China Digest: AIchain, Bazhuayu, Jikexiu and Clickplus raise fresh funds

Images Of Chinese Yuan Banknotes. Photo: Reuters

Chinese investors continue to invest in the country’s startup community, with AIchain, Bazhuayu, Jikexiu, Clickplus among those who received fresh funds, the China Money Network reported.

AIchain receives funding from Viking Capital

Chinese blockchain technology firm AIchain has received an undisclosed strategic financing from Viking Capital. With the investment, AIchain and Viking Capital will work together to promote the startup’s blockchain-driven artificial intelligence ecosystem, AIchain said on its website.

AIchain seeks to create a benign ecosystem and encourage more people to participate in the development and implementation of AI applications, promote the development of artificial intelligence in a credible and reliable environment, and turn privately generated data into more refined services for everyone.

Citic Capital leads Bazhuayu’s Series A

Global alternative investment firm Citic Capital has led the Series A funding round in Bazhuayu, the Shenzhen-based automated web data scraping tool developer. The exact investment amount has not been disclosed.

Bazhuayu, which has a branch in Los Angeles, helps users visually create scraping rules, collect the required data from web pages, and generate customized and standardized data format. It will reportedly use the new funds for development of Big data + AI + scenario-based application technologies.

Jikexiu raises $7m in Series A round

Chinese online-to-offline smartphone maintenance service platform Jikexiu has raised $7 million Series A funding participated by Chongqing Liangjiang New Area Innovation Venture Capital Development and Anhui Huohua Technology Venture Capital Co.

Clickplus receives $1.9m from Keda Group

Shanghai-based intelligent enterprise operation and marketing systems developer Clickplus has received $9 million in strategic financing from Keda Group.

Keda Group is a China-based company principally engaged in Internet marketing businesses, infrastructure construction and real estate development.

Also Read:

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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.