China Deal Monitor: Hillhouse, BV invest in Create Link and more updates

Hangzhou-based data service provider Create Link, formerly called Graph Intelligence, has garnered “millions of US dollars” in a Series A round funding led by Chinese global PE firm Hillhouse Capital and joined by new investor Hangzhou West Lake Innovation Fund, as per a company statement on October 14.

Chinese search engine giant Baidu’s investment vehicle Baidu Ventures (BV) also re-upped in the funding round. BV has had made an undisclosed investment in Create Link’s angel round in 2018.

Founded by Dr. Chen Zhang in 2016, Create Link delivers knowledge graph-based database solutions that help industries in maximising image data storage, analysis, and management. Create Link’s flagship product, Galaxybase, is widely used in finance, internet, power, supply chain and smart marking.

“Graph database will significantly contribute to the development of database in the future, and it is expected to have huge potential in social media, finance, e-commerce, and life sciences, among other things,” BV said in the statement. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on October 14-16, 2020. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Enovate MotorShanghai743 millionCCenovaSIG, Bluerun VenturesAutonomous Driving
Nanyan Information TechnologyShanghai37 millionBVision Knight CapitalMooc-cn Education, Toutou Shidao FundInsuretech
Shaonian DedaoTianjin 30 millionB+-Chuanggu Capital, Liudong Capital, Heju Mingde Fund, Dongfang GuoziEdTech
Tsingtech MicrovisionSuzhou14 million--China Internet Investment FundAutonomous Driving
LuculentNanjing14 millionPre-AV FundDashu Changqing Asset Management, ZhenFundBig Data
X-EPIC CooperationNanjing14 millionC+--N/A
ImmunochinoBeijing14 millionC-Jinmao Capital, Zhong Huijin CapitalHealthTech
Beijing Vion TechnologyBeijing14 millionB-Qijing Capital, Qiaojing Capital, Beijing Changping Technology Park Development LimitedAI and Machine Learning
Leto LaboratoriesBeijing14 millionA-Kaitai CapitalHealthTech
InfodatorWuxi* 1.4 millionAHillhouse CapitalBaidu Ventures, Hangzhou West Lake Innovation FundRobotics & Drones
Create LinkHangzhou* 1.4 million--Legend Star, GSR CapitalBig Data
Lanxiang ZhilianHangzhou* 1.4 million--Panlin Capital, Everest VCN/A
ChipanalogShanghai* 1.4 millionPre-A-JUE CapitalN/A
Shi San YuHangzhou* 1.4 millionACoatue ManagementHoney Capital, Snow Lake Capital, ZhenFundN/A
SimpcareGuangzhou-B-Xiaomi Changjiang Industrial Investment Fund, TrustBridge Capital, Sanxia Jinshi Fund, Allin Capital, AVIC Capital Management, Hongye Fund, Joint CapitalBeauty & Hygiene
Lumilan Ningbo----N/A

∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopt the smallest number in the range, which is “10 million yuan ($1.4 million)” in the given example. 

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.