Lenovo Capital backs Little Bear Rental and 15 more deal updates from Greater China

Little Bear Rental, a provider of IT equipment rental services, has garnered an undisclosed strategic investment exclusively from Lenovo Capital, the corporate venture capital arm of Lenovo Group.

The company is backed by leading investors and groups such as JD.com, Tencent, China’s National SME Development Fund, and Oriental Fortune Capital.

Little Bear Rental primarily caters to small-and-medium enterprises and claims to have served over 30,000 companies helping to lower their total cost of ownership. In a statement, it cited statistics from market research institute DBI that states China’s office IT equipment rental market will reach 100 billion yuan ($15 billion) by 2027. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on August 10 – 11, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
MediTrust HealthShanghai308 millionCBoyu Capital, Janchor PartnersLilly Asia Ventures (LAV), CICC Capital, B Capital Group, Bank of China Group Investment, Everbright Limited, Lake Bleu Capital, AIHC Capital, New Alliance Capital, Sinovation Venture, Huaxing Growth Capital, Shanghai Biopharmaceutical Investment Fund, Marathon Venture PartnersHealthTech
Mabang Software Shanghai46 millionBSoftBank Ventures AsiaRaycloudE-commerce
TongshifuHangzhou30 millionCChina SME Development FundFosun Capital N/A
JustFitHangzhou23 millionB+Shenzhen Capital GroupOriza FoFS, SenseTime, Gongshu Guotou Investment, Xiang He Capital, Vision Plus Capital, Qingsong FundE-commerce
UnionCottonShanghai23 millionB-Huizhou Dayawan Technology Innovation InvestmentE-commerce
LuoanBeijing15 millionB+, B++-B+: Rongteng 5G Network Industry Fund, SAIC Industry Fund; B++: Oriza PriorAI and Machine Learning
SermatecShanghai15 millionASinovation VenturesCo-win Capital, Three Gorges Power, Shuifa Energy GroupCleanTech
ZuifuliShanghai* 10 millionALingfeng Capital -N/A
Miaomi TechnologyNanjing* 1.5 millionPre-A-Hangzhou Xingrui Wanjia Investment, Junde TIS, Xingchen FundAI and Machine Learning
SMCAIOTGuangzhou* 1.5 millionA-JD TechnologyAI and Machine Learning
AulandShenzhen* 1.5 million-Creo CapitalRunxing Ruihua Fund, Guouhua Energy InvestmentNanotechnology
Mrcro-innovation PharmaNanjing* 1.5 millionPre-A-Oriza Seed, Kaitai Capital, Shanghai Wenzhou Investment N/A
nans-tech.comHangzhou1.5 millionPre-A-Plum VenturesHealthTech
Seabees Can DoXiamen1.5 millionPre-A-Albatross VentureSaas
Jishi DesignBeijing-A+SIG China, Source Code Capital Bluerun Ventures, Eminence VenturesSaas
Little Bear Rental Shenzhen-Strategy-Lenovo CapitalE-commerce

∗ 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 ($1.5 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.