<article>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.</article>

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.
<h3>Matrix Partners China joins AT Zuche latest round</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Matrix+Partners+China" target="_blank">Matrix Partners China</a>, affiliated-firm of US-based Matrix Partners, joined China Pacific Insurance, local private equity firm ChinaEquity Group, Beijing-based securities company CSC Financial, New York-based Hearst Ventures, Hangzhou Financial Investment Group, and Everbright Ivy Capital Investment in the latest round for AT Zuche, according to a report by the ChinaMoneyNetwork.
AT Zuche is a Shanghai-based peer-to-peer car rental platform that allows users to lend their idle vehicles to others. Since its launch in 2014, AT Zuche has been operating in 25 cities in China including Beijing, Shanghai, and Shenzhen. It currently boasts over five million users and 200,000 vehicles registered on its platform.
In the same month, Matrix Partners China also invested in <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/65676-65676/" target="_blank">mobile health app Anxin Doctor</a>. The financing round, joined by other investors such as Qiming Venture Partners and IDG Capital, pooled RMB200 million ($28 million).
Anxin Doctor is a Beijing-based health app focused on children and women healthcare. It connects patients with obstetrics, gynecology doctors, and pediatrics doctors.
Started in 2008, Matrix Partners China is affiliated with Matrix Partners in the United States. The company is led by General Partners Bo Shao, David Su and David Zhang, investing in a variety of sectors including internet &amp; mobile internet, financial services, healthcare and SaaS in China.
<h3>IDG Capital invests in CreditEase unit</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=IDG+Capital+" target="_blank">IDG Capital </a>has joined CreditEase New Finance Industrial Investment Fund in a RMB80 million ($11 million) series B round for CreditEase Insurance Agency. The round valued the startup at RMB1.4 billion (US$200 million) post-money, according to local media reports.
CreditEase Insurance Agency is a unit under Beijing-based CreditEase, with RMB50 million ($7 million) in registered capital. It distributes thousands of insurance products via partnerships with over 50 domestic and overseas insurance companies.
&#8220;Insurance, especially Internet insurance, is one of our focus areas at IDG. The industry has massive potential, and CreditEase Insurance is the leading company in the Internet insurance sector as it stands out in market share, management team, business model and product structure,&#8221; said Li Xiaojun, a partner at IDG Capital, as quoted by the ChinaMoneyNetwork.
CreditEase Insurance Agency plans to use the proceeds to develop its wholly owned subsidiary Xiaozhi Technology, a search engine to find the most suitable insurance products for consumers.
IDG Capital, previously known as IDG Capital Partners, represents private equity and venture capital fund managers,  investment advisors and other business entities. It has been focusing on Chinese tech investments since the early 1990s.
The company has recorded over 500 portfolio firms and 120 exits, wish approximately $2 billion capital under management. IDG Capital invests in early-to-growth-stage companies with focus on hi-tech related sectors such as the Internet, telecommunications, wireless communications, digital media, IC, and life science. Its large portfolio includes Ctrip, Sohu, Baidu, China Finance Online, Tencent, soufun, HomeInns, NetDragon, Allyes, and Kingdee, among others.
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Matrix Partners China has joined a $58-million series C financing round for AT Zuche 

China Digest: Matrix joins AT Zuche $58m round; IDG invests in CreditEase unit

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China Digest: Matrix joins AT Zuche $58m round; IDG invests in CreditEase unit

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