Petrol station-driven smart solutions developer Shaanxi Winner Media Co., Ltd has raised $14 million in a strategic investment led by state-owned oil and gas giant China National Petroleum Corporation (CNPC).
The round also saw the participation of its existing investor Detong Capital.
Earlier in July 2018, Detong Capital had backed Winner’s $14 million funding round along with other investors such as Shaanxi Culture Industry Investment Group.
Set up in 2010, Winner operates internet platforms to provide smart solutions for petrol stations. It offers services such as online payment, navigation, and insurance, among others.
As of April 2020, Winner claims to have catered to over 20,000 petrol stations and built partnerships with more than 1,000 companies across finance, insurance, telecommunication, and internet marketing.
Winner will allocate the proceeds to upgrade its technical service system, enhance management capacity, advance operation service and revamp user-friendly experience.
Going forward, Winner also plans to innovate smart petrol stations and develop its cloud-based online payment platforms for the energy industry.
CNPC manages 413 billion yuan ($58 billion) in assets under management. Its oil and energy products are exported to over 30 countries.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from May 7 to May 8, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Enflame Technology||Shanghai||99 million||B||SummitView Capital||Shanghai Innovative Capital (SHIVC), Oceanpine Capital, Delta Capital, Redpoint China Ventures||Cloud Computing|
|Vazyme Biotech||Nanjing||78 million||C||China Life Insurance healthcare fund||Sherpa Capital||Life Science|
|Huisuanzhang||Beijing||60 million||C+||Sunshine Insurance Group||Xiaomi Corporation, Gaocheng Capital||Financial Service|
|Shaanxi Winner Media||Xi’an||14 million||Strategic Investment||China National Petroleum Corporation (CNPC)||Detong Capital||Payment|
|Wandianzhang||Suzhou||11 million||B||Detong Capital||Ocean Fortune Glory Asset Management, SND Group||SaaS|
|Llvision||Beijing||7 million||Strategic Investment||Beijing Qitang Changhou Fund||-||Augmented Reality|
|Oneinfitech||Shanghai||-||A||Genesis Capital||Future Capital||Transportation|
|ZiYun Technology||Shanghai||-||A+||Panlin Capital||-||Industrials|