New fundings in China on May 24, 2017

Suichong (随充), a 4-month-old, Shenzhen-based power bank rental startup, has raised tens of millions of RMB in an angel round backed by Guanghan Jiaodian (广汉焦点), Jidou Capital (极豆资本) and Qianhai Tianhong Fund (前海天宏基金).

Buka.tv (布卡互动), a 2-yar-old, Beijing-based company specializing in audio-video interaction technology and is committed to building a universal cloud service platform for online education, has raised RMB 10 million in Series Pre-A funding backed by DT Capital (德同资本) and ChineseAll.com (中文在线).

New fundings in China on May 25, 2017

Panda TV (熊猫直播), a 2-year-old, Shanghai-based game streaming website, has raised RMB 1 billion in Series B funding led by Xingzheng Asset Management (兴业证券兴证资本), with participation from HanFor (汉富资本), Woken Capital (沃肯资本), Lighthouse Capital (光源资本), Zhongyi Investment (中冀投资), Changdi Capital (昌迪资本) and Brightstone Fund (明石投资).

Haier U-home (海尔家居), a 16-year-old, Qingdao-based smart home brand launched by appliance maker Haier Group, has raised RMB 950 million in Series B funding led by Forebright Capital (光远资本), with participation from TF Securities (天风证券), iHaier (海创汇) and HTVC (高新创投).

Baidu Literature (百度文学), a 2.5-year-old, Beijing-based online literature division of search giant Baidu, has raised RMB 800 million funding from Sequoia Capital China (红杉资本中国).

Lechebang (乐车邦), a 2-year-old, Shanghai-based online automobile services platform focused on providing after-sale services via 4S (sales, spare parts, service, survey) shops, has raised RMB 300 million in Series B funding led by Grand Flight Investment (远翼投资), with participation from Cathay Capital (凯辉中法创新基金), Sequoia Capital China (红杉资本中国基金), Joyson (均胜电子) and Vertex Ventures (祥峰投资).

Krund (克路德机器人), a 2-year-old, Qingdao-based household robot maker, has raised RMB 60 million in Series A funding led by China Equity Group (信中利), with participation from Shaohaihui Fund (少海汇基金) and Qijun Hongye Investment (北京奇骏鸿业投资有限公司).

JIMU (极目智能), a 6-year-old, Wuhan-based Advanced Driver Assistance System (ADAS) tech provider, has raised RMB 40 million in Series A funding backed by Licheng (荣成礼成) and Zhaorui Capital (兆瑞资本).

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.

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