Tracxn - Geo - China Tech - Apr 2021

TRACXN MONTHLY REPORT
APRIL 2021
CHINA TECH

China Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
China Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 17
Top Funded Business Models - last 1 year 19
New Analyst Picks 20
IPOs 27
Acquisitions 28
Recent News 29

China Tech Snapshot – April 2021
China Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$5.3B
83 1
Overall Geo Stats
20
4
192
75
110
Funding Rounds $ Invested Analyst Picks
Black Sesame
Technologies
Upgraded to
UNICORN
New Investors
yinhongfund.com
Dragoneer Investment
Group
Series A+ rounds Active Investors IPOs
infobird
Acquisitions
China Biologic
Products Holdings#@
Koala Reading#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Shanghai
(20 Rounds, $1.8B)
Beijing
(15 Rounds, $304M)
Haidian
(12 Rounds, $235M)
Pudong
(8 Rounds, $369M)
$1.8B - Series D
J&T Express (2019, , $1.8B)
$815M - Series E
Unisoc (2001, Shanghai, $1.4B)
$700M - Series D
Dingdong Maicai (2014, Shanghai, $1B)
$231M - Series C
Black Sesame Technologies (2016,
Pudong, $346M)
Tencent
(7 Investments)
Sequoia Capital
(6 Investments)
IDG Capital
(6 Investments)
Matrix Partners China
(6 Investments)
Logistics Tech
J&T Express
AI Infrastructure
Unisoc
Analog and Mixed Signal ICs
Black Sesame Technologies
Internet of Things Infrastructure
Defeng Xinzheng Technology
Market Size
Companies Covered 26,467
Funded Companies 12,968
Total Funding $425B
Funding in last 12 months $64.9B
Top Exits
IPOs 566
Acquisitions 467
Company Stage
Unicorns 160
Soonicorns 529
Minicorns 763
Editor Picks 3,218
Series A+ 5,803
Series C+ 1,162
Acqui-Hires 2
Deadpooled 4,198
Top Cities
Beijing (5,564 Rounds, $125B)
Shanghai (3,098 Rounds, $74.5B)
Top Investors
Sequoia Capital (397 Investments)
IDG Capital (308 Investments)

Investment Snapshot
Investment Snapshot of China Tech as of April 2021
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
J&T Express
(2019, , $1.8B)
$1.8B - Series D Boyu Capital
Unisoc
(2001, Shanghai, $1.4B)
$815M - Series E Country Garden Ventures
Dingdong Maicai
(2014, Shanghai, $1.0B)
$700M - Series D DST Global
Black Sesame Technologies
(2016, Pudong, $346M)
$231M - Series C Xiaomi
Shumei
(2015, Beijing, $218M)
$135M - Series D Shunwei Capital
Stonewise
(2018, Haidian, $100M)
$100M - Series B Legend Capital
Gaoxian Technology
(2013, Shanghai, $137M)
$100M - Series B Longhu Group
Vastai Technologies
(2018, Pudong, $127M)
$77.1M - Series A China Internet Investment Fund
Defeng Xinzheng Technology
(2015, Wuhan, $91.1M)
$77.0M - Series B Shenzhen Capital Group
Xiamen Yiche Times
Information Technology
(2016, Xiamen, $92.3M)
$70.0M - Series C SIG
Kyligence
(2016, Shanghai, $118M)
$70.0M - Series D SPDB International Holdings
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in China Tech in April 2021
China Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$3.0M - Series D
LianBio (1999, Shanghai, $313.0M)
Provider of a therapeutic for cardiorenal and oncology
diseases
LATE STAGE
$15.3M - Series C
Baozhuniu (2015, Tianjin, $15.3M)
Online insurance platform for businesses
Haoyu Capital, Matrix Partners China, China Merchants
Venture Capital, Marathon Venture Partners, ZRC
LATE STAGE
$15.3M - Series C
Emotibot (2015, Shanghai, $145.4M)
Develops virtual assistant with emotion analysis
feature
Guangfa Shunde Investment Management, Langma
Feng Venture Capital
LATE STAGE
$15.4M - Series D
SceneRay (2011, Suzhou, $15.4M)
Portfolio of Neuromodulation devices
Yanchuang Capital, Deyi Capital, Tahoe Ventures
LATE STAGE
$15.4M - Series C
InnerMedical (2015, Nanshan, $15.4M)
Developer of interventional imaging equipment
Sangel Capital, Guiyang Venture Capital, Efung Capital,
Shenzhen Gaoxintou Group
LATE STAGE
$23.1M - Series C
Beijing Liufangyun Technology (2018, Haidian,
$23.1M)
Provider of industrial cybersecurity solution
LATE STAGE
$30.0M - Series C
Suzhou Extreme Robot Technology (2016,
Suzhou, $30.0M)
Developer of drones having applications in multiple
industries
Temasek, CITIC, Bits x Bites, Yuanhe Holdings, CGC, and
1 more
LATE STAGE
$30.7M - Series D
Shanghai Guanan Information Technology
(2013, Haidian, $51.4M)
Provider of managed security services
IDG Capital,
LATE STAGE
$30.8M - Series C
Sobot (2014, Beijing, $120.3M)
AI based NLP engine used for business intelligence
services
Hillhouse Capital Group, Yunqi Partners

