Tracxn - Geo - China Tech - Jan 2021

TRACXN MONTHLY REPORT
JANUARY 2021
CHINA TECH

China Tech - January 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 16
Top Funded Business Models - last 1 year 18
New Analyst Picks 19
IPOs 24
Acquisitions 25
Recent News 26

China Tech Snapshot – January 2021
China Tech: Snapshot – January 2021
Note : "Investors" refers to "Institutional Investors" only
3
$5.7B
85 3
Overall Geo Stats
20
5
192
47
96
Funding Rounds $ Invested Analyst Picks
Lalamove
Upgraded to
DECACORN
New Investors
hefei.gov.cn
Contemporary
Amperex Technology
Series A+ rounds Active Investors IPOs
Gracell Bio
Tian Ruixiang Holdings
Acquisitions
lrts.me#@
Miaoshou#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Shanghai
(18 Rounds, $804M)
Beijing
(17 Rounds, $1.7B)
Shenzhen
(10 Rounds, $107M)
Hangzhou
(8 Rounds, $780M)
$1.3B - Series F
Lalamove (2013, Hong Kong, $2.3B)
$700M - Series D
4Paradigm (2014, Beijing, $1.1B)
$664M - Series B
Leap Motor (2015, Hangzhou, $1.1B)
$400M - Series C
Horizon Robotics (2015, Beijing, $1.3B)
Tencent
(7 Investments)
Sequoia Capital
(5 Investments)
Hillhouse Capital Group
(5 Investments)
Qiming Venture Partners
(5 Investments)
AI Infrastructure
4Paradigm
Logistics Tech
Lalamove
Big Data Analytics
TalkingData
Digital ICs
Horizon Robotics
Market Size
Companies Covered 25,573
Funded Companies 12,608
Total Funding $401B
Funding in last 12 months $48.3B
Top Exits
IPOs 558
Acquisitions 450
Company Stage
Unicorns 157
Soonicorns 487
Minicorns 705
Editor Picks 3,020
Series A+ 5,657
Series C+ 1,105
Acqui-Hires 2
Deadpooled 4,133
Top Cities
Beijing (5,527 Rounds, $122B)
Shanghai (3,016 Rounds, $70.0B)
Top Investors
Sequoia Capital (386 Investments)
Zhen Fund (302 Investments)

Investment Snapshot
Investment Snapshot of China Tech as of January 2021
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2021)*
Lalamove
(2013, Hong Kong, $2.3B)
$1.3B - Series F Hillhouse Capital Group
4Paradigm
(2014, Beijing, $1.1B)
$700M - Series D Primavera Capital Group
Leap Motor
(2015, Hangzhou, $1.1B)
$664M - Series B SDIC
Horizon Robotics
(2015, Beijing, $1.3B)
$400M - Series C Baillie Gifford
Keep
(2014, Beijing, $650M)
$360M - Series F VisionFund
Didi
(2012, Haidian, $20.8B)
$300M - Series I IDG Capital
Shanghai Liaoyuan
Technology
(2018, Shanghai, $472M)
$278M - Series C Tencent
Klook
(2014, Hong Kong, $722M)
$200M - Series E Aspex Management
UISEE
(2016, Haidian, $154M)
$154M - Series C
VISEN Pharmaceuticals
(2018, Shanghai, $150M)
$150M - Series B Sherpa Venture Capital
Woqu Information
Technology
(2015, Shanghai, $236M)
$140M - Series D CICC
*Shows only the lead Investors

