By Nguyen Thi Bich Ngoc
The fund has received commitments from guidance funds operated by the Shenzhen municipal government and Nanshan district, as well as China Everbright.
Japan Strategic Capital, Tokyo-listed Rentracks and Vulpes Investment Management also participated in the round.
This round, which saw the participation of existing investors Carlyle and Fosun, will see the valuation of the company shoot up to over $1.5 billion.
Parenting social network startup Healofy has raised $10 million in a Series A round of funding.
Kickstart Ventures is the VC arm of Philippine telco giant Globe Telecom. It is also backed by Ayala Corporation and Singapore’s Singtel.
Launched in 2016, Jijatjo had earlier raised pre-seed and seed rounds totalling $6.9 million.
Singapore’s GIC and Temasek, first movers into VC among sovereign funds, accounted for 60% of deals in 2018.
The financing was led by East Ventures and Genesia Ventures and backed by Denali Mitra.
The venture capital fund, Moonrise China Partners I, was launched in February 2018 with a target of $125 million.
The fund, Valor Siren Ventures Fund, will later seek to raise an additional $300 million.