6
LATE STAGE
$34.8M - Series C
IceKredit (2015, Shanghai, $158.5M)
Credit assessment solutions for financial institutions
Guochuang Zhongding, Shenzhen Dongfang Fuhai
Investment Management, Haoyu Capital
LATE STAGE
$38.5M - Series C
Boreton Technology (2016, Shanghai, $38.5M)
Developer of heavy-duty electric trucks
broad-ocean.com.cn, Liu Jun
LATE STAGE
$46.0M - Series D
VivaVision Biotech (2016, Pudong, $46.0M)
Developer of therapeutic solutions for treating multiple
eye diseases
Sequoia, Cenova Ventures, Shanghai Pudong Science
and Technology Group, Xiamen Changrong Investment
Management, FengHe Group, and 1 more
LATE STAGE
$46.2M - Series D
Beijing Weimai Medical Equipment (2015,
Beijing, $60.8M)
Provider of digital angiography system
Lake Bleu Capital, Langma Feng Venture Capital, Luxin
Venture Capital Group
LATE STAGE
$46.7M - Series C
QC Play (2012, Xiamen, $46.7M)
Mobile game developers
Alibaba, Tencent
LATE STAGE
$50.0M - Series C
LaiYe (2015, Haidian, $141.0M)
AI and RPA combined solutions for multi-industrie
Ping An, , Lightspeed Venture Partners, Sequoia,
Lightspeed China Partners, and 1 more
LATE STAGE
$70.0M - Series D
Kyligence (2016, Shanghai, $118.0M)
Big Data analytics platform
SPDB International Holdings, CICC Capital, Redpoint
China Ventures, Eight Roads Ventures, , and 2 more
LATE STAGE
$70.0M - Series C
Xiamen Yiche Times Information Technology
(2016, Xiamen, $92.3M)
O2O marketplace for new cars
SIG, BlueRun Ventures,
LATE STAGE
$135.0M - Series D
Shumei (2015, Beijing, $218.0M)
Anti fraud technology for enterprises
Xiang He Capital, Matrix Partners China, Shunwei
Capital, Tencent

7
LATE STAGE
$231.0M - Series C
Black Sesame Technologies (2016, Pudong,
$346.0M)
Developer of AI-based chips for machine vision tasks
Xiaomi, Tencent
LATE STAGE
$700.0M - Series D
Dingdong Maicai (2014, Shanghai, $1.0B)
Online retailer of grocery products
DST Global, Coatue, Aspex Management, General
Atlantic, Cygnus Equity, and 7 more
LATE STAGE
$814.8M - Series E
Unisoc (2001, Shanghai, $1.4B)
Provider of SoC for Mobile communication, IoT
connectivity and other applications
Country Garden Ventures, Haier Financial,
LATE STAGE
$1.8B - Series D
J&T Express (2019, , $1.8B)
Provider of online courier service
Boyu Capital, Sequoia Capital
LATE STAGE
Series C
Xingyidao (2014, Chaoyang, $10.0M)
Radar based vision system for vehicles
Tripod Technology
LATE STAGE
Series C
GensKey (2017, Tianjin, $55.8M)
Provider of nucleic acid detection services
LATE STAGE
Series C
Mech-Mind (2016, Beijing)
Provider of depalletizing, product-picking and assembly
robots for industrial purposes
Meituan, Source Code Capital, Sequoia Capital
LATE STAGE
Series C
Hyperchain (2016, Hangzhou, $233.6M)
Blockchain-based solutions for enterprises
,
LATE STAGE
Series C
Mech-Mind (2016, Beijing, $14.3M)
Company involved in the development of robot
intelligence
Sequoia
LATE STAGE
Series D
Leyan Technology (2014, Shanghai, $120.3M)
AI based customer service robots
CICC Capital, Yunfeng Capital, Sky9 Capital, Blue Lake
Capital, Ivy Capital, and 3 more

8
LATE STAGE
Series C
Hrain Biotechnology (2015, Pudong, $57.1M)
Developer of tumor immunotherapy technology
Yingke Capital
LATE STAGE
Series C
Beijing Yaodou Technology (2015, Haidian,
$14.3M)
Online pharmacy
Morgan Stanley
EARLY STAGE
$1.5M - Series A
Shanghai Huanxin Electronic Technology (2018,
Shanghai, $1.5M)
Provider of an IoT-based baby stroller for public spaces
Shanghai Zhonghuijin Investment Group
EARLY STAGE
$7.6M - Series A
Beijing HexFuture Technology (2016, Beijing,
$11.9M)
Provider of cloud-based teaching platform
Langxin Technology, Albatross Venture
EARLY STAGE
$7.7M - Series A
Huinengtai Semiconductor Technology (2015,
Nanshan, $7.7M)
Developer of analog and hybrid integrated circuits
Shenzhen Gaoxintou Group
EARLY STAGE
$9.1M - Series A
Power Law Ai (2017, Beijing, $9.1M)
Cloud-based legal practice management software
provider
Source Code Capital, Linear Venture, Sequoia Capital,
EARLY STAGE
$9.2M - Series A
Bendao Gene Technology (2018, Shanghai,
$10.6M)
Developer of gene therapeutic drugs
Tsinghua Holdings Capital, Ennovation Ventures,
Longmen Capital, Inno Angel Fund
EARLY STAGE
$10.0M - Series A
Shenzhen Rakwireless Technology (2014,
Shenzhen, $10.0M)
Manufactures transceiver (Wifi ) modules and
middleware for IOT devices
NWS Holdings, Shunwei Capital
EARLY STAGE
$12.0M - Series B
BitDeer (2013, Beijing, $12.0M)
Bitcoin mining service provider
Genimous Technology