List of Funding Rounds (1/11)
List of Funding Rounds in China Tech in January 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
$24.0M - Series C
Lynk (2013, Hong Kong, $30.0M)
Marketplace to connect users with leading experts
Brewer Lane Ventures, MassMutual Ventures, Alibaba
Entrepreneurs Fund
LATE STAGE
$30.9M - Series D
DBSec (2009, Beijing, $46.7M)
Database security products and service provider
LATE STAGE
$38.6M - Series D
Qbb6.com (2013, Hangzhou, $44.4M)
Timeline app for sharing memories of children
Shenzhen Capital Group, Flattrade
LATE STAGE
$46.3M - Series C
JAKA (2014, Minhang, $85.8M)
Provider of collaborative robots for industrial
applications
SDIC, CITIC Capital, Fangguang Capital
LATE STAGE
$100.0M - Series D
TalkingData (2011, Beijing, $210.0M)
Analytics on mobile advertising
CR Capital MGMT
LATE STAGE
$110.0M - Series D
Baibu (2013, Guangzhou, $564.6M)
B2B fabric trading platform
LATE STAGE
$123.0M - Series D
Abbisko Therapeutics (2016, Shanghai, $263.0M)
Developing novel small molecule drugs for
immunomodulatory pathways to treat cancer
The Carlyle Group, Greater Bay Area Homeland
Investments, Sage Partners, Orbimed, Temasek, and 6
more
LATE STAGE
$140.0M - Series D
Woqu Information Technology (2015, Shanghai,
$236.2M)
AI-based contingent workforce management software
solution
CICC, Tencent
LATE STAGE
$154.1M - Series C
UISEE (2016, Haidian, $154.1M)
Developer of c.loud and AI-enabled solutions for
autonomous driving
LATE STAGE
$200.0M - Series E
Klook (2014, Hong Kong, $722.1M)
Provider of an online marketplace for travel activities
Aspex Management, SoftBank Vision Fund, Boyu
Capital, Sequoia Capital, Matrix Partners China

6
LATE STAGE
$278.1M - Series C
Shanghai Liaoyuan Technology (2018, Shanghai,
$471.6M)
Provider of cloud-based deep learning chips
Tencent, Summitview Capital, Citic PE, Primavera
Capital Group, Red Dot China
LATE STAGE
$360.0M - Series F
Keep (2014, Beijing, $649.5M)
Video-based workout guide and progress monitoring
tool
VisionFund, Tencent, GGV Capital, Coatue, Jeneration
Group, and 3 more
LATE STAGE
$400.0M - Series C
Horizon Robotics (2015, Beijing, $1.3B)
Provider of AI-enabled processors offering perception
solutions
Baillie Gifford, Yunfeng Capital, Citic PE, Amperex
Technology, Contemporary Amperex Technology, and
5 more
LATE STAGE
$700.0M - Series D
4Paradigm (2014, Beijing, $1.1B)
Provider of an AI-based data science and modelling
platform
Primavera Capital Group, Boyu Capital, FountainVest
Partners, JinYi Capital, China Jianyin Investment, and 5
more
LATE STAGE
$1.3B - Series F
Lalamove (2013, Hong Kong, $2.3B)
Uber for Vans in Hong Kong and Mainland China
LATE STAGE
Series D
AIWAYS (2017, Shanghai, $2.1B)
Manufacturer of smart cars
Didi
LATE STAGE
Series C
Jiliguala (2014, Shanghai)
English learning application for children
Trustbridge Partners, Tencent
LATE STAGE
Series E
Huohua Siwei (2016, Beijing, $440.0M)
Provider of AI-based online learning platform for
students
Trustbridge Partners, Tencent

7
LATE STAGE
Series C
Ark Biosciences (2014, Shanghai)
Chinese, clinical-stage biopharma developing small
molecule therapeutics for respiratory viral infection
and viral hepatitis
Hillhouse Capital Group, TPG, Decheng Capital,
Yanchuang Capital, Deyi Capital, and 9 more
LATE STAGE
Series C
Acadsoc (2011, Hong Kong, $53.0M)
Online private tutoring platform
LATE STAGE
Series C
Beijing Yunji China Technology (2014, Haidian)
Provider of service robots for multi-industry
applications
Qiming Venture Partners, e, Alphax Partners, Lenovo
Venture Capital, , and 1 more
LATE STAGE
Series C
Nofi (2012, Suzhou, $14.0M)
Nano conductive silver film for display solution
Yinghua Capital, Yuanhe Holdings
LATE STAGE
Series C
XTransfer (2017, Shanghai, $30.0M)
Cross-border payment platform for SMEs
, Alibaba, Yunqi Partners, , Mindworks Capital, and 3
more
LATE STAGE
Series C
Extreme Vision (2014, Shenzhen, $1.5M)
AI computer vision and analytics tool for surveillancce
North Summit Capital, Skychee Ventures
EARLY STAGE
$5.7M - Series A
ICW (2016, Hong Kong, $7.0M)
Product testing and inspection management solutions
Infinity Venture Partners, Integrated Capital,
Mindworks Capital, Innovation and Technology Fund
EARLY STAGE
$7.7M - Series A
Guokaike Quantum Technology (2019, Beijing,
$7.7M)
Provider of cloud-based quantum security systems for
communication
Zhongguanbao Investment, Anhui Golden Seed Winery

