Our weekly column summarizes the tech financing highlights in China this week.
Though car-hailing has already been incorporated into our lives, the service standards in the car-hailing industry range widely. There are some car hailing startups or giants improving their service standards to meet high-end customers’ demands. This week, car-hailing giant Shouqi Limousine & chauffeur secured its latest financing round with USD 106M for Series B+.
Car-hailing platform Shouqi Limousine & chauffeur receives USD 106M for Series B+
Shouqi Limousine & chauffeur
Founded in: 1992
Financing status: RMB 700 million (USD 106 million) for Series B+ financing in 2017
Car-hailing platform, Shouqi Limousine & chauffeur, received USD 106 million for Series B+ on November 21 to build a smart ecosystem.
Short video platform PearVideo receives USD 25M for pre-Series A
PearVideo
Founded in: 2016
Financing status: RMB 167 million (USD 25 million) for pre-Series A financing in 2017
Short video platform, PearVideo, received USD 25 million for pre-Series A on November 16 to spread its range of online content.
AI unicorn SenseTime signed a strategic investment agreement with Qualcomm
SenseTime
Founder: Xu Li
Founded in: 2014
AI unicorn, SenseTime, signed a strategic investment agreement with Qualcomm on November 15 to deploy its AI algorithms in more smartphones and devices.
Kids coding education platform Codemao receives USD 18M for Series B
Codemao
Founder: Li Tianchi
Founded in: 2016
Financing status: RMB 120 million (USD 18 million) in Series B financing in 2017
Kids coding education platform, Codemao, received USD 2.2 million for financing on November 17 to design a new programming language for its coding education.
Convenience store startup Today receives USD 30M for Series B
Today
Founder: Song Yingchun
Founded in: 2014
Financing status: RMB 200 million (USD 30 million) for Series B financing in 2017
Convenience store startup, Today, received USD 30 million for Series B on November 20 to introduce big data technology and cloud computing support to its convenience store management.
Autonomous trucking startup TuSimple receives USD 55M for Series C
TuSimple
Founder: Chen Mo
Founded in: 2015
Financing status: RMB 365 million (USD 55 million) for Series C financing in 2017
Autonomous trucking startup, TuSimple, received USD 55 million for Series C on November 21 for test rides.
Online document collaboration tool Shimo receives Series A led by Toutiao
Shimo
Founder: Wu Bing
Founded in: 2014
Financing status: Undisclosed Series A financing in 2017
Online document collaboration tool, Shimo, received Series A led by Toutiao on November 21 to expand its team.
Industrial robot supplier Rokae receives USD 6M for Series A
Rokae
Founded in: 2015
Financing status: RMB 40 million (USD 6 million) for Series A financing in 2017
Industrial robot supplier, Rokae, received USD 6 million for Series A on November 21 to promote its robotic products to more industries.
Power bank sharing startup Energy Monster receives USD 30M for financing
Energy Monster
Founder: Cai Guangyuan
Founded in: 2016
Financing status: RMB 200 million (USD 30 million) for financing in 2017
Power bank sharing startup, Energy Monster, received USD 30 million on November 23 for financing to place its power bank rental machines in more consumption scenes.
Fresh food chain supermarket Shengxianchuanqi receives USD 30M for Series A
Shengxianchuanqi
Founder: Wang wei
Founded in: 2015
Financing status: RMB 200 million (USD 30 million) for Series A financing in 2017
Fresh food chain supermarket, Shengxianchuanqi, received USD 30 million for Series A on November 22 for expansion plans.
(Top photo from Baidu Images.)
