Tech financing in China this week – VCs drive the flourish of bikesharing

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

Shared bikes have already conquered large cities in China. We can find them everywhere to finish our short-term travel, such as ofo, Mobile, etc. While for the smaller cities in China, the competition seems not so fierce as it is in large cities. There are still users who can not find bikes as easily as in large cities. This week Hellobike secured a USD 350 million financing round led by Alibaba’s financial unit AntFinancial. Unlike other bike sharing startups that have joined the battle in large cities, Hellobike mainly earns its market share from smaller cities, and it continues to seek developments in these small cities with the help of capital.

Bike-sharing startup Hellobike receives USD 350M for Series D from AntFinancial & others

Hellobike

Founder: Yang Lei

Founded in: 2016

Financing status: RMB 2.3 billion (USD 350 million) for Series D financing in 2017

Bike-sharing startup, Hellobike, received USD 350 million for Series D from AntFinancial and others on December 4 for market expansion.

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Co-working space startup MyDreamPlus receives USD 15M for Series B

MyDreamPlus

Founder: Li Wenlei

Founded in: 2015

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

Co-working space startup, MyDreamPlus, received USD 15 million for Series B on November 30 to add technical elements to its offices for a better customer experience.

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Recruitment platform Lieluobo receives USD 15M for angel round

Lieluobo

Founded in: 2017

Financing status: RMB 100 million (USD 15 million) for angel financing round in 2017

Recruitment platform, Lieluobo, received USD 15 million for an angel financing round on November 30 to further invest in the R&D of AI technology.

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Mobile CRM platform EasyRetailPro receives USD 20M for Series B led by TencentCorp and JD.com

EasyRetailPro

Founder: Min Jie

Founded in: 2015

Financing status: RMB 132 million (USD 20 million) for Series B financing in 2017

Mobile CRM platform, EasyRetailPro, received USD 20 million for Series B led by TencentCorp and JD.com on December 1 to further strengthen the R&D of technology.

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O2O car trading platform Chexiangjia receives USD 151M for Series B

Chexiangjia

Founder: Xia Jun

Founded in: 2014

Financing status: RMB one billion (USD 151 million) for Series B financing in 2017

O2O car trading platform, Chexiangjia, received USD 151 million for Series B on December 3 to expand its offline fleets in China.

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Car sharing platform PonyCar receives USD 38M for Series C

PonyCar

Founder: Liu Yixun

Founded in: 2016

Financing status: RMB 250 million (USD 38 million) for Series C financing in 2017

Car sharing platform, PonyCar, received USD 38 million for Series C on December 3 to expand to car trading, car long-term rental, car industry financial services, and other areas.

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EV startup WMMotor receives funding from group led by Baidu Capital

WM Motor

Founder: Shen Hui

Founded in: 2014

Financing status: Undisclosed financing round in 2017

EV startup, WM Motor, received funding from a group led by Baidu Capital on December 5 to accelerate its production of new EV.

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VR startup 51wofang receives USD 32M for Series B

51wofang

Founder: Li Yi

Founded in: 2015

Financing status: RMB 210 million (USD 32 million) for Series B financing in 2017

VR startup, 51wofang, received USD 32 million for Series B on December 5 to recruit more professionals to expand its team.

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Doctor social networking app Medlinker receives USD 60M for Series C

Medlinker

Founder: Wang Shirui

Founded in: 2014

Financing status: RMB 400 million (USD 60 million) for Series C financing in 2017

Doctor social networking app, Medlinker, received USD 60 million for Series C on December 6 to better connect patients with physicians and insurers.

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Internet health management platform Etong Health Care receives USD 30M for Series B

Etong Health Care

Founder: Pan Wenjun

Founded in: 2009

Financing status: RMB 200 million (USD 30 million) for Series B financing in 2017

Internet health management service platform, Etong Health Care, received USD 30 million for Series B on December 7 to serve more individual customers.

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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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