8
EARLY STAGE
$10.8M - Series A
Hangzhou Habitat Planet Network Technology
(2015, Hangzhou, $10.8M)
Omnichannel marketing automation solutions
Youzan, Anyi Shengyin
EARLY STAGE
$12.3M - Series B
Startdt (2016, Hangzhou, $44.9M)
Provider of AI-based solutions for smart retail stores
Bytedance, IDG Capital
EARLY STAGE
$12.4M - Series B
Huan Chuang Technology (2015, Hangzhou,
$19.5M)
Preparation app for Mandarin exam
Puhua Capital, Feng Yang Capital, Tianle group
EARLY STAGE
$15.3M - Series B
Hubei Prolog Technology (2012, Wuhan, $15.3M)
Provider of cloud-based logistics solutions
Shenzhen
EARLY STAGE
$15.4M - Series B
SVision (2018, Luoyang, $15.4M)
Developer of smart medical imaging devices for the
early diagnosis of diseases
Lanxess Investment
EARLY STAGE
$15.4M - Series B
RAYSEES (2018, , $15.4M)
Provider of semiconductor light source solutions
EARLY STAGE
$15.4M - Series B
Beijing Future Orange Network Technology
(2017, Chaoyang, $32.8M)
Online platform providing piano-based learning
solutions
IDG Capital, Banyan Capital, China Creation Ventures
EARLY STAGE
$15.5M - Series A
Weisheng (2015, Shanghai, $15.5M)
Cloud-based CRM solutions provider
Tencent, Sequoia Capital
EARLY STAGE
$15.5M - Series B
Zhoupu Data (2015, Beijing, $15.5M)
Provider of AI & cloud-driven suite of supply chain
management solution
Yunfeng Capital, Ivy Capital, Frees Fund

9
EARLY STAGE
$15.5M - Series B
Shanghai Shenzhi Information Technology
(2019, Shanghai, $15.5M)
Provider of an AI-based ultrasound imaging platform
for healthcare providers
EARLY STAGE
$16.8M - Series B
SunPig (2015, Beijing, $36.3M)
Online membership pass for gyms
EARLY STAGE
$18.5M - Series B
Zhihuilin (2019, Shanghai, $18.5M)
Developer of medical service robots and medical
devices
,
EARLY STAGE
$18.6M - Series A
Weacar (2015, Hangzhou, $20.1M)
Online platform that provides pre-purchase vehicle
concierge services
EARLY STAGE
$20.1M - Series B
Shenyang Shenda Endoscope (1980, Shenyang,
$20.1M)
Developer of endoscopic devices and accessories
Beijing Fangyuan Jinding Investment Management,
Shanghai Creation Investment,
EARLY STAGE
$23.1M - Series A
PerfMa (2019, Hangzhou, $23.1M)
Application performance monitoring and analysis
solution
Vision Knight Capital
EARLY STAGE
$23.1M - Series B
Dianxiaomi (2014, Beijing, $23.1M)
Provider of cross-border solution for ecommerce
sellers
CDH Investments, GGV Capital
EARLY STAGE
$23.2M - Series B
Xinheyun (2014, Shanghai, $26.2M)
Cloud-based enterprise resource planning solution
provider for manufacturing units
IDG Capital, Cowin Capital, Northern Light Venture
Capital
EARLY STAGE
$28.0M - Series B
Datacloak (2004, Shenzhen, $46.0M)
Data security and privacy protection solution
Hillhouse Capital Group, Jeneration Capital, Sands River
Venture, Matrix Partners China

