China Deal Monitor: Huake Tek raises $14m and more updates

China’s Huake Chuangzhi, a company specializing in silver nanowire, has secured 100 million yuan ($14 million) in a Series C funding round from Greater Bay Area Homeland Development Fund (Great Bay Area Fund), according to a company statement.

The corpus will help the Shenzhen-headquartered company to spruce up its R&D of technology of silver nanowires, develop silver nanowire capacitive screens, CPI films, and foldable touch modules, among others.

Established in 2014, Huake has so far closed a total of 5 funding rounds from investors including Shenzhen Venture Capital, Guoke Ruihua, and Great Bay Area Fund.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from January 9, 2020. 

The largest deal was that of Nice Tuan, a Chinese community e-commerce platform also known as Shihuituan, that has raised $88.3 million in a new funding round from Alibaba, ZhenFund, Qiming Venture Partners, China Growth Capital, Joy Capital and INCE Capital.

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Nice Tuan/ShihuituanBeijing88.3 million--Joy Capital, INCE Capital, Qiming Venture Partners, Alibaba Group, ZhenFund, China Growth CapitalE-Commerce & Internet Economy
Adagene Suzhou69 millionDGeneral Atlantic-Health Tech
Huake TekShenzhen14 millionCGreater Bay Area Homeland Development Fund-IoT
YesmroShanghai* 1 millionA+Future CapitalMatrixPartners China, Panlin CapitalE-Commerce & Internet Economy

* indicates that the company did not provide the specific size of the deal but only a range, such as “hundred millions of yuan.” In this case, we adopt the smallest number in the range, which is “100 million yuan ($14 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.