9
EARLY STAGE
$15.2M - Series B
Shanghai Meili Weiye Medical Technology
(2019, Xuhui, $15.2M)
Developer of a medical device for the treatment of
hypertension
Kuanping Capital, SAIC Capital, Shanghai Pudong
Science and Technology Group
EARLY STAGE
$15.2M - Series A
Changsha Xingshen Intelligent Technology
(2017, Changsha, $15.2M)
Developer of intelligent delivery robots
EARLY STAGE
$15.3M - Series B
F-One (2015, Pudong, $20.7M)
Financial planning and budgeting solution to
businesses
Firstred, IDG Capital
EARLY STAGE
$15.3M - Series A
Xeno Dynamics (1993, Shenzhen, $15.3M)
Developer of exoskeleton robots for multi-industry
applications
Source Code Capital, Glory Ventures, Grains Valley
Venture Capital, Shenzhen Cornerstone Asset
Management
EARLY STAGE
$15.4M - Series B
Beijing Huashun Xinan Technology (2018,
Chaoyang, $15.4M)
Network security solution
China Venture Capital, China Merchants China Direct
Investments
EARLY STAGE
$15.4M - Series A
Sishi Jiufang (2015, Beijing, $15.4M)
Brand of sauces
Cathay Capital
EARLY STAGE
$15.4M - Series B
Flow Technology (2016, Beijing, $15.4M)
Provider of AI based big data and security platform
EARLY STAGE
$15.4M - Series B
ChiefClouds (2016, Shanghai, $15.4M)
Provider of customer data and marketing platform
IDG Capital
EARLY STAGE
$15.4M - Series B
Netou Technology (2016, Beijing, $16.9M)
Industrial network security and audit platform
Chang'an Capital
EARLY STAGE
$25.0M - Series B
Zhuoxuan Technology (2014, Zhuhai, $39.3M)
Provider of big data solutions for offline business
Tencent, Sequoia Capital, Redpoint China Ventures,
IDG Capital

10
EARLY STAGE
$30.6M - Series B
Chuangmi (2012, Chongqing, $30.6M)
Tech conglomerate present across multiple verticals
Fortune Capital, Cowin Capital, e, Guangzhou Shangpin
Home Furnishing, Shanghai Chuangmi Technology
EARLY STAGE
$30.8M - Series B
Elite Technology (2016, Haidian, $97.5M)
Robots for multi-industry applications
Lenovo Venture Capital, Shanghai Zhangjiang
Technology Venture, Orient Securities, SmallVille
Capital
EARLY STAGE
$38.1M - Series A
Pacific Future (2017, Shenzhen, $38.1M)
Developer of a set of integrated AR hardware and
software for research and development purposes
Gezhi Industry Development
EARLY STAGE
$45.7M - Series B
Zhuhai Shengmei Biodiagnostic Technology
(2019, Zhuhai, $45.7M)
Developer of liquid biopsy-based lung cancer
diagnostic technology
SDIC
EARLY STAGE
$46.2M - Series B
Force Code Technology (2017, Chaoyang, $74.6M)
Cloud-based sales software for insurance
intermediaries
Unicorn Capital Partners, Cherubic Ventures, ,
Hillhouse Capital Group
EARLY STAGE
$50.0M - Series A
PongoShare (2020, Hong Kong, $50.0M)
Provider of the influencer marketing software solution
Lenovo, Smzdm
EARLY STAGE
$57.1M - Series B
Candela (2016, Nanshan, $57.1M)
Developer of intelligent service robots for applications
in multiple industries
EARLY STAGE
$61.5M - Series B
EdiGene (2015, Changping, $165.5M)
Developer of genome editing technology for the
treatment of cancer and genetic disease
Loayal Valley Capital, 3H Health Investment, Sherpa
Venture Capital, IDG Capital, Sequoia, and 5 more
EARLY STAGE
$66.0M - Series B
AfterShip (2011, Hong Kong, $67.0M)
Package tracking solution
Tiger Global Management

11
EARLY STAGE
$77.0M - Series B
Defeng Xinzheng Technology (2015, Wuhan,
$91.1M)
Provider of an IoT platform and industrial solutions
Shenzhen Capital Group, Bank of Communications,
Guangzhou Yuexiu Industrial Investment Fund
Management, Yunqi Partners, China Merchants Group,
and 1 more
EARLY STAGE
$77.1M - Series A
Vastai Technologies (2018, Pudong, $127.1M)
Provider of GPU and AI-based chips for machine vision
applications
China Internet Investment Fund, Matrix Partners China,
Redpoint China Ventures, SAIF Partners, Glory
Ventures, and 2 more
EARLY STAGE
$100.0M - Series B
Gaoxian Technology (2013, Shanghai, $136.9M)
Develops service robot platforms and robot
accessories
Longhu Group, Tencent, Meituan
EARLY STAGE
$100.0M - Series B
Stonewise (2018, Haidian, $100.0M)
Provider of a software solution solution for molecular
modeling
Legend Capital, Lightspeed China Partners, CDH
Investments, , Long Hill Capital, and 2 more
EARLY STAGE
Series B
Yidianling (2015, Hangzhou)
Provider of online information and teleconsultation
platform for mental health
EARLY STAGE
Series A
Qimeng Technology (2018, Shanghai)
SaaS-based marketing solution for financial institutions
Koalafund
EARLY STAGE
Series A
CytoNiche (2018, Haidian)
Developers of 3D cell high-throughput drug screening
products using stem cells
EARLY STAGE
Series B
Chenfan E-commerce (2015, Hangzhou)
Online influencer platform for multi-category products