10
EARLY STAGE
$30.0M - Series A
Hyperparameter Technology (2019, Shenzhen,
$30.0M)
Provider of artificial general intelligence technology
solution
5Y Capital, Gaorong Capital
EARLY STAGE
$30.0M - Series B
Ivydad (2015, Beijing, $37.2M)
English learning app for kids
Orchid Asia Group, Focustar Capital, V Star Capital
EARLY STAGE
$30.9M - Series A
Origincell (2014, Pudong, $30.9M)
Developer of R & D based cryogenic biological sample
storage devices for laboratory use
Shanghai Zhangjiang Technology Venture, Yijing
Capital, Qiming Venture Partners
EARLY STAGE
$40.0M - Series A
Wayz.ai (2017, Shanghai, $120.0M)
Provider of a location-based intelligent service
platform for real-time mapping solutions
, Shanghai Pudong Science Technology Investment
EARLY STAGE
$49.4M - Series B
Dobot (2014, Shenzhen, $78.5M)
Provider of robot arm for consumers and generic
industrial automation
CICC Capital, China Merchants Capital, V Fund, CRRC,
POTENTIAL ENERGY
EARLY STAGE
$61.8M - Series B
Changsha Intelligent Driving Institute (2017,
Changsha, $76.2M)
Provider of self-driving technology for commercial
vehicles
Xinding Capital
EARLY STAGE
$150.0M - Series B
VISEN Pharmaceuticals (2018, Shanghai, $150.0M)
Provider of therapeutics solution for endocrine-related
diseases
Sequoia Capital, Logos Capital, Sherpa Venture Capital,
Orbimed, Pivotal bioVenture Partners China, and 5
more
EARLY STAGE
$664.4M - Series B
Leap Motor (2015, Hangzhou, $1.1B)
Developer of smart electric car
SDIC, , Yonghua Capital
EARLY STAGE
Series B
Wuhan YZY Biopharma (2010, Wuhan)
Developer of bi-specific antibodies for cancer
treatment

11
EARLY STAGE
Series A
Shenzhen Feibi Electronic Technology (2010,
Longgang)
Provider of cloud and AI-based smart home
automation products and solutions
Shenzhen Gaoxintou Group, Qianhai International
Liaison Services, Greatwall Fund
EARLY STAGE
Series B
Whales English (2012, Beijing, $34.1M)
Online schools for language learners aged 3-18
New Oriental Education and Technology Group, Sino-
Ocean Capital
EARLY STAGE
Series B
Zhangjiagang Wanzhongyixin Biological
Technology (2014, Zhangjiagang)
Developer of bio-detection chips and electronic
biochemical sensors
Matrix Partners China
EARLY STAGE
Series A
Quantum Computing Technology (2017, Hefei)
Provider of full-stack quantum computing solutions
CCB International, Chengdu Industrial Investment
Group, China Internet Investment Fund
EARLY STAGE
Series A
Shanghai Zhuo Dao Medical Technology (2015,
Shanghai)
Developer of orthopedic rehabilitation robots for
healthcare providers
Zhangjiang Hi-Tech 600895, Legend Star
EARLY STAGE
Series B
Micro-Transmission Technology (2016,
Changzhou)
Provider of IoT based sensors solution
Addor Capital
EARLY STAGE
Series A
Shandong Hoteam Software (1993, Jinan)
Provider of product life cycle management and design
software
, Fangguang Capital,
EARLY STAGE
Series B
Beijing Caipos Technology (2016, Beijing)
Integrated systems for real-time monitoring of soil and
climatic parameters of farm fields and automation of
irrigation operations
EARLY STAGE
Series A
Honey Mate (2014, Shenzhen, $13.6M)
Internet-first brand of feminine care products
Meitu

