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).

Yogotime (渔耕田/ 渔耕农业), a 3-year-old, Chengdu-based agricultural tech firm focusing on combined fish-vegetable farming, has raised RMB 2.5 million in a seed round from undisclosed investors.

New fundings in China on May 10, 2017

Hesai Tech (禾赛科技), a 2.5-year-old, Shanghai-based LiDAR tech firm focusing on the development of smart sensing solutions for autonomous cars and natural gas leak detection system, has raised RMB 110 million in Series A funding led by Pagoda Investment (高达投资), with participation from Jiangmen Venture Capital (将门创投), Pangu Jinfu Capital (磐古创投) and Lighthouse Capital Management (远瞻资本).

Heipa (嘿啪), a 1-year-old, a smart music composing app developed by Chengdu-based Tuyabeat, has raised RMB 20 million in Series Pre-A funding.

Jujianghui (巨匠汇), a 2-year-old, Shenzhen-based direct selling platform for non-material cultural heritage products, has raised RMB 10 million in Series Pre-A funding backed by Beijing Culture (北京文化).

KRVISION (视氪科技), a 1-year-old, Hangzhou-based startup engaged in the development of smart glasses for visually impaired, has raised RMB 10 million in an angel round from investors including Oriza Seed Fund Management (元禾原点), Sino Wisdom (华睿资本), Jinju Capital (锦聚资本) Liheqiao Capital (六和桥资本).

Mopo (魔宝电源), a 5-year-old Shenzhen-based power bank rental program operated by Shenzhen MOPO Electronics Tech, has raised RMB 10 million in an angel round backed by Tsing Ventures(水木资本).

BoCloud (博云), a 5-year-old, Suzhou-based enterprise cloud solution provider, has raised roughly nine-digit RMB in Series B funding co-led by Oriental Fortune Capital (东方富海) and Oriza Holdings (元禾控股), with participation from Huatai Securities Internet Fund (华泰证券互联网基金) and Bangsheng Capital (邦盛资本).

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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

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