China Dealbook: Shunwei Capital backs Ceche365.com, GGV leads Meiweishenghuo’s funding round

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

Chinese auto insurance search engine Cheche365.com has raised $30 million in Series B round even as Meiweishenghuo, a checkout-free convenience store operator, has secured $4.5 million in its Series A+.

Cheche365.com raises $30m from Shunwei Capital, CBC Capital

Cheche365.com, an auto insurance search engine, has raised $30 million in a Series B round led by China Capital Group Ltd.

Shunwei Capital, CBC Capital also participated in the round, according to a China Money Network article.

Operated by Beijing Cheyuche Technology Co, Cheche365.com was founded in 2014. It will use the fresh funding for expanding online and offline operations and for product development.

Cheche365.com has partnered with more than 30 insurance companies across 1,000 cities and claims to serve nearly one million users in China.

Meiweishenghuo secures $4.5m in Series A+ round

Meiweishenghuo, a checkout-free convenience store operator founded by a former manager at China’s on-demand local services provider Meituan-Dianping, has secured $4.5 million in its Series A+ round.

The round was led by multi-stage VC firm GGV Capital and was joined by Zhen Fund, K2 VC, and Matrix Partners China, China Money Network reported.

The company deploys smart vending machines in urban centres, allowing customers to use its machines by scanning a QR code and purchasing lunchboxes, fruits, salads, snacks and beverages.

Also Read:

China Digest: Genomics firm Annoroad raises $100m; Sinovation leads $20.6m round in Zhuiyi

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.