<article>Chinese internet group Baidu Inc has led a $450-million Series C round into Weltmeister Motor while Orchid Asia has led a $70-million round into Chinese wedding services provider Hunliji.</article>

Chinese internet group Baidu Inc has led a $450-million Series C round into Weltmeister Motor while Orchid Asia has led a $70-million round into Chinese wedding services provider Hunliji.
<h3>Baidu Inc leads $450m Series C round into Weltmeister Motor</h3>
Electric vehicle maker Weltmeister Motor has raised RMB 3 billion ($450 million) in a Series C round led by Chinese internet group <a href="https://www.dealstreetasia.com/tag/Baidu-Inc">Baidu Inc</a>, which seeks to increase its self-driving advantages in the country’s EV consumption boom, according to an announcement.
State-led asset management company Taihang Industrial Fund, as well as Shanghai-based venture capital firm Linear Venture also participated in the round.
The funds will be put primarily toward delivering an enhanced driving experience, including R&amp;D of an intelligent cockpit. Baidu has been backing the homegrown EV maker for years, leading an earlier round of funding totaling $1 billion in December 2017. The two companies announced a joint R&amp;D autonomous driving venture at the consumer electronics show in Las Vegas earlier this year, after WM Motor joined Baidu’s self-driving open source platform Apollo a year ago.
<h3>Orchid Asia leads $70m into Chinese wedding services provider Hunliji </h3>
Chinese wedding services provider Hunliji has raised a $70-million Series D1 round of financing led by investment firm <a href="https://www.dealstreetasia.com/tag/Orchid-Asia-Group/">Orchid Asia Group Management </a>with the participation of previous investor Matrix Partners China, China Money Network reported.
Hunliji, operated by Hangzhou Huoshao Cloud Technology Co., was launched in 2013 in China&#8217;s Hangzhou city to provide online and offline wedding-related services including banquet, filming, planning, car rental, and candy and invitation arrangement.
The online wedding services platform earlier raised $65 million Series C led by Orchid Asia on March 19 last year, according to CrunchBase.
Chinese private equity firm Orchid Asia Group last year raised $1.3 billion for its seventh fund Orchid Asia VII, exceeding the $900-million target announced at the time of the fund’s launch in July 2017.
With offices in Hong Kong, Shenzhen, Shanghai, Beijing and Guangzhou, Orchid Asia manages about $3 billion of assets.
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Chinese internet group Baidu Inc leads $450 million Series C round into Weltmeister Motor while Orchid Asia leads $70 million into Chinese wedding services provider Hunliji. 

China Digest: Baidu leads $450m round in Weltmeister; Orchid Asia backs Hunliji

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China Digest: Baidu leads $450m round in Weltmeister; Orchid Asia backs Hunliji

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