China Digest: Hygea Medical gets $28m; Video dating app Yidui nabs $10m

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Chinese oncology-focused biopharma company Hygea Medical Technology has closed nearly 200 million yuan ($28 million) in its Series B round while video dating app Yidui has secured as much as $10 million from XVC. 

Hygea bags $28m in Series B round

Chinese oncology-focused biopharma firm Hygea Medical Technology has secured nearly 200 million yuan ($28 million) in its Series B round funding led by Beijing Jianxing Medical Fund, according to a company statement. 

The current round also saw the participation of Kunying Capital and Shuncheng Capital. 

Established in 2010, Beijing-based Hygea’s solutions cater to cancer therapies targeting diseases in the lung, liver, breast, and kidney. Hygea will continue to develop its micro-invasive and Cryo-HITTM technology. 

Hygea has partnered with 40 portfolio medical institutes in China including Beijing Cancer Hospital, Fudan University Shanghai Cancer Center, and Cancer Hospital Chinese Academy of Medical Science. 

Video dating app Yidui gathers $10m in Series A+ round

Yidui, a video dating app operated by Beijing Milian Technology & Trade, has secured as much as $10 million in its Series A+ round of financing from XVC, a company statement noted. 

It has closed Series A round funding from BlueRun Ventures. 

Milian Technology, which launched the dating app in 2018, claims to have 10,000+ active profiles currently. By the end of 2019, Milian Technology is targeting to cross 1 billion yuan ($142 million) turnover mark.

 

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.