12
EARLY STAGE
Series B
iQiyi Intelligent Technology (2016, Haidian,
$14.3M)
Provider of virtual reality headsets for entertainment
purposes
Fresh Capital
EARLY STAGE
Series A
Xi'an Micro Sensor Technology (2016, Xian,
$3.0M)
Provider of products and services on MEMS-based
sensors
EARLY STAGE
Series B
Mio Tech (2016, Shanghai, $22.0M)
AI-powered investment management platform for
asset managers
EARLY STAGE
Series A
DMAI (2018, Guangzhou, $77.2M)
AI-based learning platform for kids
EARLY STAGE
Series B
GenFleet Therapeutics (2017, Pudong, $91.1M)
Developer of drugs for treating tumors and
autoimmune diseases
Northern Light Venture Capital, CDH Investments,
Shanjin Capital, Leading Capital Group, Panlin Capital
EARLY STAGE
Series A
Beijing Zhongke Yinhexin Technology (2018,
Haidian)
Provider of integrated circuit designs and products
Xinchao Group
EARLY STAGE
Series B
Tage I-Driver (2016, Haidian, $29.8M)
Develops products for autonomous driving of mining
vehicles
EARLY STAGE
Series A
Youibot (2016, Shenzhen)
Provider of commercial service robots and robotic
autonomous mobile solutions
Blue Chi venture
EARLY STAGE
Series A
Zhongke Shenzhi (2019, Fengtai)
Animation software solutions provider
MYEG
EARLY STAGE
Series A
HGC (2017, Wuhan, $2.2M)
Provider of lighting solutions for LED chips

13
EARLY STAGE
Series B
Accessories (2016, Putuo, $15.8M)
E-distributor of fashion products
Logan Capital, Eastern Bell Venture Capital, Matrix
Partners China, Lightspeed China Partners, Zhen Fund,
and 1 more
EARLY STAGE
Series B
Edge Medical Robotics (2017, Longgang, $14.1M)
Developer of robots-based surgery for doctors
LYFE Capital, Alwin Capital, BioTrack Capital, Vertex
Ventures China
EARLY STAGE
Series B
WeRide (2017, Guangzhou, $362.0M)
Provider of AI-enabled self-driving technology for cars
Yutong Bus, CDB Capital, CMC Capital, , Qiming
Venture Partners, and 2 more
EARLY STAGE
Series B
Jieyi Biotechnology (2019, Hangzhou)
Developer of sequencing technology and platform for
detecting microorganismms
Chende Capital
EARLY STAGE
Series B
Nanjing Chuangxin Huilian Technology (2019,
Nanjing)
Provider of 5G communication ICs
Addor Capital, CDH Investments
EARLY STAGE
Series A
Beijing Curve Intelligent Equipment (2018,
Chaoyang)
Provider of AI-based robot spraying systems
EARLY STAGE
Series B
Tianyi Hexin (2014, Nanjing)
Manufacturer of sensors for diagnostics applications
EARLY STAGE
Series A
Qinsilk (2014, Shenzhen, $1.5M)
SaaS based accounts payable and receivable
automation solution for businesses
Hangzhou Guangyun Technology
EARLY STAGE
Series B
Issks.com (2014, Jiaxing)
Electric bike charging network
Guangzhou Tinci Materials Technology, Zhonglai

14
EARLY STAGE
Series B
CosBeauty (2013, Shenzhen, $30.3M)
Provider of beauty, fitness and health based smart
products
Xiaomi, Shunwei Capital,
EARLY STAGE
Series A
Shaanxi Huazhu Technology (2006, )
End-to-end field management solution for the
construction industry
Yonghua Capital
EARLY STAGE
Series A
Shenzhen Sirius Semiconductor (2020, Shenzhen)
Developer of power semiconductor chips
Creation Venture Partners
SEED STAGE
$1.5M - Seed
Eahison (2009, Foshan, $1.5M)
Provider of Wireless antennas provider
Qingkong Ginkgo Venture Capital Management
SEED STAGE
$5.0M - Seed
Authing (2017, Beijing, $5.0M)
Provider of cloud-based identity and access
management solution
GGV Capital
SEED STAGE
Seed
Red Dog (2013, Shenzhen)
Manufacturer of multiple healthcare products for
animal health
Guangdian Capital, Beijing Fangyuan Jinding
Investment Management
SEED STAGE
Seed
Miaoru Technology (2019, Beijing)
Provider of cloud data management and computing
platform
SEED STAGE
Seed
Shanghai Jinyu Intelligent Technology (2019,
Shanghai, $1.2M)
Candidate interviewing and shortlisting solution
Dark Horse Ventures
SEED STAGE
Seed
Burke Biotech (2016, Beijing)
Developer of precision medicine for biomedical
solutions
CCB International