12
EARLY STAGE
Series A
HC Robotics (2019, Hangzhou)
Provider of automated storage and sorting solutions
EARLY STAGE
Series B
Lanhu (2016, Chaoyang, $46.0M)
Cloud-based product design collaboration and
management platform
Sands River Venture, Lightspeed China Partners,
Sequoia Capital
EARLY STAGE
Series A
Aixin (2019, Haidian)
Developer of AI Vision chips
, Glory Ventures, Wanwustore, Legend Star, Cedarlake
Capital, and 1 more
EARLY STAGE
Series A
Shanghai Chuangmi Technology (2014, Shanghai,
$14.9M)
Provider IoT based home security services
e
EARLY STAGE
Series B
Yunyou Freight (2016, Chaoyang)
Offers AI-enabled freight transportation solutions
Eastern Bell Venture Capital, Tencent
EARLY STAGE
Series B
Magic Data (2016, Haidian)
Provider of automatic speech recognition, text to
speech and computer vision recognition data services
Fanchuang Capital
EARLY STAGE
Series A
InfoQuick (2014, Beijing)
Cloud & AI-based enterprise SD-WAN networking
solution provider
Cornerstone Fund
EARLY STAGE
Series A
Yongliu Technology (2020, )
AI-based diagnosis and treatment system for skin
diseases
Sequoia, Marathon Venture Partners
EARLY STAGE
Series A
Xiniaoxi (2020, Shanghai)
Online platform providing exam-related information &
test preparation solutions
China Distance Education Holdings

13
EARLY STAGE
Series B
Hepagene (2016, Pudong)
Developer of therapeutics for liver diseases
Loayal Valley Capital, Oceanpine Capital, Apricot
Capital
EARLY STAGE
Series A
Interhouse China (2016, Haidian)
Real Estate property developer in China
Blue Chi venture
EARLY STAGE
Series A
AiBee Hospital (2017, Haidian, $175.4M)
Provider of AI, speech recognition, computer vision
and big data analytics services
EARLY STAGE
Series B
VisionNav (2016, Shenzhen)
Provider of AI and cloud driven robotics solutions for
logistics
IDG Capital
EARLY STAGE
Series A
Hyperway (2019, Chengdu, $15.3M)
Developing drugs for oncology, pain and CNS areas
Huaige Capital
EARLY STAGE
Series B
Huan Chuang Technology (2015, Hangzhou,
$12.4M)
Preparation app for Mandarin exam
Qianhai Ark Asset Management, Shenzhen Dongfang
Fuhai Investment Management
EARLY STAGE
Series A
Ronovo Surgical (2019, Shanghai)
Developer of robotic surgical instruments
Matrix Partners China, Vivo Capital, Lilly Asia Ventures,
GGV Capital
EARLY STAGE
Series A
Shanghai Xiaoyun Information Technology
(2016, Minhang, $1.4M)
Provider of software defined high performance storage
solution
Yuanhe Holdings
EARLY STAGE
Series B
One Hour (2016, Guangzhou, $4.7M)
Chain of mobile repairs and services
Midas Capital

14
EARLY STAGE
Series A
Pinlan (2018, Pudong)
AI and IoT based cloud platform providing data
collection and operation management solutions
Shunwei Capital
SEED STAGE
$1.5M - Angel
PPtutor (2020, Chengdu, $1.5M)
Mobile-based platform providing Chinese language
learning solutions
SEED STAGE
$1.5M - Seed
Beijing Huafang Foundation Technology (2019,
Beijing, $1.5M)
Cloud-based enterprise resource planning software
integration solution provider
Yuanhe Capital
SEED STAGE
$2.1M - Seed
First Digital (2001, Hong Kong, $8.2M)
Custodian solutions for cryptocurrencies
Nogle
SEED STAGE
$2.9M - Seed
Midea (2014, Tianhe, $2.9M)
Provider of suite solution for beauty industries
Meitu
SEED STAGE
$3.0M - Seed
Octopus Network (2021, , $4.0M)
Decentralized network for hosting web 3.0 applications
, Ascensive Asset Management, Bixin Invest, PNYX,
Spark Digital, and 8 more
SEED STAGE
$4.6M - Seed
Jiangsu Youwang (2018, Xuzhou, $11.6M)
Provider of cloud-based data storage and 5G IoT
network solutions
SEED STAGE
$7.0M - Seed
Ignatica (2018, Hong Kong, $7.0M)
SaaS-based software suite for the insurance industry
Lingfeng Capital, Artesian, AFG Funding, SOSV
SEED STAGE
$15.3M - Seed
Aerospace Propulsion Beijing (2018, Beijing,
$15.3M)
Developer of rocket propulsion systems
SEED STAGE
Angel
DAMO (2017, Beijing)
Social community and knowledge sharing platform for
researchers
Xiao Ying

15
SEED STAGE
Seed
Shanghai Shanhu Health Technology (2015,
Shanghai)
Cloud-based clinical trial management software for
healthcare professionals
Sequoia
SEED STAGE
Seed
Lianfeng Acoustic Technologies (2018, Shenzhen)
Provider of an auditory-based inspection robot
TusStar, Fangxin Capital, Inno Angel Fund
SEED STAGE
Seed
Yingke (2012, Shanghai)
Cloud-based marketing tech suite
, Huawan Communications
SEED STAGE
Seed
Aixin (2019, Haidian)
Qiming Venture Partners, Legend Star
SEED STAGE
Seed
Slow APP (2019, Huangpu)
App-based social platform for connecting with people
having similar interests
SEED STAGE
Seed
Tanze (2017, Huangpu)
Provider security orchestration and automation
solutions
SEED STAGE
Seed
Xuebasheng Technology (2020, Changping)
Online platform for streaming music
SEED STAGE
Seed
Sensing Technology (2010, Wuxi)
Manufacturer of micro-electro-mechanical systems-
based microphone chipsets
SEED STAGE
Seed
Zhuque Network Information Technology
(2015, Fuzhou)
Mobile game developer focusing on core games
Tencent
SEED STAGE
Seed
Jwsmed (2016, Hangzhou)
Online procurement platform for dental supplies
China Creation Ventures
SEED STAGE
Seed
Shenzhen Liyi Technology (2014, Shenzhen)
Provides sensors for precision optical inspection

