<article>The latest in the deals space among Chinese startups has seen Healthcare venture More Health, bike-sharing startup Hellobike and healthcare provider QSICM, all close Series B funding rounds.</article>

The latest in the deals space among Chinese startups has seen Healthcare venture More Health, bike-sharing startup Hellobike and healthcare provider QSICM, all close Series B funding rounds.
<h3 class="p1">CITIC Capital leads $36m Series B in More Health</h3>
<a style="color: #000080;" href="http://dealstreetasia.com/tag/CITIC-capital" target="_blank">CITIC Capital</a> and a private equity (PE) fund jointly established by the <a style="color: #000080;" href="http://www.abchina.com/en/" target="_blank">Agricultural Bank of China</a> and the Wuxi government have led an RMB250 million ($36.2 million) Series B round in Beijing-based mobile health management platform More Health.
Incepted as an incubation project under Chinese conglomerate SanPower Group, Beijing More Information Technology Co., Ltd. was launched in 2015 and has concentrated on developing a comprehensive healthcare platform that integrates data collection and analysis with health management solutions.
Proceeds from the latest investment will fund further  product development, optimisation of data analysis algorithms, and deeper integration with SanPower.
According to More Health, it provides health behaviour management services for nearly 10 million business customers in the insurance, physical examination and banking sectors. Platforms includes More Plus, which connects smart wearable devices; and More Cloud, a health data storage and analysis system.
<h3 class="p2">Chengwei Capital leads Series B in bike sharing startup Hellobike</h3>
Chengwei Capital has led a Series B inevstment in bike sharing startup <a href="http://dealstreetasia.com/tag/hellobike" target="_blank">Hellobike</a>, even as competition in the bike-sharing service space grows more intense while regulatory risks increased amid their rapid expansion. Existing investor <a style="color: #000080;" href="http://dealstreetasia.com/tag/ggv-capital" target="_blank">GGV Capital</a> also participated in the round. 
Financing details were undisclosed.
However, Hellobike described the latest funding round as &#8220;worth hundreds of millions of RMB.&#8221; In November 2016, it closed a Series A round from GGV Capital.
Han Mei, co-founder and COO of Hellobike, said: “We will enhance the construction of our supply chain and hire more talents. Hellobike has focused on the bike sharing field and made more improvements in our services. We plan to accelerate expansion to other cities and create seamless travel experience to urban residents.&#8221;
The latest investment will fund research and development of new bicycles and to execute market expansion. Hellobike was founded in September 2016 and commenced operations in Suzhou in Zhejiang province. It also operates in Ningbo and Xiamen. The bikes it deploys make use of smart locks and GPS functions. 
<h3 class="p1">Qiming &amp; Legend make $14.5m Series B investment in QSICM</h3>
<a style="color: #000080;" href="http://www.qimingvc.com/" target="_blank">Qiming Venture Partners</a> and <a style="color: #000080;" href="http://dealstreetasia.com/tag/legend-capital" target="_blank">Legend Capital</a> have led a RMB100 million ($14.5 million) Series B round in Qiang Sen International Community Medical (QSICM).
Founded in 2014, QSICM is a community clinic franchise operator based in Xianyang city in Shaanxi province. It currently operates over 20 clinics in Xi&#8217;an and Chengdu with plans to expand to 35 clinics at the end of the year. It aims to open 1000 clinics nationwide.
QSICM clinics feature departments including internal medicine, pediatrics, gynecology, stomatology, laboratory, ultrasonography and electrocardiography.  This latest round will fund the expansion of its network of clinics, improve medical services and brand awareness.
This comes at a time when China is reforming its healthcare system, with the establishment of community healthcare service centres designed to increase accessibility and to reduce patient numbers at large public hospitals which are unable to handel their current patient burden. 
&#8220;QSICM is an explorer of basic healthcare services in Chinese cities. Its strategy is in accordance to state strategy to creating a multi-layer healthcare services system and a network of community healthcare centers,&#8221; said Hu Xubo, a partner at Qiming.
Previous funding rounds by QSICM include a pre-Serise A from venture firm Divine Capital in April 2015; and a Series A round from Divine Capital and Legend Capital in June 2016. Financial terms for these round are undisclosed.
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More Health, Hellobike and QSICM have closed Series B funding rounds. 

China: More Health, Hellobike & QSICM close funding rounds

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China: More Health, Hellobike & QSICM close funding rounds

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