China Deal Monitor: Hotel platform Green Cloud snags nearly $14m and more updates

Hotel industry information platform Hotel Hangzhou GreenCloud Tech Co., Ltd has garnered approximately 100 million yuan ($14 million) in its Series B+ round of financing from China Merchants Bank and online travel service giant Trip.com Group’s unit Shanghai Kehui Investment, the company announced on its WeChat account on Friday. 

GreenCloud’s integrated ecosystem offers property management system, Oracle hospitality (Opera PMS), data service and e-commerce platforms.

Established in 2010, GreenCloud claims to have served over 18,000 hotels including  Metropolo, Narada Hotel Group, Podinns, Shenzhen CYTS Shanshui Hotel, among others. 

GreenCloud is stepping up efforts in the culture tourism front. It has built partnerships with a slew of attractions such as Hengdian World Studios, Tianmu  Lake Tour and Lake Songhua Resort. 

In 2018, GreenCloud raised 180 million yuan ($25 million) in its Series B round of funding from Cowin Capital. Besides, China Zheshang Bank along with other investors such as Marco Vision Capital and Leading Capital had poured 80 million yuan ($12 million) in GreenCloud’s Series A round of financing in 2016.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from May 21-22, 2020. 

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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.