/TF in China this week – Tencent’s investments show confidence in online brokering and bike-sharing industries

TF in China this week – Tencent’s investments show confidence in online brokering and bike-sharing industries

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

Tech giant Tencent was an active investor this week with its support for online brokerage platform Futu and bike-sharing startup Mobike with large funding amounts. Apart from financing, Tencent also offers strategic partnerships with both companies by connecting their services to its super app WeChat. Other financing highlights include investments in big data and cloud computing services, which have proven to be a necessary IT infrastructure for several companies.

Online broker Futu receives USD 145 million for Series C round led by Tencent

Futu

Founder: Li Hua

Founded in: 2012

Financing status: RMB 989 million (USD 145 million) Series C round in 2017

Online broker Futu on Monday receives USD 145 million in a Series C round led by Tencent to boost its capital and marketing plans.

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City express delivery services provider UUpaotui receives USD 14.5 million for Series A+

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

UUpaotui

Founder: Qiao Songtao

Founded in: 2015

Financing status: RMB 100 million (USD 14.5 million) Series A round in 2017

City express delivery services provider UUpaotui on Saturday receives USD 14.5 million for its Series A+ financing round to expand its delivery services to more than 200 cities in China.

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Used car trading platform Maimaiche receives USD 29.4 million for Series A

Screenshot from Fecar.com
Screenshot from Fecar.com

Maimaiche

Founder: Jiang Qitao

Financing status: RMB 200 million (USD 29.4 million) Series A round in 2017

Used car trading platform Maimaiche on Saturday receives USD 29.4 million for its Series A financing round to optimize the user’s trading experience.

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Cloud computing service provider QingCloud receives USD 159 million for Series D

Screenshot from Qingcloud.com
Screenshot from Qingcloud.com

QingCloud

Founded in: 2012

Financing status: RMB 1.08 billion (USD 159 million) Series D round in 2017

Cloud computing service provider QingCloud on Monday receives USD 159 million for its Series D financing round to boost its cloud computing services for various industries.

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E-commerce platform ChangGouGo receives USD 14.5 million financing

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

ChangGouGo

Founded in: 2016

Financing status: RMB 100 million (USD 14.5 million) financing in 2017

E-commerce platform ChangGouGo on Tuesday received USD 14.5 million financing to launch physical outlets in a bid to boost its services across China.

ChangGouGo is a cross border e-commerce platform that provides customers with the best selling products from all over the world.

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Advanced driving assistance systems developer MaxieyeTech receives undisclosed pre-Series A in millions of USD

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

MaxieyeTech

Founder: Zhou Shengyan

Founded in: 2016

Financing status: 2017 pre-Series A round amounting to tens of millions in RMB (a few million USD)

Advanced driving assistance systems developer MaxieyeTech on Tuesday received an undisclosed pre-Series A round for a few million USD for the research and development of advanced self-driving systems based on deep learning and artificial intelligence.

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AI based video platform Zen Video receives undisclosed Series A in millions of USD

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

Zen Video

Founder: Kang Hongwen

Financing status: Series A round amounting to tens of millions in RMB (a few million USD) in 2017

AI based short video platform Zen Video on Wednesday received an undisclosed Series A round in millions of USD to enhance its video technology so that it can be used by video specialists.

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Big data based medical company Genelife receives USD 7.4 million for Series A

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

Genelife

Founder: Liu Liyu

Financing status: RMB 50 million (USD 7.4 million) Series A round in 2017

Big data based medical company Genelife on Wednesday received USD 7.4 million for its Series A round for the research and development of its medical big data platform.

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Bike-sharing giant Mobike receives USD 600 million for Series E

Photo from Baidu Images.
Photo from Baidu Images.

Mobike

Founder: Hu Weiwei

Founded in: 2016

Financing status: RMB 4.09 billion (USD 600 million) Series E round in 2017

Bike-sharing giant Mobike on Friday received USD 600 M for its Series E financing round led by Tencent for its global expansion plans.

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Xiaomi backed smart kids gadgets manufacturer Xiaoxun receives USD 10 million for Series A

Photo from Baidu Images.
Photo from Baidu Images.

Xiaoxun

Founder: Fan Haitao

Financing status: RMB 68 million (USD 10 million) Series A round in 2017

Xiaomi backed smart kids gadgets manufacturer Xiaoxun on Wednesday received USD 10 million for its Series A financing round to manufacture new smart gadgets for children.

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(Top photo from 58pic.com)

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.