Tech Financing in China this week – Car-hailing is growing

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.

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Photo from 699pic.com

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.

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Photo from Baidu Images.

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.

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Photo from 699pic.com

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.

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Photo from Baidu Images.

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.

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Photo from tusimple.com

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.

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Photo from 699pic.com

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.

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Photo from Baidu Images.

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.

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Photo from 58pic.com

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.

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Photo from Baidu Images.

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.

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(Top photo from Baidu Images.)

Kaikai Shi
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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