China Digest: Sanjieke, Immunochina in funding news

Sanjieke, a China-based vocational training services provider, has secured over 200 million yuan ($30 million) in its Series B+ and C rounds of funding, while Beijing Immunochina Pharmaceutical has raised ‘tens of millions of US dollars’ led by China Life Healthcare Investment.

Owl Ventures backs Sanjieke

Chinese training services startup Sanjieke has garnered over 200 million yuan ($30 million) in its Series B+ and C rounds of financing.

The Series B+ round was joined by San Francisco-based global education technology investment firm Owl Ventures, while online courses provider Udemy participated in the Series C round.

Sanjieke plans to deploy the proceeds of the funding towards course development and strengthening its instructor team.

Beijing-headquartered Sanjieke specialises in vocational training courses. It helps enterprise employees or individuals improve professional skills. It has offered over 7,000 courses linked to new technology, business and management since its inception in 2015.

It claims to have served about 3,000 enterprises such as Alibaba, ByteDance, Tencent, Huawei and China Mobile.

Sanjieke’s early investors include IDG Capital, K2VC, Wu Capital, Geekhouse Capital and Fanzhuo Capital.

Immunochina nets over $15m in Series D 

Beijing Immunochina Pharmaceutical Co., Ltd, a developer of innovative gene and cell therapies for malignant tumors, has completed its Series D round, raising ‘tens of millions of US dollars’.

The round was led by state-backed China Life Private Equity Investment’s China Life Healthcare Investment. New investor GF Qianhe, besides return backers SDIC Venture Capital and Longmen Investment, joined the round.

In 2020, SDIC Venture Capital had made an investment in the company’s Series C++ round, while Longmen Investment had infused 100 million yuan ($15 million) in its Series C+ round.

The funding round will be used to facilitate clinical trials and commercialisation of pipeline products.

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.