China Digest: Yunxuetang raises $50m Series C; NextVPU snags $28m

YXT.com

Yunxuetang, an online corporate training platform, has raised a $50-million Series C round led by YunFeng Capital while AI and computer vision startup NextVPU has raised $28.82 million Series A from Cethik.

Employee training platform Yunxuetang raises $50m Series C

Suzhou and Beijing-headquartered online corporate training platform Yunxuetang has completed a $50-million Series C investment led by YunFeng Capital, a private equity firm co-founded by Jack Ma, executive chairman of Alibaba, the company announced.

Susquehanna International Group (SIG), an existing investor in Yunxuetang which led a $22 million Series B round in the company, also participated in the latest round.

Established in 2011, Yunxuetang is a learning management system offering services from exams to learning materials for companies operating in real estate, banking and insurance.

Computer vision firm NextVPU raises $28m Series A

Shanghai-based AI and computer vision startup NextVPU has raised RMB200 million ($28.82 million) in a Series A round from Cethik, a safety electronics subsidiary of Chinese state-owned firm China Electronics Technology Group, according to the China Money Network.

NextVPU offers embedded AI solutions for smart devices and applications. Proceeds from the round will be used to accelerate research and development, team expansion and strategic growth initiatives.

In 2016, NextVPU raised its angel round from Chinese venture capital firm Frees Fund.

Also Read:

China: SIG leads $22m series B in employee training firm Yunxuetang

SIG Asia leads Series B2 round of Chinese car-sharing operator TOGO

 

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.