Our weekly column summarizes the tech financing highlights in China this week.
News aggregation continues to be a hot area for companies, even the Chinese search engine giant, Baidu, is targeting it. Based on big data and advanced technologies, new aggregation is a door for meeting users’ customized and interest-oriented demands, as well as precise marketing to target different users. This week we have Chinese news aggregator Toutiao’s rival, Yidian Zixun, securing USD 100 million for Series E financing round.
Mobile news aggregator Yidian Zixun receives USD 100M for Series E
Yidian Zixun
Founder: Zheng Chaohui
Founded in: 2013
Financing status: RMB 661 million (USD 100 million) for Series E financing in 2017
Mobile news aggregator Yidian Zixun received USD 100 million for Series E on October 17 to solidify its content system.
K12 online education firm KnowBox receives USD 30M for Series B+
KnowBox
Founder: Liu Ye
Founded in: 2015
Financing status: RMB 200 million (USD 30 million) for Series B+ financing in 2017
K12 online education firm, KnowBox, received USD 30 million for Series B+ on October 12 for more products in various education scenes.
Fintech startup MioTech receives USD 7M for Series A
MioTech
Founder: Jason Tu
Financing status: RMB 46 million (USD 7 million) for Series A financing in 2017
Fintech startup, MioTech, received USD 7 million for Series A on October 12 to develop artificial intelligence based software.
Fitness O2O platform Lefit receives USD 45M for Series C
Lefit
Founder: Han Wei
Founded in: 2015
Financing status: RMB 300 million (USD 45 million) for Series C financing in 2017
Fitness O2O platform, Lefit, received USD 45 million for Series C on October 13 to invest in market expansion plans.
Part-time service platform QTSHE receives USD 9M for Series B
QTSHE
Founder: Deng Jianbo
Founded in: 2013
Financing status: RMB 60 million (USD 9 million) for Series B financing in 2017
Part-time service platform, QTSHE, received USD 9 million for Series B on Oct. 16 to solidify its business model and expand to more cities.
Fresh juice vending machine startup Vingoojuice receives USD 60M for Series B
Vingoojuice
Founder: Zhou Qi
Founded in: 2009
Financing status: RMB 400 million (USD 60 million) for Series B financing in 2017
Fresh orange juice vending machine startup, Vingoojuice, received USD 60 million for Series B on October 17 to expand to the unmanned retail industry.
Autonomous driving technology startup Momenta receives USD 46M for Series B2
Momenta
Founder: Cao Xudong
Founded in: 2016
Financing status: RMB 200 million (USD 30 million) for Series B2 financing in 2017
Autonomous driving technology startup, Momenta, received USD 30 million for Series B2 financing round on October 17 to invest in artificial intelligence technologies.
Online computer rental startup Edianzu receives USD 18M for Series B
Edianzu
Founder: Ji Pengcheng
Founded in: 2015
Financing status: RMB 120 million (USD 18 million) for Series B financing in 2017
Online computer rental startup Edianzu received USD 18 million for Series B on October 18 to set more offline outlets in new cities.
Auto part supply chain platform Casstime receives USD 23M for Series B
Casstime
Founder: Jiang Yongxing
Founded in: 2015
Financing status: RMB 150 million (USD 23 million) for Series B financing in 2017
Auto part supply chain platform, Casstime, received USD 23 million for Series B on October 18 to invest in market expansions.
Second-hand goods recycling platform iXiandou receives USD 15M for Series B
iXiandou
Founder: Fang Hao
Founded in: 2015
Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017
Second-hand goods recycling platform, iXiandou, received USD 15 million for Series B on October 19 to expand its logistic and warehouse system to more cities.
