China Digest: Maide Magic, SmartStudy.com and Huiyihuiying raise funds

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

In multiple deals in China’s online education service space, Maide Magic that offers courses on music and arts has raised $10 million while  platform for language and qualification studies, SmartStudy, has raised $30 million. Meanwhile, medical imaging diagnosis firm Huiyihuiying has secured $15 million in a round.

Music education platform Maide Magic gets $10m

Hangzhou-based music education company Maide Magic has raised a $10 million pre-Series A investment from Youcheng Capital. Maide Magic serves as a platform for courses of studies including drum, guitar, piano, marimba and other musical instruments for four to 12-year-old children.

Education platform SmartStudy.com raises $30m Series B

Chinese online education platform SmartStudy.com – that helps students with language and school qualification examinations – has raised RMB200 million ($30 million) Series B from Cash Capital. The platform has served six million students since 2014 and has managed to raise a $10 million Series A from Chinese web service company, Baidu Inc. It helps students prepare for language exams like TOEFL, IELTS and also qualification exams like GRE, GMAT and SAT. They have so far partnered with over 1000 education organizations.

Medical imaging tech firm Huiyihuiying gets $15m Series B

Baijing-based imaging technology startup Huiyihuiying – that performs medical imaging diagnosis using artificial intelligence and big data – has raised $15 million Series B from venture capital firm Delta Capital. Its product can help diagnose lung cancer, breast cancer, colon cancer, ovarian cancer and other common cancers.

Also Read:

China Digest: Suning leads $200m in Yiguo, Baidu closes $30m B round in SmartStudy

China Digest: CMC, AlphaX invest $83m in Gaosi Education; Qiming backs Infervision

 

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.