YCloset has raised a $20 million, led by Pan-Lin Asset Management Co Ltd.
By Bhawna Gupta
Online video conference solutions provider Xioyu Link has raised RMB125 million (US$18 million) in a series B round of funding led by Zhen Fund and Chengzhen while Israel and China have signed a $10 million technology deal. Xiaoyu Link raises $18m led by Zhen Fund, Chengzhen Online video conference solutions… Read more »
Chinese truck logistics startup Fuyoukache has raised $36 million (RMB250 million) in a Series C financing round led by Legend Capital, as per a China Money Network report. The round also saw participation from Zhen Fund, Jiangxi-based AVIC Trust, a trust company established by Aviation Industry Corporation of China, as well… Read more »
Beijing-based Black Hole Capital has led a RMB400 million ($58 million) investment in bike-sharing service Bluegogo, a Tianjin-based bike sharing company. Additional investors in the round are Shenzhen-based healthcare equipment developer Smart Xintong. Black Hole Capital is a venture firm founded by Zhang Liang, the son of Chinese property giant R&F Properties’ co-founder Zhang Li. The latest… Read more »
Nongfenqi, a rural internet finance services platform, has raised $14 million (over RMB100 million) in a series B funding round led by Bertelsmann Asia Investments (BAI), as per a China Money Network report. The start-up focused on the Chinese agriculture sector also got financing from Zhen Fund, Sinolink Securities, as… Read more »
Inagora Inc, an e-commerce mobile platform, has raised $26 million in a series B funding round led by World Innovation Lab, a U.S.- Japan venture firm, as per a report in China Money Network. Founded in 2014 by a Japanese entrepreneur who started Kingsoft Corporation’s Japanese operations, Inagora is focused… Read more »