<article>In deal updates from China, Shanghai Sunmi Technology and ThreatBook have closed their latest funding rounds for product and service development and business expansion.</article>

In deal updates from China, Shanghai Sunmi Technology and ThreatBook have closed their latest funding rounds for product and service development and business expansion.
<h3>Shanghai Sunmi Technology completes series C round</h3>
<a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Shanghai+Sunmi+Technology">Shanghai Sunmi Technology</a> has closed its Series C, in the region of hundreds of million yuan, from undisclosed investors, according to Chinese media’s reports.
Founded in 2014, Shanghai Sunmi Technology is a technological innovation-based enterprise, providing professional intelligent commercial hardware for O2O internet platforms, software developers and traditional business owners.
The company is also a developer of smart point-of-sale terminal, used in Chinese smartphone manufacturer <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Xiaomi">Xiaomi</a>&#8216;s ecosystem as well as creates smart payment devices, which uses its own Andriod-based payment system Sunmiui. Currently, Sunmi has more than 3,000 applications on its platform.
Sunmi first raised RMB80 million ($12 million) in a series A round from Xiaomi, Shenzhen Capital Group and Chinese investor Hu Zemin. In 2015, it completed an RMB200 million ($29 million) series B round from Xiaomi, Shenzhen Capital Group and Meituan-Dianping and an RMB100 million ($14.5 million) series B+ round from Chinese e-commerce platform Weidian, according to China Money Network’s report.
<h3 class="tinymce-colortext" style="text-align: justify;">China&#8217;s ThreatBook closes $18.5m series B</h3>
<a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=threatbook">ThreatBook</a>, the first threat intelligence company in China, has sealed an RMB120 million ($18.5 million) series B round led by Hong Kong-based <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=+Hillhouse+Capital">Hillhouse Capital</a>.
The funds will be used to support the company’s expansion, tweeted ThreatBook.
This round has come after its RMB35-million series A round led by China Soft Capital and Northern Light Venture Capital in February this year.
The company was founded in 2015 by Feng Xue, a former chief security officer of Amazon China and Internet Security Strategy Director of Microsoft China.
Its team comprises visionary security strategist and experienced cyber security researchers from  leading companies such as Amazon, Alibaba, Microsoft and Alipay.
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Shanghai Sunmi Technology and ThreatBook have closed their latest funding rounds for product and service development and business expansion.

China Digest: Shanghai Sunmi Tech closes Series C; ThreatBook raises $18.5m

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China Digest: Shanghai Sunmi Tech closes Series C; ThreatBook raises $18.5m

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