China Digest: Dinghuobao, Langying Education raise funding

U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

The latest in the deals space in China has seen B2B online ordering management system provider Dinghuobao raise $23 million in Series B round while Langying Education has received a Series A funding.

Dinghuobao raises $23m led by Sino-i-Technology

B2B online ordering management system provider Dinghuobao has raised 23 million in Series B round of funding.

The round was led by Sino-i-Technology Ltd, according to China Money Network report.

Dinghuobao provides mobile and digital solutions for purchasers and suppliers.

Sino-i Technology is a company listed on The Stock Exchange of Hong Kong. The company’s main business is to provide e-commerce and informational operation services for SMEs in China. It employs around 8,000 employees working in 120 branch offices in 80 cities nationwide.

Langying Education gets Series A funding

Shanghai-based online English language education system developer Langying Education has received tens of millions of RMB.

National Small and Medium-size Enterprises Development Fund (Shenzhen Guozhong Venture Capital Management Co., Ltd) led the round, according to a China Money Network article.

Langying Education provides learners with a comprehensive online education evaluation and service platform, as well as personalized education solutions.

National SME Development Fund is a special fund of RMB60 billion (US$9.4 billion) which supports small and medium-size enterprises (SMEs) in the country. The fund focuses on providing early-stage and growth capital to small and medium-size enterprise across China.

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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.