Tech Financing in China this week – Smart finance and taxation solutions are in demand

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

Finance and taxation have always been problems for some startups and micro-enterprises, as they don’t have enough time and resources to deal with low-efficiency accounting or financial and taxation work. New entrepreneurs have taken advantage of this demand and begun to find new ways to provide these companies with finance and taxation services, such as integration with advanced technologies–a trend that is vastly improving efficiency in this industry.

Smart finance and taxation platform Dazhangfang receives USD 13.4M for financing

Dazhangfang

Founder: Kan Zhenfang

Founded in: 2014

Financing status: RMB 90 million (USD 13.4 million) for financing in 2017

Smart finance and taxation platform, Dazhangfang, received USD 13.4M on July 29 to expand its business to the fin-tech industry.

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Power-bank-sharing startup Guaishou Chongdian receives USD 14.8 M for Series  A

Photo from 58pic.com

Guaishou Chongdian

Founder: Cai Guangyuan

Founded in: 2016

Financing status: RMB 100 million (USD 14.8 million) for Series A financing in 2017

Power-bank-sharing startup Guaishou Chongdian, on July 27, received USD 14.8 M for Series A financing round to improve its user experience.

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E-commerce software and services provider ShopEx receives USD 104M for Series D

Photo from 58pic.com

ShopEx

Founder: Liu Jinguang

Founded in: 2002

Financing status: RMB 700 million (USD 104 million) for Series D financing in 2017

E-commerce software and services provider ShopEx, on July 28, received USD 104 M for Series D financing round. ShopEx will use the funds to invest more on the research and development of new technologies for its mobile platform.

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Mobile operating system developer Haimawan receives USD 53M for Series C

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Haimawan

Founder: Dang Jinfeng

Founded in: 2013

Financing status: RMB 360 million (USD 53 million) for Series C financing in 2017

Mobile operating system developer, Haimawan, received USD 53M for a Series C financing round on July 28 to invest in its cloud computing platform.

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Online automobile financial platform Weiclicai receives USD 5.3M for Series A

Photo from 58pic.com

Weiclicai

Founder: Xue Junlong

Founded in: 2013

Financing status: RMB 36 million (USD 5.3 million) for Series A financing in 2017

Online automobile financial platform, Weiclicai, received USD 5.3M on July 31 for Series A financing round to expand its business into more cities.

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Industrial robot developer Harmo Robotics receives USD 2.7M to mass-produce robots

Harmo Robotics

Founder: Xiao Haifeng

Founded in: 2016

Financing status: RMB 18 million (USD 2.7 million) for pre-Series A financing in 2017

Industrial robot developer, Harmo Robotics received USD 2.7M on July 31 for pre-Series A financing round for mass production of its robots and building construction.

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Artificial intelligence startup FitME receives undisclosed pre-Series A in millions of USD

Photo from 58pic.com

FitME

Founded in: 2015

Financing status: Tens of millions of RMB (a few millions USD) for pre-Series A financing in 2017

Artificial intelligence company, FitME, received pre-Series A funding on Aug 1st in the millions of USD to improve its AI algorithms and recruit more talent to expand its team.

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Automobile aftermarket supply chain services provider Kzmall receives USD 4.5 M for pre-Series A

Photo from 58pic.com

Kzmall

Founder: Jiang Renhai

Founded in: 2015

Financing status: RMB 30 million (USD 4.5 million) for pre-Series A financing in 2017

Automobile aftermarket supply chain services provider, Kzmall, received USD 4.5 M on Aug 1st for pre-Series A to construct more warehouses and upgrade its IT system.

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Peer-to-peer lending platform Dianrong receives USD 220 M for Series D

Photo from 58pic.com

Dianrong

Founder: Su Haide

Founded in: 2012

Financing status: RMB 14.8 billion (USD 220 million) for Series D financing in 2017

Peer-to-peer lending platform, Dianrong, received USD 220 million in a Series D financing round on Aug 2nd to expand its business overseas.

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Gene testing company 23mofang receives USD 6 M for Series B

Photo from 58pic.com

23mofang

Founded in: 2015

Financing status: RMB 40 million (USD 6 million) for Series B financing in 2017

Gene testing company, 23mofang, received USD 6 M on Aug 2nd for a Series B financing round to build more labs for gene testing.

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(Top photo from 58pic.com)

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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