New fundings in China on May 9, 2017

SNH48 (丝芭传媒SNH48), a 7-year-old, Shanghai-based talent agency that operates the SNH48 Chinese idol girl group, has raised a nine-digit RMB Series C led by CMB International (招银国际), with participation from China Media Capital (华人文化产业基金) and Legent Capital (君联资本).

Molbase (摩贝), a 6-year-old, Shanghai-based chemical B2B e-commerce platform, has raised nine-digit in series D funding, led by TFTR Investment (天风天睿), with participation from Sequoia Capital (红杉资本中国基金), Trustbridge Partners (挚信资本), Sinovation Ventures (创新工场), Fosun Kinzon(复星昆仲) and Vangoo Capital Partner (盘古创富).

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.