China Digest: Lalamove, Klook, team up in HK; Kano bags nearly $14m

HK-based delivery services player Lalamove has tied up with online travel services provider Klook to launch express food deliveries while industrial robot module solutions developer Kano Chengdu Universal Automation Control Technology has raised 100 million yuan ($14 million) in a Series B round led by Grand Yangtze Capital’s sub-fund.

Lalamove, Klook, team up to facilitate food delivery in HK

Hong Kong-based courier & delivery services player Lalamove, backed by Sequoia Capital China and Hillhouse Capital, has joined hands with Klook, a Chinese online travel services provider, to launch express food delivery in HK to support the restaurant industry amid Covid-19, according to local media reports. 

Both parties aim to help struggling local restaurants to explore take-out food business potential during the disruptions of restaurant dine-in service due to the Covid-19 outbreak. 

Established in 2013, Lalamove is an on-demand and same-day delivery service operating lorries, vans, cars, and motors. It operates in more than 260 cities across Greater China, Southeast Asia, India and Latin America. 

Klook, managed by Shenzhen Klook Network Technology Company Limited, offers global in-destination travel services.

Industrial robot modules maker Kano bags $14m in Series B round

Industrial robot module solutions developer Kano Chengdu Universal Automation Control Technology Co., Ltd has announced the completion of its 100 million yuan ($14 million) Series B round led by Grand Yangtze Capital’s sub-fund with the participation of an unspecified listed company, according to a company statement on Monday. 

It had previously raised 200 million yuan ($29 million) in Series A, angel rounds from Richen Capital and Northern Light Venture Capital in 2018 and 2017, respectively. 

Headquartered in Chengdu, Kano is an AI and robotic process automation company creating industrial robot solutions for small-to-medium-size enterprises.

Kano will invest the latest financing to build its product pipeline as well as for market expansion.

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.