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Auto Parts E-commerce Platform Casstime Wins RMB 250 Mln Series B3

36Kr.com, 8/23/18

Shenzhen-based auto parts e-commerce platform and auto industry-focused SaaS provider Kaisi Times Technology (Casstime) announced today the completion of over RMB 250 mln in Series B3 funding, bringing the total raised in Series B to over RMB 600 mln. Read More

Security-Focused Facial Recognition Solutions Provider Sensingtech Wins RMB 9-digit Series B

NetEase Tech, 6/01/18

Beijing-based facial recognition solutions provider Shenxing Technology (Sensingtech) recently announced the completion of RMB 9-digit Series B funding led by Cash Capital with participation from SDIC Capital, and Keytone Ventures, as well as Series A investors Matrix Partners China and Fosun Kinzon Capital. Read More

Online Wedding Service Platform MarryMemo Secures USD 65 Mln Series C

36Kr.com, 3/19/18

Hangzhou-based Suncloud, operator of online and mobile one-stop wedding services platform Hunli Ji ("MarryMemo"), recently announced completion of USD 65 mln in Series C funding led by Orchid Asia Group Management with participation by Matrix Partners China and Fosun RZ Capital. Read More

Former Baidu Research Director's AI Startup Aibee Lands RMB 165 Mln Angel Round

Sina Tech, 1/16/18

Beijing-based Aibee Intelligent Technology, the AI industry solutions firm founded by Lin Yuanqing, former director at Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Baidu Research Institute, recently announced completion of RMB 165 mln in angel funding led by Fosun Kinzon Capital with participation by VCs and individual investors including ZhenFund, China Growth Capital, China Renaissance K2 Ventures (K2VC), Lenovo Capital and Incubator Group, Sequoia Capital, Yonghua Capital and Horizon Robotics. Read More

Discount Health Insurance Sales Site Datebao Secures USD 8-digit Series B+

36kr.com, 7/06/16

Beijing-based Date Insurance Brokerage, operator of insurance discount sales site Datebao.com, has announced it completed USD 8-digit Series B+ funding led by China Development Financial Holding and with participation from Fosun Kinzon Investment Management. Read More

Fosun Pharmaceutical Invests USD 65 Mln Stake in Online Health Firm Guahao

Fosun, 11/30/15

Shanghai-based pharmaceuticals maker, distributor, and retailer Fosun Pharma (600196.SH; 2196.HK) has announced that its wholly-owned subsidiary Regal Gesture plans to acquire 39.66 mln shares of preferred stock in the Hangzhou-based operator of online hospital appointment-booking website Guahao for USD 65 mln, representing a 9.73% stake. Read More

Online Medical Platform Guahao Raises USD 394 Mln in New Funding

Sina Tech, 9/24/15

Guahao.com Limited, operator of Chinese online and mobile hospital appointment-booking platform Guahao, recently announced that it has completed USD 394 mln in new funding led by Beijing-based private equity fund Hillhouse Capital Management and Goldman Sachs. Read More

Rumor: Insurance Discount Sales Site Datebao Wins RMB 180 Mln Series A

Sxrb.com, 7/06/15

Beijing-based Date Insurance Brokerage, operator of insurance discount sales site Datebao.com, has completed RMB 180 mln Series A funding from Ceyuan Ventures, Ping An Ventures, and Fosun Kinzon Investment Management, according to an inside source. Read More

China Approves Alibaba, Tencent Banking Trials

iResearch, 3/11/14

Shang Fulin, Chairman of the China Banking Regulatory Commission (CBRC), recently revealed that China's State Council has given its nod of approval for the establishment of 5 private bank pilot programs. Read More

Social Media Marketing Firm Kongming Lands USD 8-Digit Funding

TechWeb, 2/19/14

Beijing-based social media marketing solutions provider Kongming has confirmed the receipt of a USD 8-digit new round of funding from a consortium of investors led by Fosun International's (0656.HK) Modern Property Capital Limited, with participation from previous investor Fidelity Growth Partners Asia. Read More