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

Shanghai. Photo by zhang kaiyv on Unsplash

Chinese giants Tencent Holdings and 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, back EasyRetailPro

Tencent Holdings and 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.

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