16
SEED STAGE
Seed
BITE (2017, Hong Kong, $10.0M)
Alternative investment platform for private investors
JMP Group
SEED STAGE
Seed
jingkezaixian.com (2018, )
Online platform providing school curriculum-related
courses
Qingsong Fund
SEED STAGE
Seed
Sichuang (2000, Shanghai)
Online training solution for the sales industry
SEED STAGE
Seed
VOMMA (2017, Shanghai)
Manufacturer of light field technology-based 3D
cameras
Atom Ventures
SEED STAGE
Angel
DM Intelligence (2018, Guangzhou)
AI-based molecular modeling platform for drug
development
SEED STAGE
Seed
Shenzhen Shenluo Logistics Technology (2019,
Shenzhen)
AI-enabled transportation management solutions
Taiya Investment Group
SEED STAGE
Seed
Haoba OS (2021, Pudong)
Provider of an operating system for IoT applications
Zhejiang University

New Investors (1/2)
List of New Investors in China Tech in April 2021
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
yinhongfund.com
1 portfolio companies |
Hyperchain
Blockchain-based solutions for enterprises
Undisclosed Series C
Dragoneer Investment Group
81 portfolio companies | Private equity investment firm
Beijing Shihui Technology
Online distributor of groceries facilitating group buying
$750M Series D
shlingang.com
Shanghai Guanan Information Technology
Provider of managed security services
$30.69M Series D
puzzle
2 portfolio companies | puzzle_ventures
Octopus Network
$3.00M Seed
The D E Shaw
37 portfolio companies | PE firm investing globally
Beijing Shihui Technology
Online distributor of groceries facilitating group buying
$750M Series D
Huawan Communications
1 portfolio companies | Cloud-based video conferencing solutions provider
Yingke
Cloud-based marketing tech suite
Undisclosed Seed
Original Capital
2 portfolio companies | Venture capital firm investing in multiple sectors
Octopus Network
$3.00M Seed
Huaige Capital
4 portfolio companies | Venture capital fund focused on multiple sectors
Hyperway
Developing drugs for oncology, pain and CNS areas
Undisclosed Series A
Mass Ave Global
1 portfolio companies | Mass Ave Global | Asset Manager | United States
Dingdong Maicai
Online retailer of grocery products
$700M Series D
CGC
19 portfolio companies | Venture capital firm investing in the food industry
Suzhou Extreme Robot Technology
Developer of drones having applications in multiple industries
$30.00M Series C

New Investors (2/2)
List of New Investors in China Tech in April 2021
China Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
Bits x Bites
11 portfolio companies | Venture Capital Fund focused on Food & Beverage
sector
Suzhou Extreme Robot Technology
Developer of drones having applications in multiple industries
$30.00M Series C
AFG Funding
1 portfolio companies | AFG Funding – Dream It. Plan It, We Can Fund It.
Ignatica
$7.00M Seed
3ebiovc.cn
CytoNiche
Developers of 3D cell high-throughput drug screening products using
stem cells
China Distance Education Holdings
1 portfolio companies | Online education platform in China focusing on
professional learning
Xiniaoxi
Online platform providing exam-related information & test preparation
solutions
JMP Group
1 portfolio companies | Full-service investment bank firm
BITE
Undisclosed Seed
broad-ocean.com.cn
1 portfolio companies | Limited information available
Boreton Technology
Developer of heavy-duty electric trucks
$38.52M Series C
Yuanhe Capital
1 portfolio companies | Funds of funds focused on early stage investments
Beijing Huafang Foundation Technology
Cloud-based enterprise resource planning software integration solution
provider
$1.53M Seed
Shanghai Chuangmi Technology
Provider IoT based home security services
Chuangmi
Tech conglomerate present across multiple verticals
$30.62M Series B
7xvc.com
5 portfolio companies | SevenX
Octopus Network
$3.00M Seed
Tripod Technology
1 portfolio companies | Manufacturer of PCBs
Xingyidao
Radar based vision system for vehicles
Undisclosed Series C

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
19
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲65
Online Grocery > B2C Ecommerce > Fruits and
Vegetables > Social Commerce > Group Buying
$5.7B 9 Hunan Xingshe.. | $3.0B | Series D
2 ▲1 Electric Cars $4.3B 8 WM Motor | $1.5B | Series D
3 ▲151
Online Grocery > B2C Ecommerce > Multi Category >
Retailer > Group Buying
$3.7B 2 Xingsheng Com.. | $3.0B | Series D
4 ▲3
K-12 EdTech > B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring >
Subscription
$2.5B 3 Yuanfudao | $1.2B | Series G
5 ▲157
K-12 EdTech > B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring >
Homework Help
$2.4B 2 Zuoyebang | $1.6B | Series E
6 ▲15 Online Own Fleet Grocery Delivery $2.2B 8 Dingdong Maicai | $700M | Series D
7 -- Last Mile Delivery Service Providers $1.8B 3 Lalamove | $1.3B | Series F
8 -- Courier Services $1.8B 2 J&T Express | $1.8B | Series D
9 -- Autonomous Vehicle Enabling Technologies $1.3B 5 Horizon Robot.. | $400M | Series C
10 ▼-8 Cab Ride-Hailing $861M 5 Didi | $500M | Series I

