Tech Financing in China this week – Parking services thriving

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

China’s car ownership has experienced an 11 percent increase over the previous year, only second to the United States. That number is expected to surge by eight percent every year to reach 280 million by 2021. With the increase of cars in China, the lack of parking lots has become a severe problem. This has opened new opportunities for the parking industry. This week a parking management startup called Sunsea Parking landed a USD 227 million financing round from the US-based venture capital firm, Warburg Pincus.

Parking management startup Sunsea Parking receives USD 227M for Series A

Sunsea Parking

Founder: Yan Liang

Founded in: 2006

Financing status: RMB 1.5 billion (USD 227 million) for Series A financing in 2017

Parking management startup, Sunsea Parking, received USD 227 million for Series A on November 29 for market expansions.

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Photo from jc.house

Intelligent logistics startup Whalehouse receives USD 15M for Series B from Baidu

Whalehouse

Founder: Li Linzi

Founded in: 2012

Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017

Intelligent logistics startup, Whalehouse, received USD 15 million for Series B from Baidu on November 24 to spread its intelligent automated warehouse solutions.

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Photo from 699pic.com

Precision medicine startup 3DMed receives USD 120M for Series E

3DMed

Founder: Simon Shung

Founded in: 2010

Financing status: RMB 670 million (USD 120 million) for Series E financing in 2017

Precision medicine startup, 3DMed, received USD 120 million for Series E on November 23 for the R&D of new precision medicine solutions.

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Photo from guoxiaomei.com

Unmanned convenience store Guoxiaomei receives USD 45M for Series C

Guoxiaomei

Founder: Yan Limin

Founded in: 2017

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

Unmanned convenience store, Guoxiaomei, received USD 45 million for Series C on November 23 for market expansions.

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Photo from 699pic.com

Medical imaging startup Campo Imaging receives USD 15M for Series A

Campo Imaging

Founder: Sun Zhaochang

Founded in: 2010

Financing status: RMB 100 million (USD 15 million) for Series A financing in 2017

Medical imaging startup, Campo Imaging, received USD 15 million for Series A on November 24 to develop the artificial intelligence (AI) sector with its medical imaging technology.

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Photo from vcg.com

Auto financial services platform Chedaidai receives USD 9M for Series A+

Chedaidai

Founder: Gao Jiaxi

Founded in: 2016

Financing status: RMB 600 million (USD 9 million) for Series A+ financing in 2017

Auto financial services platform, Chedaidai, received USD 9 million for Series A+ on November 27 to build an ecosystem of auto financial services.

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Photo from 699pic.com

Medical big data startup SYNYI.AI receives USD 8M for Series A

SYNYI.AI

Founder: Zhang Shaodian

Founded in: 2016

Financing status: RMB 55 million (USD 8 million) for Series A financing in 2017

Medical big data startup, SYNYI.AI, received USD 8 million for Series A on November 27 to invest in market expansion plans.

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Photo from Baidu Images.

Power bank sharing startup Futejia receives USD 45M for Series A

Futejia

Founder: Ding Minglei

Founded in: 2017

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

Power bank sharing startup, Futejia, received USD 45 million for Series A on November 28 to further invest in the R&D of new products.

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Photo from 699pic.com

O2O smartphone repair service startup Shanxiuxia receives USD 15M for Series B

Shanxiuxia

Founder: Wang Yuan

Founded in: 2015

Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017

O2O smartphone repair service startup, Shanxiuxia, received USD 15 million for Series B on November 28 to build an on-site smartphone repair ecosystem.

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Photo from 699pic.com

Fresh distribution platform FreshMart receives undisclosed Series A

FreshMart

Founder: Pan Wenwei

Founded in: 2014

Financing status: Undisclosed Series A financing in 2017

Fresh distribution platform, FreshMart, received an undisclosed Series A financing round on November 29 to introduce new retail operational modes.

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(Top photo from 699pic.com)

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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