China Deal Monitor: IDG leads SmartMore round and more updates

Smart computer vision-driven company SmartMore Technology Co., Ltd on Monday announced that it has closed ‘tens of millions of US dollars’ in its pre-A round of financing led by existing investor IDG Capital. 

The round was joined by Lenovo Capital and ZhenFund, the company announced on WeChat. 

IDG Capital had infused millions of yuan in SmartMore’s angel round earlier in January 2020.

SmartMore, co-founded by the Chinese University of Hong Kong’s professor and former Tencent scientist Jiaya Jia in December 2019, claims to serve the sectors of semiconductors, electronics, electronic vehicles and video industries. 

Headquartered in Shenzhen, SmartMore has set up offices in Hong Kong and Shanghai. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out prominent venture capital transactions in the Greater China region on June 29, 2020. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
ZuoyebangBeijing750 millionETiger Global Management, FoutainVest PartnersQatar Investment Authority, SoftBank Vision Fund, Sequoia Capital China, Tiantu Capital, Xiang He CapitalEdTech
AiparkBeijing42 millionCGaorong CapitalZhongguancun Science City, Changshang KunzhongAI and Machine Learning
4dshoetech Hong Kong LimitedDongguan14 millionA+CMC Capital-Saas
SmartMoreShenzhen* 10 millionPre-AIDG CapitalLenovo Capital, ZhenFundAI and Machine Learning
PerfMaHangzhou* 1.4 millionA+Vision Knight Capital-Cloud Computing

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.