China Digest: Tencent, JD.com back EasyRetailPro; Sequoia invests in OneMena

Shanghai. Photo by zhang kaiyv on Unsplash

Chinese giants Tencent Holdings and JD.com have led a Series B round of funding in EasyRetailPro. Meanwhile, Sequoia Capital China has led a Series A round in Beijing-based startup OneMena.

Tencent, JD.com back EasyRetailPro

Tencent Holdings and JD.com Inc have led a $20-million Series B round of funding in CRM solutions provider EasyRetailPro.

The round was joined by DCM Ventures and Vertex Ventures.

EasyRetailPro had earlier raised an undisclosed amount from Microsoft Accelerator Shanghai in June. According to venture intelligence firm CB Insight, it has secured seed funding from P&G Alumni Fund.

EasyRetailPro provides a social CRM solution for retail customers by leveraging Big Data and artificial intelligence (AI). It claims to help retail chains get deep insights about their customers based on transaction data, social media engagements and more.

Sequoia China leads OneMena’s Series A

OneMena, a Beijing-based mobile software and service provider, has raised tens of millions of US dollars in a Series A round led by Sequoia Capital China.

The startup focuses on the mobile Internet market in the Middle East.

Recently, Sequoia Capital China also announced investing an undisclosed sum in a pre-Series A round in Leap Motor, a Hangzhou-based electric vehicle startup.

Also Read:

Sequoia China leads pre-Series A round in electric vehicle startup Leap Motor

Sequoia China invests in Hong Kong-based fixed income manager Income Partners

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.