China Deal Monitor: Oil and gas giant CNPC backs Winner and more updates

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. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Enflame TechnologyShanghai99 millionBSummitView CapitalShanghai Innovative Capital (SHIVC), Oceanpine Capital, Delta Capital, Redpoint China VenturesCloud Computing
Vazyme BiotechNanjing78 million CChina Life Insurance healthcare fundSherpa CapitalLife Science
HuisuanzhangBeijing60 millionC+Sunshine Insurance GroupXiaomi Corporation, Gaocheng CapitalFinancial Service
Shaanxi Winner Media Xi’an14 millionStrategic InvestmentChina National Petroleum Corporation (CNPC)Detong CapitalPayment
WandianzhangSuzhou11 millionBDetong CapitalOcean Fortune Glory Asset Management, SND GroupSaaS
LlvisionBeijing7 millionStrategic InvestmentBeijing Qitang Changhou Fund-Augmented Reality
OneinfitechShanghai-AGenesis CapitalFuture CapitalTransportation
ZiYun TechnologyShanghai-A+Panlin Capital-Industrials

 

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.