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

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.

Also Read:

China Digest: Healthcare platform Shequ580 and tech startup Surestar raise funds

China Digest: MoSeeker, Ulucu, Huangjinguanjia and Huiyihuiying raise funds

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.