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 Vipmro.com 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 Vipmro.com raises $16.6m series B

A one-stop maintenance service platform for industrial products, Vipmro.com 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.

Also Read:

China digest: Cebserv, Xiaodouwangluo raise funding; Samsung backs DeePhi

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China Digest: Ninebot gets $100m; Tencent backs Wattpad; Dajialai & Jimi raise funds

 

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.