China Digest: RealAI snags $46m in Series A; Laihua raises $42m

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Beijing-headquartered RealAI has garnered over 300 million yuan (about $46 million) in its Series A round of financing, while animated content platform Laihua has pocketed 266 million yuan ($42 million) in its Series C round.

RealAI snags $46m in Series A 

RealAI, headquartered in Beijing, announced on Thursday that it has garnered over 300 million yuan ($46 million) in its Series A round of financing.

New investors who participated in the round are Alibaba’s Ant Group and Kaola Fund, besides existing investor Delta Capital.

Founded by Tsinghua University’s AI research institute in 2018, RealAI is an artificial intelligence technology company. Its intelligent platforms – RealSafe, RealSecure and DeepReal – help safeguard security related to data and privacy, among others.

RealAI, which claims to have completed four rounds of financing to date, plans to invest the proceeds to spruce up its AI infrastructure platforms, and ramp up headcount.

RealAI caters to industries such as finance, energy and the internet – it counts China National Petroleum Corporation (CNPC), Power China, State Grid, and SPD Bank among its top clients.

Laihua raises $42m in Series C round

Animated content platform Laihua said on Thursday that it has pocketed 266 million yuan ($42 million) in its Series C round from investors such as CDH Venture and Growth Capital (VGC) and Esencia Fund.

Laihua has secured 620 million yuan ($96 million) over the past 10 months in three rounds of funding. Earlier, in July, it raised 188 million yuan ($29 million) in its pre-Series C round led by New Oriental Education and Culture Industrial Fund.

Prior to that, in April, it garnered 166 million yuan ($25 million) in its Series B++round of financing from Zhencheng Capital, Infinity Group’s Infinity Capital, among others.

Set up in 2015 by Shenzhen Qianhai Hand-painted Technology and Culture, Laihua claims to have served about 1,000 clients including the country’s Ministry of Culture and Tourism, and companies such as Alibaba, Tencent, Huawei, and Baidu.

Besides flagship products namely Doratoon, Soom and Perfoo, Laihua recently launched two new tools Laiiva and Whimark to improve collaborative working.

 

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.