New Analyst Picks (1/7)
Interesting Companies identified by Analysts in China Tech in April 2021
China Tech: Analyst Picks
20
Upgraded to UNICORN
Black Sesame Technologies (2016, Pudong,
$100M, Series B)
Developer of AI-based chips for machine vision tasks
, China Merchants Venture Capital, Legend Capital and
9 other Investors
Upgraded to UNICORN
J&T Express (2019, , $1.8B, Series D)
Provider of online courier service
Boyu Capital,Sequoia Capitaland
Upgraded to SOONICORN
AfterShip (2011, Hong Kong, $1.0M, Series A)
Package tracking solution
IDG Capital,Tiger Global Management,10Fundand
Gaoxian Technology (2013, Shanghai, Undisclosed,
Series A)
Develops service robot platforms and robot
accessories
Meituan, Grand Flight Investment, CITIC Jiantou
Securities and 8 other Investors
Xiamen Yiche Times Information Technology
(2016, Xiamen, $22.3M, Series A)
O2O marketplace for new cars
SIG, BlueRun Ventures, Xiamen Qianshan Investment
Management and 6 other Investors
Hrain Biotechnology (2015, Pudong, $29.0M, Series
B)
Developer of tumor immunotherapy technology
Yingke Capital, , Qiming Venture Partners and 2 other
Investors
Stonewise (2018, Haidian, Undisclosed, Series A)
Provider of a software solution solution for molecular
modeling
CDH Investments, Legend Capital, Lightspeed China
Partners and 5 other Investors
Force Code Technology (2017, Chaoyang, $28.4M,
Series A)
Cloud-based sales software for insurance
intermediaries
Hillhouse Capital Group, GGV Capital, Unicorn Capital
Partners and 4 other Investors
Defeng Xinzheng Technology (2015, Wuhan,
Undisclosed, Series A)
Provider of an IoT platform and industrial solutions
Guangzhou Yuexiu Industrial Investment Fund
Management, Sinovation Ventures, China Merchants
Group and 8 other Investors
Beijing Weimai Medical Equipment (2015,
Beijing, $46.2M, Series D)

21
Suzhou Extreme Robot Technology (2016,
Suzhou, Undisclosed, Series B)
Developer of drones having applications in multiple
industries
Talent Capital, CGC, Yuanhe Holdings and 5 other
Investors
Candela (2016, Nanshan, $57.1M, Series B)
Developer of intelligent service robots for applications
in multiple industries
PongoShare (2020, Hong Kong, $50.0M, Series A)
Provider of the influencer marketing software solution
Lenovo,Smzdmand
Upgraded to MINICORN
Shenzhen Rakwireless Technology (2014,
Shenzhen, $10.0M, Series A)
Manufactures transceiver (Wifi ) modules and
middleware for IOT devices
NWS Holdings,Shunwei Capitaland
Beijing Liufangyun Technology (2018, Haidian,
Undisclosed, Series B)
Provider of industrial cybersecurity solution
Guangdong Zhongke Kechuang Venture Capital
Management, , Fortune Capital and 1 other Investors
Xeno Dynamics (1993, Shenzhen, $15.3M, Series A)
Developer of exoskeleton robots for multi-industry
applications
Source Code Capital, XBOT PARK, Grains Valley Venture
Capital and 3 other Investors
Power Law Ai (2017, Beijing, Undisclosed, Seed)
Cloud-based legal practice management software
provider
Source Code Capital, Matrix Partners China, Sequoia
Lanhu (2016, Chaoyang, Undisclosed, Series B)
Cloud-based product design collaboration and
management platform
Sequoia Capital,Sands River Venture,Lightspeed China
Partnersand
Flow Technology (2016, Beijing, Undisclosed, Series
A)
Provider of AI based big data and security platform
TusStar, TEEC, Baidu Ventures and 2 other Investors
InnerMedical (2015, Nanshan, Undisclosed, Series A)
Developer of interventional imaging equipment
Efung Capital, Sangel Capital, ChinaVest and 4 other
Investors
Changsha Xingshen Intelligent Technology
(2017, Changsha, $15.2M, Series A)
Developer of intelligent delivery robots
Yuanfang, , JD.com and 2 other Investors

22
Bendao Gene Technology (2018, Shanghai,
Undisclosed, Seed)
Developer of gene therapeutic drugs
Beijing Saifu Medical Research Institute, Inno Angel
Fund, Tsinghua Holdings Capital and 3 other Investors
Baozhuniu (2015, Tianjin, $15.3M, Series C)
Online insurance platform for businesses
Haoyu Capital, ZRC, China Merchants Venture Capital
and 2 other Investors
ChiefClouds (2016, Shanghai, $15.4M, Series B)
Provider of customer data and marketing platform
IDG Capitaland
VivaVision Biotech (2016, Pudong, $46.0M, Series
D)
Developer of therapeutic solutions for treating multiple
eye diseases
Shenzhen Gaotejia Investment Group, Shanghai
Pudong Science and Technology Group, Xiamen
Changrong Investment Management and 3 other
Investors
BitDeer (2013, Beijing, $12.0M, Series B)
Bitcoin mining service provider
Genimous Technologyand
BITE (2017, Hong Kong, $500K, Seed)
JMP Group,Apex Groupand
Ignatica (2018, Hong Kong, $7.0M, Seed)
Artesian, SOSV, RISE Conf and 3 other Investors
SceneRay (2011, Suzhou, $15.4M, Series D)
Portfolio of Neuromodulation devices
Hyfinity Investments, Shanghai STVC Group, Yanchuang
Pacific Future (2017, Shenzhen, $38.1M, Series A)
Developer of a set of integrated AR hardware and
software for research and development purposes
Gezhi Industry Developmentand
Beijing HexFuture Technology (2016, Beijing,
$4.2M, Series A)
Provider of cloud-based teaching platform
Albatross Venture, Langxin Technology, Xueda
Education Group and 1 other Investors
Huinengtai Semiconductor Technology (2015,
Nanshan, $7.7M, Series A)
Developer of analog and hybrid integrated circuits
, Shenzhen Gaoxintou Group, Xiamen Semiconductor
Octopus Network (2021, , $3.0M, Seed)
ZMT Capital, ChainX, NGC and 11 other Investors

