost its sales.
Medical AI startup VoxelCloud receives USD 15M for Series A+
VoxelCloud
Founder: Ding Xiaowei
Founded in: 2016
Financing status: RMB 100 million (USD 15 million) for Series A+ financing in 2017
Medical artificial intelligence startup, VoxelCloud, received USD 15 million for Series A+ on September 28 to expand its AI-assisted medical solutions beyond hospitals, as well as to promote innovations in medical AI technology.
Medical service platform Jijiankang receives USD 9M for angel round
Jijiankang
Founder: Wu Yong
Founded in: 2017
Financing status: RMB 60 million (USD 9 million) for angel round financing in 2017
Medical service platform, Jijiankang, received USD 9 million for angel round financing to invest in the development of big data and artificial intelligence technologies to boost its services.
Umbrella sharing startup Usan receives USD 4.5 M for angel round
Usan
Founder: Liu Qing
Founded in: 2017
Financing status: RMB 30 million (USD 4.5 million) for angel financing in 2017
Umbrella sharing startup, Usan, received USD 4.5 million for angel round financing on October 9 to expand its umbrella sharing services to more cities based on a building data model.
Mobile phone recycling startup Huishoubao receives USD 45M for Series B
Huishoubao
Founder: He Fan
Founded in: 2014
Financing status: RMB 300 million (USD 45 million) for Series B financing in 2017
Mobile phone recycling startup Huishoubao received USD 45 million for Series B on October 10 for recruitment and market expansion.
Unmanned retail solutions provider Meiweishenghuo receives USD 4.5M for SeriesA1
Meiweishenghuo
Founder: Zhou Xianjun
Founded in: 2016
Financing status: RMB 30 million (USD 4.5 million) for Series A1 financing in 2017
Unmanned retail solutions provider, Meiweishenghuo, received USD 4.5 million for a SeriesA1 financing round on October 8 to place more smart vending machines in more cities across China.
O2O freight transport platform Huolala receives USD 100M for Series C
Huolala
Founder: Shing
Founded in: 2013
Financing status: RMB 659 million (USD 100 million) for Series C financing
O2O cargo delivery platform, Huolala, received USD 100 million for Series C on October 11 to solidify its presence in cities and expand its business-oriented services.
Mini gymnasium rental startup Misspao receives USD 11M for Series A
Misspao
Founder: Bi Zhen
Founded in: 2017
Financing status: RMB 75 million (USD 11 million) for Series A financing in 2017
Mini gymnasium rental startup Misspao receives USD 11M for Series A on October 11 to invest in market expansion plans.
