China Digest: Onlyou, Zhenkunhang, Bliss Mall, Zuotoujing, Laihua.com fundraise

Photo: REUTERS/JASON LEE

Onlyou, a Chinese one-stop enterprise service platform, has raised $45 million in a Series A round of funding from investors including AVIC Trust, Sunner Capital, Xiamen Changrong Investment Management Co., Ltd, and Pan-China (Xiamen) Consulting Co.,Ltd. The other startups to raise funding include Onlyou, Zhenkunhang, Bliss Mall, Zuotoujing, and Laihua.com, reported CMN.

Onlyou secures $45m Series A

Onlyou, a Chinese one-stop enterprise service platform, has raised $45 million in a Series A round of funding from investors including AVIC Trust, Sunner Capital, Xiamen Changrong Investment Management Co., Ltd, and Pan-China (Xiamen) Consulting Co.,Ltd. The startup covers segments including commercial business, finance, taxes, accounting, human resource management, etc.

Genesis leads $33m in Zhenkunhang

Zhenkunhang, which operates through ZKH360.com, has raised $33 million in a Series B+ round of funding led by Genesis Capital. The round also saw participation from Eastern Bell Venture Capital, and Matrix Partners China. Zhenkunhang is a Shanghai-based industrial products distribution platform, providing maintenance, repair and operation (MRO) tools and consumables.

Bliss Mall gets $14.5m funding

Bliss Mall, a Shenzhen-based online cake booking and sales platform, has raised $14.5 million in a Series A round of financing led by Longzhu Capital (formerly known as Meituan-Dianping Industry Fund), with participation from Bright Venture Capital.

Bowei Capital invests in Zuotoujing

Zuotoujing, a Chinese travel service platform, has raised tens of millions of RMB from Bowei Capital, with participation from Yuntouhui, and Zhongshuo Capital. The platform provides group travel and customized travel products.

QF Capital backs Laihua.com

Laihua.com, a Chinese hand-painted video creation platform, has raised Series A V1.cn, with participation from QF Capital. It mainly provides hand-painted video creation tools, video bespoken service, as well as relevant education and training.

Also Read:

China Digest: Supermonkey raises Series C; Xiaoe Weidian bags $30m Series B

China: Shankai Sports gets $45m from Yao Capital; Shanghai Fosun backs LinkedCare

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.