Alihealth invests in LinkDoc and 19 more deal updates from Greater China

Medical data and services provider LinkDoc Technology has raised an undisclosed amount from Alibaba’s healthcare arm Alihealth, per a company statement on Thursday.

This marks a strategic investment in the company.

LinkDoc and Alihealth will work together to improve their oncology-driven internet service platform.

Last year, in October, LinkDoc raised 700 million yuan ($108 million) in its Series D+ round from CICC, Youshan Capital and CBC Capital’s funds of funds iFOF.

LinkDoc delivers structured data and AI solutions for oncology and rare diseases through smart data platform. It offers a gamut of services including medicine distribution, healthcare data management, online doctor management, and scientific research, among others.

Before this, LinkDoc has closed three other rounds of funding from CBC Capital, state-owned China Investment Corporation, Cenova Ventures, Hong Kong-based Ally Bridge Group and US-based New Enterprise Associates.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on March 3-4, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
SVOLT Energy TechnologyWuxi541 millionABank of China, CMG-SDIC Fund ManagementBeijing Financial Street Capital Operation Center, Guangzhou Venture Capital Group, ZJU Jiuzhi Investment Management, IDG Capital, Cathay Capital, HT CapitalElectric/Hybrid Vechicles
ECARXHangzhou200 millionA+State-owned China Venture Capital Fund-AI and Machine Learning
uSmartShenzhen100 million---Fintech
Cygnus SemiShanghai62 millionPre-IPOVGCGL Ventures, Fosun, GGV Capital, GP Capital, Shanghai Puluo Equity Investment Management, Vision Knight Capital, Green Pine Capital Partners, Wofu CapitalInternet of Things
moodyShanghai59 millionB, B+B: GGV Capital, B+: CPEB: XVC, GL Ventures, Matrix Partners China, Source Code Capital, B+: GGV Capital, XVC, GL Ventures, Matrix Partners China, Source Code CapitalN/A
BluephaBeijing30 millionBHillhouse Capital, Lightspeed China PartnersSeptwolves Ventures, Trinity Innovation Fund, Frees Fund, Qianhai FOF, ZGC Group's Qihang fund and development fundBiotech
New Vision ElectronicsYizheng23 millionCCapitalinkBefore Capital, Xinding Capital, YTHY, Cogent CapitalAI and Machine Learning
NOLO VRBeijing20 millionBNIO CapitalBluerun Ventures, Joy CapitalAR & VR
CalibraHangzhou* 15 millionB B: GL VenturesA: BioTrack Capital, B: GL Capital, Green Pine Capital PartnersHealthTech
LitecoreFuzhou* 15 million-Legend Capital-N/A
ReboChongqing15 millionPre-IPOV FundRedhorse CapitalN/A
Gencells TherapeuticsShanghai15 millionAKaitai CapitalShanghai Fu Rong InvestmentN/A
Shanghai Mathartsys SoftwareShanghai15 million--SIG CapitalBig Data
yo-i.comShanghai15 millionStrategic Investment Tencent Cloud, Langcheng CapitalChangshu Dongnan Industry FundInternet of Things
PharmacinShenzhen15 millionB1-Kaitai CapitalHealthTech
Lingcai TechnologyBeijing* 1.5 millionAMatrix Partners ChinaFengyang CapitalFintech
Moore ThreadsBeijing-Pre-AShenzhen Capital,GGV Capital, Sequoia Capital ChinaChina Merchants Capital, ByteDance, Pony.ai, Riverhead Capital, Oceanpine Capital, Wenming Investment, First Capital, 5Y Capital, HeT, Minghao Investment AI and Machine Learning

indicates that the company did not provide the specific size of the deal but only a range. So, we adopted the smallest number in the range, which is “7 million yuan ($1 million)” in the given example. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.