New fundings in China on May 13, 2017
New fundings in China on May 15, 2017
Jianke (健客), a 10-year-old, Dongguan-based B2C medicine e-commerce platform, has raised US$ 50 million in Series A+ funding from investors including Asia-Pac eCommerce, Yungpark Capital (永柏资本PGA Ventures) and Volcanics Venture (火山石资本).
Wacai (挖财), an 8-year-old, Hangzhou-based internet financial service platform, has raised US$ 42 million in a strategic investment led by China Development Bank Capital (国开金融), with participation from CBC Capital (宽带资本), New Horizon Fund (新天域资本), Qiming Venture Partners (启明创投) and Huiqiao Capital (汇桥资本).
YITU Technology (依图科技), a 4.5-year-old, Shanghai-based computer vision startup that operates a cloud-based visual recognition engine enabling computers to detect and recognize faces and cars, has raised RMB 380 million in Series C funding led by Hillhouse Capital Group (高瓴资本集团), with participation from YF Capital (云锋基金), Sequoia Capital (红杉资本), Banyan Fund (高榕资本) and ZhenFund (真格基金).
Ruigushop (锐锢商城), a 3.5-year-old, Shanghai-based e-commerce platform for hardware, industrial Materials, mechanical parts as well as power and tools, has raised nine-digit RMB in Series B funding led by Chengwei Capital (成为资本), with participation from Source Code Capital (源码资本).