YCloset has raised a $20 million, led by Pan-Lin Asset Management Co Ltd.
By Shiwen Yap
The firm has seen an annual compound annual growth of 28.27% (2014 – 2016)
Ecovacs claims to be China’s top robot home appliances maker with a 65 per cent market share, and currently has over 5,000 employees with corporate offices in Canton Ohio, Dusseldorf Germany, Tokyo Japan and Suzhou city in China.
Youon Bike has closed an undisclosed Series A investment in a round led by Ant Financial. IDG Capital and Shenzhen Capital Group Co. also participated.
Matrix Partners China has joined a $58-million series C financing round for AT Zuche while China-based IDG Capital, along with CreditEase New Finance Industrial Investment Fund, have invested RMB80 million ($11 million) in CreditEase Insurance Agency. Matrix Partners China joins AT Zuche latest round Matrix Partners China, affiliated-firm of US-based… Read more »
The funding will be used to improve its offline medical care service and allow patients to access online services from doctors they meet offline.
This is the National SMEs Development Fund’s second investment in the online travel services space, following its investment last month in Meiya, an online flight ticket search and travel management platform.