23
Beijing Huashun Xinan Technology (2018,
Chaoyang, Undisclosed, Series A)
Network security solution
Infotech Ventures,China Merchants China Direct
Investments,China Venture Capitaland
Shanghai Meili Weiye Medical Technology
(2019, Xuhui, $15.2M, Series B)
Developer of a medical device for the treatment of
hypertension
SAIC Capital,Shanghai Pudong Science and Technology
Group,Kuanping Capitaland
Netou Technology (2016, Beijing, $1.5M, Series A)
Industrial network security and audit platform
, Chang'an Capital, Shoutai Investment Group and 1
other Investors
Shanghai Huanxin Electronic Technology (2018,
Shanghai, $1.5M, Series A)
Provider of an IoT-based baby stroller for public spaces
Shanghai Zhonghuijin Investment Groupand
Beijing Huafang Foundation Technology (2019,
Beijing, $1.5M, Seed)
Cloud-based enterprise resource planning software
integration solution provider
Yuanhe Capitaland
Added to Editor's Pick
ABC360 (2011, Hangzhou, Undisclosed, Series B)
Online English tutoring service platform
Guo Jin Capital, Zhejiang Huarui Investment Holdings,
Alibaba Group and 6 other Investors
Magic Data (2016, Haidian, Undisclosed, Series B)
Provider of automatic speech recognition, text to
speech and computer vision recognition data services
Fanchuang Capital,Ceyuan Investment Consultingand
Yunyou Freight (2016, Chaoyang, Undisclosed,
Series A)
Offers AI-enabled freight transportation solutions
Joy Capital, Albatross Venture, Tencent and 2 other
Investors
Mech-Mind (2016, Beijing, Undisclosed, Series C)
Provider of depalletizing, product-picking and assembly
robots for industrial purposes
Sequoia Capital,Meituan,Source Code Capitaland

24
Wanwustore (2015, Chaoyang, Undisclosed, Series
C)
App-based retail platform offering multi-category
maternal and child products
GF Securities, Redpoint China Ventures, Panda Capital
Ranok Therapeutics (2018, Hangzhou, Undisclosed,
Seed)
Developer of novel therapeutics for the treatment of
cancer
Medfine Capital,TF Capitaland
Hepagene (2016, Pudong, Undisclosed, Series B)
Developer of therapeutics for liver diseases
Apricot Capital, JLABS, Loayal Valley Capital and 1 other
Investors
LangLib (2007, Beijing, $9.2M, Series B)
Online English language test preparation platform
Xueersi, Muhua Education Investment, ATA and 1
other Investors
Suzhou Ruixun Biotechnology (2017, Suzhou,
Undisclosed, Series B)
Developer of PCR instruments for single molecule
quantification
Volcanics Venture, Future Capital, ktcap.cn and 2 other
Investors
Aixin (2019, Haidian, Undisclosed, Seed)
Wanwustore, Glory Ventures, Qiming Venture Partners
VisionNav (2016, Shenzhen, Undisclosed, Series B)
Provider of AI and cloud driven robotics solutions for
logistics
IDG Capital,Lenovo Venture Capitaland
Beijing Zhige Technology (2019, Haidian,
Provider of an AR optical display and diffraction
solution
Fangguang Capital,Qingkong Ginkgo Venture Capital
Yongliu Technology (2020, , Undisclosed, Series A)
AI-based diagnosis and treatment system for skin
diseases
Marathon Venture Partners,Sequoiaand
Shanghai Shanhu Health Technology (2015,
Shanghai, Undisclosed, Seed)
Cloud-based clinical trial management software for
healthcare professionals
Sequoiaand
CHIC Health (2020, Shanghai, Undisclosed, Seed)
AI-based disease diagnosis and management software
for healthcare professionals
Matrix Partners Chinaand
PPtutor (2020, Chengdu, $1.5M, Angel)
Mobile-based platform providing Chinese language
learning solutions

25
Jwsmed (2016, Hangzhou, Undisclosed, Seed)
Online procurement platform for dental supplies
China Creation Venturesand
Geesunn (2016, Nanshan, $1.4M, Series A)
Cloud-based integrated ITSM management software
provider
Shenzhen Investment Control Donghai Investmentand
Shanghai Aqu Biotechnology (2012, Shanghai,
Undisclosed, Seed)
Developer of tests bile acid test
Shenzhen Guozhong Venture Capital Managementand
Dawei (2019, Haidian, Undisclosed, Seed)
Developer of next-generation technologies for
molecular diagnostics and analysis
Maccura,and
Sensing Technology (2010, Wuxi, Undisclosed,
Seed)
Manufacturer of micro-electro-mechanical systems-
based microphone chipsets
Azumo (2008, Chicago, Unfunded)
Manufacturer of front-lit liquid crystal technology-
based displays
Taizhou Baiying Biotechnology (2012, Taizhou,
Provider of antibody-drug research and development
services
Rimonciand
BistroChat (2018, Hong Kong, Unfunded)
Platform offering restaurant booking & loyalty
application
InfoQuick (2014, Beijing, Undisclosed, Series A)
Cloud & AI-based enterprise SD-WAN networking
solution provider
Cornerstone Fundand
Shanghai Hongyi Software Technology (2000,
Shanghai, Unfunded)
Enterprise big data management solutions
Aurora Private Equityand
Suzhou Da Nao Tiangong Robot Technology
(2015, Suzhou, Unfunded)
Provider of robots for Kids
Su Da Tianand
Xiaobai Wuxian (2018, Shenzhen, Unfunded)
AI-enabled platform offering comprehensive
micromobility management solutions

