China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds

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Chinese Yuan notes. Photo: Reuters

China’s venture capital and private equity firms continue to invest in the country’s startup community. Here are some of the firms that received fresh funding from Chinese investors, based on a China Money Network Report.

Tsign secures $23m in series B+

Hangzhou-based electronic signature service provider Tsign has secured $23 million in series B+ funding round led by Shenzhen Qianhai Wutong M&A Fund Management, with participation of THG Ventures.

Tsign offers real-name authentication, electronic signature, electronic contract, and legal services in the fields of public utilities, finance, and Internet enterprises.

4K Garden raises $10m in series A+

Guangdong Technology Financial Group Co Ltd led the $10 million series A+ funding round of 4K Garden, a Chinese 4K ultra high definition video production and distribution platform.

Zheshang Venture Capital, a private equity and venture capital firm specializing in seed stage and pre-IPO stage investments, also participated in the latest funding round.

HUAZHI IMT gets $15m from Banyan, Ying Capital

Banyan Capital and Ying Capital have co-led a $15 million series A+ funding round of Shenzhen-based HUAZHI IMT.

HUAZHI IMT is a global intelligent manufacturing solution provider and system integrator based in Shenzhen of China with eight overseas offices and research institutions.

Weacar, Fit-Start raise fresh funds in pre-A funding round

Huangzhou-based online car trading platform Weacar and Shanghai-based fitness service platform FitStart have raised tens of millions of RMB in their pre-series A funding round.

Tongkong Investment Group led the funding round for Weacar, with participation from Guangzhou HOZDO Visual Logistics. Fit-Start, however, did not disclose the investors of its pre-A funding round. Fit-Start provides online fitness consulting and offline physical training courses for customers.

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