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Shanghai-based StartupCare, a provider of group health insurance solutions for SMEs and startups that was spun off last year from international health insurtech company The CareVoice, announced today the appointment of Wu Ying as Chief Executive Officer. Read More
Chinese K-12 online education platform Zuoyebang has announced via its official WeChat account the completion of a USD 750 mln Series E round of financing, led by FountainVest Partners and Tiger Global, with participation from new and existing shareholders Qatar Investment Authority, Sequoia Capital China Fund, Softbank Vision Fund 1, Tiantu Capital, and Xianghe Capital. Read More
The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Read More
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
Shanghai-based industrial Internet solutions provider Allsense Technology recently announced completion of RMB 8-digit pre-Series A funding led by Beijing-based Mingshi Hexun Capital Management (FutureCap) with participation by US-based Linear Venture and Shenzhen-based Green Pine Yuanwang Asset Management. Read More
Guangzhou-based electric car maker Xiaopeng Motors Technology (Xpeng Motors) recently announced completion of Series B+ funding including RMB 4 bln total B1 and B2 funding. Read More
Shanghai-based Juqi Network Technology, operator of online ticket-booking platform Moretickets.com (the platform name is Motianlun, meaning "Ferris Wheel"), recently announced completion of USD 60 mln in Series C funding led by TPG Growth with participation by Hillhouse Capital Management and prior-round investors DCM Ventures, Matrix Partners China, Blue Lake Capital, Qiming Venture Partners, and Nanshan Capital. Read More
Shenzhen-based robotic arm solutions provider Yuejiang Technology announced today that it has secured RMB 100 mln in Series A+ funding led by Green Pine Capital Partners. Read More
Shenzhen-based AI architecture-focused SaaS developer Xiaoku Technology (XKool) recently announced completion of RMB 8-digit pre-Series A funding in May 2018 from Oriental Fortune Capital and Shenzhen-based Zhongnan Heduo Venture Capital. Read More
Hangzhou-based Chongcheng Technology, operator of mobile pet health insurance platform Pet City, announced today that it has won RMB 7-digit strategic funding from Hangzhou-based pet product technology developer Shunchong. Read More