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). (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 (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).

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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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