FXiaoKe raises funding from CITIC PE, Hillhouse Capital

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

FXiaoKe, a Beijing-based mobile office solution provider, has raised an undisclosed amount in funding from CITIC Private Equity Funds Management (CITIC PE) and Hillhouse Capital.

Existing investors IDG Capital Partners, DCM and Northern Light Venture Capital also participated in the round, the company said in a media briefing. CITIC PE is a unit of CITIC Ltd., China’s largest conglomerate engaged in financial services, real estate and infrastructure, engineering contracting, resources and energy and manufacturing.

FXiaoKe was founded in 2011, and started a provider of sales management software that supported customer relationship management, along with field operation management and distribution chain management.

It later became a software as a service (SaaS) provider of mobile office solutions to Chinese companies. In July, it raised $100 million in series D funding from IDG, DCM and Northern Light Venture Capital. It had earlier raised $50 million in a series C round led by DCM in December 2014.

SaaS is a licensing and distribution model for companies that host software centrally. Such licensing is offered to clients on a subscription basis.

Fxiaoke now has more than a thousand employees, with offices in Shanghai, Guangzhou, Shenzhen and Hangzhou. It claims to have more than 115,000 registered enterprise users.

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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.