Company: Knowbox (作业盒子)
Round: Series C, February 2018
Amount: US$ 100 million
Investors: YF Capital, TAL Education Group
Profile: Founded in 2014, Knowbox is a tool for K12 education that allows teachers to assign and correct homework online. Students can also interact with teachers using its app.
The startup claims, as of April 2018, it has over 27 million registered student users and 2 million teachers on its platform, covering 70k schools in 400 Chinese cities. Its DAU tops 3.7 million.
Company: HEYTEA (喜茶)
Round: Series B, April 2018
Amount: RMB 400 million (approx. US$ 63.1 million)
Investors: Longzhu Capital
Profile: Founded in 2012, HEYTEA is a beverage brand that sells tea drinks in 90 stores across China.
The startup recently started to allow consumers to order takeaways using Meituan’s delivery app, as there are always long queues outside of its stores.
Round: Series A, April 2018
Amount: US$10 million
Investors: Tencent, CF, Maven Ventures, Lemnos Labs, Zach Coelius
Profile: Founded in March 2015, Marble designs courier robots for last mile delivery. Marble robots can deliver takeaway, medicine, and grocery to customers who can unlock the robot with an access code.
The startup launched its food-delivery robot in last April in partnership with Yelp.
Company: AutocloudPro (车通云)
Round: Series C, April 2018
Amount: RMB 500 million (US$ 78.9 million)
Profile: Founded in 2015 in Shanghai, AutocloudPro is a platform for auto parts that targets insurance companies, auto stores, and maintenance stores. When a customer places an order, AutocloudPro sends it to parts suppliers and manufacturers, who will ship the parts to customers.
According to consulting firm Roland Berger, the market size for auto parts in China reached RMB 500 billion (approx. US$79 billion) in 2016 and is projected to reach RMB 800 billion (approx. US$ 126 billion) by 2022.
Round: Series C, April 2018
Amount: RMB 240 million (approx. US$37.8 million)
Investors: New Enterprise Associates, Redpoint, Qiming Venture Partners, Northern Light Venture Capital
Profile: Founded in 2015 in Beijing, XSKY provides software-defined-infrastructure products and services. The startup offers internet carrier operation experience and open-source technology while providing storage solutions.
The company claims to be ranked top 3 in the world and #1 in China of source code contribution in Ceph community.
Elaine Kim of Trehaus on the pursuit of positive impact: Women in TechElaine Kim of Trehaus on the pursuit of positive impact: Women in Tech
A third Nio car catches fire in China within two monthsA third Nio car catches fire in China within two months
Irzan Raditya of Kata.ai on building conversational AI tech: Startup StoriesIrzan Raditya of Kata.ai on building conversational AI tech: Startup Stories
Asymmetrical Operation: Early StageAsymmetrical Operation: Early Stage
Across ASEAN, regulatory sandboxes are managing risk in fintech innovationAcross ASEAN, regulatory sandboxes are managing risk in fintech innovation