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CHINA BRIEF | SAIF-backed chatbot maker Xiaoneng closes USD 17.6 million Series C

China’s chatbot industry is estimated to be worth USD 2.1 billion.

china brief ai

Chatbot maker Xiaoneng has closed a RMB 125 million (USD 17.6 million) Series C round, led by V-Capital, the venture capital unit of Huaxi Holdings, 36Kr reported on Friday.

The Beijing-based software company, which was founded in 2007 and counts SAIF Partners among its early investors, has not revealed how new funds will be used.

Since its launch, Xiaoneng has served more than 3,000 corporate clients in industries including e-commerce, automotive, online education, medical care, tourism, and fintech. Dangdang, an e-commerce platforms focused on books, and English-language training giant New Oriental Education (NYSE: EDU) are both among Xiaoneng’s clients, according to the company’s website.

China’s chatbot industry is worth RMB 15 billion (USD 2.1 billion), according to 36Kr, citing a report released by financial data provider Jingdata.

36Kr is KrASIA’s parent company

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.