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

The live streaming industry is becoming popular in China with some big players grabbing a large share of the market. Some other business models also attracted the attention of venture capitalists including an online pharmacy, AI services and hardware, and so on.

YY Inc.’s live streaming platform Huya secures USD 75 M for Series A

Huya

Founded in: 2014

Financing status: RMB 517 million (USD 75 million) Series A financing in 2017

YY Inc.’s live streaming platform Huya on Tuesday secured USD 75 million for its Series A round to develop more presenters hosting live streams of their mobile games in hope of attracting new users.

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Online pharmacy Jianke receives USD 50 million for Series A+

Photo from Pixabay.com
Photo from Pixabay.com

Jianke

Founder: Xie Fangmin

Founded in: 2006

Financing status: RMB 345 million (USD 50 million) Series A+ financing in 2017

Online pharmacy Jianke on Monday receives USD 50 million for Series A+ financing round to expand its business in smart healthcare services.

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Online financial management platform Wangcaigu receives USD 8.7 million for Series A+

Photo from 58pic.com
Photo from 58pic.com

Wangcaigu

Founder: Zeng Keqing

Founded in: 2014

Financing status: RMB 60 million (USD 8.7 million) Series A+ financing in 2017

Online financial management platform Wangcaigu on Wednesday landed USD 8.7 million for its Series A+ financing round to improve its risk management system.

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Art e-commerce platform Yishuvip receives USD 1.4 million for angel round

Photo from 58pic.com
Photo from 58pic.com

Yishuvip

Founder: Zhang Xu

Founded in: 2017

Financing status: Angel round of RMB 10 million (USD 1.4 million) in 2017

Art e-commerce platform Yishuvip on Monday received USD 1.4 million for its angel financing round to introduce big data technology to rank works of art.

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AI services and hardware company Yitu receives USD 55 million for Series C

Photo from 58pic.com
Photo from 58pic.com

Yitu

Founder: Zhu Long

Founded in: 2013

Financing status: RMB 380 million (USD 55 million) Series C financing in 2017

AI services and hardware company Yitu on Monday received USD 55 million in Series C financing round to integrate its AI technology with clinical imaging diagnosis.

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Elite social network Edate receives USD 2.9 M for pre-Series A

Photo from 58pic.com
Photo from 58pic.com

Edate

Founder: Cheng Yong

Financing status: RMB 20 million (USD 2.9 million) pre-Series A financing in 2017

Elite social network Edate on Tuesday landed USD 2.9 million for its pre-Series A round to expand its team for future marketing plans.

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Kids coding education platform Codemao receives USD 2.2 million in financing

Photo from 58pic.com
Photo from 58pic.com

Codemao

Founder: Li Tianchi

Founded in: 2016

Financing status: RMB 15 million (USD 2.2 million) in financing in 2017

Kids coding education platform Codemao on Tuesday received USD 2.2 million in financing to attract new talents and start marketing campaigns.

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24-hour convenience store Today receives USD 4.4 M for Series A+

Convenience stores
Photo from 58pic.com

Today

Founder: Song Yingchun

Founded in: 2008

Financing status: RMB 30 million (USD 4.4 million) Series A+ financing in 2017

24-hour convenience store Today on Wednesday secured USD 4.4 million for its Series A+ round to open more franchise stores with more partners across China.

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Big data based marketing platform DataMip receives USD 4.4 M for Series A+

Photo from 58pic.com
Photo from 58pic.com

DataMip

Founder: Zhang Jie

Founded in: 2013

Financing status: RMB 30 million (USD 4.4 million) Series A+ financing in 2017

Big data based marketing platform DataMip on Wednesday secured USD 4.4 million for its Series A+ round for market expansion and talent recruitment.

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(Top photo from 58pic.com)

 

 

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Kaikai Shi
Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. 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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