China Digest: Huisuanzhang raises $30m; Sequoia backs Yitaichang; Vipmro funding

The Chinese Communist Party (CCP) seal displayed inside the Great Hall of the People prior to the opening session of the National People's Congress in Beijing, China, on Friday, March 5, 2010. Photographer: Nelson Ching/Bloomberg

In multiple funding deals in China, finance and tax management platform Huisuanzhang has raised $30 million capital led by IDG and Tendence Capital. Fast food takeaway brand Yitaichang has raised investment from Sequoia Capital while maintenance service platform has raised $16.6 million series B from investors including Yunqi Partners, China Money Network reported.

Book-keeping app developer Huisuanzhang raised $30m

Huisuanzhang, a Beijing-based accounting software and tax management app developer, has secured a $30 million series B from investors including IDG Capital and Tendence Capital.

Other participating investors include CreditEase, THG Ventures and Chuanrong Capital.

The latest financing will allow the financial app developer to scale their presence across China.

Fast food Yitaichang funded by Sequoia Capital

A Chinese fast food brand, Yitaichang, has raised an undisclosed Series A funding from Sequoia Capital.

Founded in 2011, Yitaichang is a traditional fast food brand under Shenzhen Yitai Chang Restaurant Management Co., Ltd that promotes traditional Chinese food culture with takeaway options.

The Shenzhen brand maintains the basic cooking styles in China.

Industrial service platform raises $16.6m series B

A one-stop maintenance service platform for industrial products, has raised a $16.6 million investment from Yunqi Partners, Puhua Capital and others.

Other investors include Welight Capital and Ruiheng Capital.

The platform handles maintenance, repair and operation service providing professional industrial products for small and middle end users and traders.

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