Sky9 backs Changjing.AI and 11 more deal updates from Greater China

Beijing-headquartered software-as-a-service (SaaS) provider Changjing.AI has raised ‘millions of US dollars’ in a Series A round from Sky9 Capital, per an announcement on WeChat on Thursday.

Sky9 Capital, based in Shanghai, invests in a gamut of sectors such as the internet, technology, consumption and healthcare, among others.

Changjing.AI, also known as Yijing Zhilian (Beijing) Technology Co., Ltd, had raised its angel round in July last year from a host of inevstors including Chinese AI technology and service provider 4Paradigm.

Set up in 2019, Changjing.AI develops data-driven intelligent SaaS applications that help enterprises improve operational management across business planning, data analysis, strategy initiative and after-service support. Its services are widely used by over 10 industries including real estate, retail, manufacturing, and education.

The startup’s top clients include property developers Country Garden and Longfor, global consumer brand Unilever, sportswear retailer Decathlon, and Meituan, among others.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 13-14, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
WeRideGuangzhou310 millionB2, B3Yutong GroupQiming Venture Partners, Kinzon Capital, CMC Capital, CDB Equipment Manufacturing Industrial Investment Fund, Hengjian Investment, Zhuhai Huajin Capital, Tryin CapitalAutonomous Driving
CidiChangsha62 million-Xinding CapitalFunder H Fund, Yuelu Zhixin, Qingsong Capital, Yunfa GroupAutonomous Driving
JakaShanghai46 millionCCITIC Private Equity Funds Management's sub-fund, CMG-SDIC CapitalFG VentureRobotics & Drones
Beijing Surgerii TechnologyBeijing46 millionBCMG-SDIC CapitalCD Capital, Shunwei Capital, Tianfeng Capital, Huiding InvestmentRobotics & Drones
XpeedicShanghai15 million-Sailing CapitalSH CapitalAI and Machine Learning
Jiufang KejiWuxi3.4 millionPre-AZhengxuan HoldingsHTI, TusStarSaas
BUFFXHangzhou* 1.5 millionABA CapitalSequoia Capital China, Plum Capital, GGV CapitalN/A
Applied Power MicroelectronicsChangzhou* 1.5 million-Addor Capital-N/A
Changjing.AIBeijing* 1.5 millionA-Sky9 CapitalSaas
Novlead BiotechNanjing* 1.5 millionANorthern Light Venture CapitalInnoMed CapitalN/A
TerraquantaChengdu-A+-Shunwei CapitalBig Data
Shenzhen Jinri Rencai Information TechnologyShenzhen-A, A+Gang Wang (Didi Chuxing's Angel Investor)Kaiying Capital, Jiaquan Li (Individual Investor), Changzhou Gaoxiong Rencai Investment, Fuhui InvestmentHR tech

indicates that the company did not provide the specific size of the deal but only a range. So, we adopted 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.