China Digest: Tencent launches meeting app; SF unit bags $14m

Online Conference

Chinese tech giant Tencent has launched a Zoom-like video conference app VooV Meeting for international users. In a separate development, SFMAP Technology, a unit of express logistics service provider SF unit, has garnered more than 100 million yuan ($14 million) in a Series A round of financing. 

Tencent launches new video conference app

Chinese tech giant Tencent has launched a Zoom-like video conference app VooV Meeting for overseas markets, per a company statement. 

VooV Meeting enables access to more than a hundred countries, including Germany, Austria, France, UAE, Singapore, Thailand, Japan, Korea, Egypt, Chile and Costa Rica, among others.

The move comes at a time when a large number of meetings globally are shifting online in the wake of the COVID-19 pandemic. Through the course of the pandemic, VooV Meeting will support online conferences for up to 300 users for free. 

In December 2019, Tencent had released Tencent Meeting, an online conference platform for users in China, accessible over such as smartphones, iPads and laptops. The number of active users on a daily basis is estimated to be 10 million, according to a statement.

Recently, Tencent has made its application-programming-interface (API) open for the public in a bid to advance synergies for industries. Other online conference platforms include Zoom, Microsoft Teams, and DingTalk, Alibaba’s all-in-one enterprise communication tool. 

SF unit SFMAP nets over $14m in Series A round

SFMAP Technology, a subsidiary of Chinese leading express logistics service provider SF, has garnered more than 100 million yuan ($14 million) in a Series A round of financing, according to a company statement on Wednesday. The round was led by Everest Venture Capital, an investment management firm focused on high-tech startups. 

Investment holding company Oriza Holdings, private equity firm Maison Capital, and Jade Capital have also participated in the current round. Tech-driven venture capital firm 100Summit Partners acted as a financial advisor on the deal. 

SFMAP, which was spun off from SF in 2018, is an incubator project focused on high definition (HD) map technology. The company develops precise maps to cater to AI-driven systems that can provide reliable location solutions for governments, enterprises, smart devices and individuals. 

The technology is widely used in SF covering express orders, logistics, distribution, and operation management. Besides, it has provided services for industries, including petroleum, electric power, public security, urban management and smart cities, among others. 

SFMAP claimed that it will further ramp up the capacities in the smart city,  industrial internet of things (IoT), and intelligent supply chain. 

 

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.