Tech in China
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Tech in China

210611 Weekly Funding News

CARS (车好多集团), a 6-year-old, Beijing-based, trading platform that focuses on C2C personal used car buying and selling services, has raised $300 million in new funding round, led by H Capital, followed by Sequoia Capital, IDG Capital, Haoyong Yang Personal Capital.

EcoFlow (正浩创新科技), a 4-year-old, Shenzhen-based, technology company focusing on R&D, production and sales of mobile energy storage products, has raised more than $100 million in Series B funding round, led by Sequoia Capital, followed by Hillhouse Capital and CICC Capital.

Baoyun Liquor (宝酝名酒), a 1-year-old, Tianjin-based, new company dedicated to be a world famous wine brand operation service provider, has raised more than 600 million yuan ($93+ million) in Series A funding round, led by Country Garden, followed by Partners China and Dayone Capital.

Witin Tech (知存科技), a 4-year-old, Beijing-based, company focusing on the research and development of artificial intelligence chips based on advanced technology of storage and calculation, has raised about 300 million yuan ($46+ million) in Series A funding round, led by Flyfot Ventures, followed by 1 More, Keysida Fund and Renxin Capital.

Quandashi (权大师), a 6-year-old, Beijing-based, intellectual property intelligent platform with technology and data as the core driving force, has raised 110 million yuan ($17+ million) in Series B funding round, led by AVIC Capital and Yingke Investment, followed by Yancheng etc.

DCARER (迪凯尔医疗), a 11-year-old, Suzhou-based, high-tech enterprise specializing in the R&D and sales of computer software and hardware, surgical navigation equipment and related products in the dental medical field, has raised about a million yuan ($15 million) in Series C funding round, led by Saic Capital, followed by HD Capital.

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Stories about China’s tech giants, startups, funding, venture capital, trends, and industries of tomorrow.

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Tech In China

Stories about China’s tech giants, startups, funding, venture capital, trends, and industries of tomorrow.