26
PersonGen (2010, Suzhou, Unfunded)
Developer of cellular therapeutics for cancer
Changzhou Ruian Electric Appliance (2017,
Changzhou, Unfunded)
Developer of multi-category electric two-wheelers
Nachitin (2003, Yantai, Unfunded)
Developer of anti-adhesion gel and film
Egen Technology (1999, Xiamen, Unfunded)
Online manufacturer of meteorological sensors for
weather sensing applications
Suzhou Hi-liang New Energy Technology (2019,
Suzhou, Unfunded)
Developer of multi-category electric-two wheelers
TESVISION (2013, Quanzhou, Unfunded)
Manufacturer of smart security cameras
Eplus3D (2014, Hangzhou, Unfunded)
Manufacturer of 3D printing equipment
Baopals (2016, Shanghai, Unfunded)
Online retail platform offering multi-category products
callmlive.com (2020, Beijing, Unfunded)
App-based platform for video calls with random people

IPO Date Company IPO Mcap Exchange Ticker
20 Apr 2021
infobird (2001, Haidian, )
Provides cloud computing customer management systems and
services for enterprises
$101M NASDAQ:IFBD
IPOs
List of IPOs in China Tech in April 2021
China Tech: IPOs
27

Acquisitions
List of Acquisitions in China Tech in April 2021
China Tech: Acquisitions
28
Acq. Date Company Acquirer Deal Size
21 Apr 2021
China Biologic Products Holdings(2002, Guiyang)
Developer of human plasma-based biopharmaceutical products
Centurium Capital
23 Apr 2021
Koala Reading(2016, Beijing, $20.0M)
Platform for development of reading skill for K-12
51Talk
23 Apr 2021
AsiaSat(1988, Hong Kong)
Provider communication services through its own fleet of
satellites
The Carlyle Group
28 Apr 2021
Reyun(2013, Beijing, $36.8M)
Cloud-based data analytics platform
Mobvista $231.8M

Recent News (1/2)
Recent News in China Tech in April 2021
China Tech:News
29
Exit News
.
● UiPath enlarges IPO to $1.54bn Global Corporate Venturing
.
● Ant Group explores options for Jack Ma to exit, as Beijing unsheathes its
sword against China’s big tech RT
.
● China’s DiDi Targets Upcoming IPO at $100 Billion Valuation Coinspeaker
.
● From Rs 4.7 crore to Rs 7,270 crore in less than 11 years Indiatimes
.
● ByteDance initiates process for mammoth listing in Hong Kong Tech in Asia
.
● Tencent-Backed Linklogis Seeks $1.1 Billion in Hong Kong IPO BloombergQuint
.
● PE investors complete $4.6b China Biologic take-privateAsian Venture Capital Journal
.
● Didi picks Goldman and Morgan Stanley for U.S. IPO PageOne
.
Fund News
.
● Meituan Dragon Ball Capital will complete the second phase of fundraising of
nearly 5 billion yuan PEdaily
.
● James R. Tobin, Former CEO of Boston Scientific, Joins Xenter, Inc. Board of
Directors to Assist in Advance of... Medical Device News Magazine
.
● Tencent PCG major adjustment: Tencent Video, Tencent Weishi, Appbao
merged, Yao Xiaoguang is in charge of QQ PEdaily
.
● China epi-wafer startup recruits IQE engineer as CTO eeNews Europe
.
● Global Fashion Agenda names Federica Marchionni as new CEO FashionUnited
.
● Lenovo names Amar Babu as business head for Asia Pacific region TechObserver.in
.
● Tricor Group Welcomes Former Tencent, Microsoft and Yahoo Internet
Veteran as Group Chief Technology Officer Business Wire
.
Company News
.
● DiDi Chuxing expands to South Africa, to take on Bolt and Uber TechCrunch
.
● Xiaomi to invest $10b in its electric car business Tech in Asia
.
● Xiaomi to invest $10bn in electric vehicle Telematics Wire

Recent News (2/2)
Recent News in China Tech in April 2021
China Tech:News
30
Regulatory News
.
● China’s $3.6 billion fine against Alibaba spells the end of big tech’s romance
with Beijing Startup Daily
.
● Alibaba fined record $ 2.8 billion AGEFI
.
● China warns 34 tech firms to curb excess in review The Business Times
.
● the Chinese regulator summons Alibaba, ByteDance and 9 other companies
FrenchWeb
.
● Ant IPO-approval process under investigation by Beijing Livemint
.
● China set to clear Tencent's $3.5 billion Sogou deal subject to data security
conditions Reuters
.
● Jack Ma’s Fortunes increase by $2billion after record Alibaba fine PageOne
.
● Alibaba’s Regulatory Trouble Continues With Steel E-Commerce Probe Caixin
Global

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