China Digest: DataStory bags $39m; Yiming Cell raises nearly $30m

Big data and AI services provider DataStory has secured 250 million yuan ($39 million) in a Series C+ round, while CDMO services specialist Yiming Cell Technology has raised nearly 200 million yuan ($30 million). 

DataStory bags $39m in a Series C+ round 

DataStory, a developer of big data and AI services and applications for enterprises, has secured 250 million yuan ($39 million) in a Series C+ round of financing, per a company statement on Thursday.

Xiaomi Corporation alongside its investment arm Shunwei Capital jointly led the fresh round. 

Proceeds from the financing will be used to spruce up four projects — platform-as-a-service (PasS) based system, product innovations, business ecosystem development, and global expansion.

Six-year-old DataStory leverages its big data platform and cognitive AI technology to support digitalisation across industries. Through a matrix of five cloud computing products linking to content, sales, and marketing, it helps companies improve efficiency toward product innovation, brand marketing and service support. 

DataStory has already closed six other rounds of financing and is backed by Zhuhai Da Heng Qin Company, Technology Financial Group, Ipsos Investment, and Join-Cheer Software, among others.

Yiming Cell raises nearly $30m in Series B round 

Yiming Cell Technology Co., Ltd, a contract development manufacturing organisation (CDMO) for gene and cell therapy, announced on Thursday that it has pocketed approximately 200 million yuan ($30 million). 

It attracted two new investors namely Addor Capital and IDG Capital, while existing investors including Huagai Capital, Cowin Capital, and healthcare industry-focused investment firm Ming Bioventures, re-upped in the current round, according to a company statement. 

The fresh round follows the completion of 120 million yuan ($18.7 million) in a Series A round from Huagai Capital, Cowin Capital, Ming Ventures, and other investors late last year. 

Yiming will invest the fund for CDMO solutions, facility base, marketing activity, and technology innovation. 

Headquartered in Beijing, Yiming runs as a biotechnology company that provides one-stop drug discovery and development service for global pharmaceutical enterprises.

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.