15
SEED STAGE
Seed
Liberatrade (2019, Wan Chai)
Provider of AI & SaaS-based suite of analytics solutions
Artesian
SEED STAGE
Seed
Muxi Integrated Circuit (2020, Shanghai)
Developer of general-purpose GPU chips
Sequoia Capital, CTC Capital, TEDA Investment Holding,
Zhen Fund
SEED STAGE
Seed
Fangzi Technology (2018, Changsha)
Provider of a SaaS-based digital marketing platform for
pharmacies
SEED STAGE
Seed
FydeOS (2015, Beijing)
Provider of cloud-driven operating system
Baicells, Plug and Play
SEED STAGE
Seed
Shanghai Bluewall Network Technology (2019,
Shanghai)
Cloud-based project management software for
construction professionals
Zhen Fund, GGV Capital
SEED STAGE
Seed
Changyoubao (2016, Guangzhou)
Cloud-driven business management software for the
tourism industry
Guangdong Desheng Technology

New Investors (1/2)
List of New Investors in China Tech in January 2021
China Tech: List of New Investors
16
Investor Company Info Round Amount Round Name
hefei.gov.cn
1 portfolio companies |
Leap Motor
Developer of smart electric car
$664M Series B
Contemporary Amperex Technology
2 portfolio companies | Manufacturer of lithium-ion batteries
Horizon Robotics
Provider of AI-enabled processors offering perception solutions
$400M Series C
Focustar Capital
1 portfolio companies | Focustar Capital Group, LLC
Ivydad
English learning app for kids
$30.00M Series B
CDG Capital
1 portfolio companies | Corporate advisory firm
Provider of therapeutics solution for endocrine-related diseases
$150M Series B
gdhjtz.com
WeRide
Provider of AI-enabled self-driving technology for cars
Undisclosed Series B
hziam.com
Shenyang Shenda Endoscope
Developer of endoscopic devices and accessories
$20.06M Series B
guoliantz.com
Zhihuilin
Developer of medical service robots and medical devices
$18.53M Series B
Skychee Ventures
1 portfolio companies | Early-stage tech-focused VC firm investing in
geographies such as China
Extreme Vision
Undisclosed Series C
Xinchao Group
1 portfolio companies | Venture capital fund investing in tech sectors
Beijing Zhongke Yinhexin Technology
Provider of integrated circuit designs and products
Undisclosed Series A
China Jianyin Investment
1 portfolio companies | Integrated investment group focused on equity
investments
4Paradigm
Provider of an AI-based data science and modelling platform
$700M Series D

New Investors (2/2)
List of New Investors in China Tech in January 2021
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
ORIX
7 portfolio companies | Provider of financial services
Horizon Robotics
Provider of AI-enabled processors offering perception solutions
$400M Series C
Logan Capital
2 portfolio companies | Diversified investment management firm
Accessories
E-distributor of fashion products
Logos Capital
5 portfolio companies | PE and M&A advisory firm focused on the social impact
sector
Provider of therapeutics solution for endocrine-related diseases
$150M Series B
Zhongguanbao Investment
1 portfolio companies | Venture capital fund focused on energy and tech
startups
Guokaike Quantum Technology
Provider of cloud-based quantum security systems for communication
$7.70M Series A
JinYi Capital
1 portfolio companies | Provider of business loans
4Paradigm
Provider of an AI-based data science and modelling platform
$700M Series D
Guangdian Capital
1 portfolio companies | PE firm operating across China
Red Dog
Manufacturer of multiple healthcare products for animal health
Undisclosed Seed
Guangdong Desheng Technology
1 portfolio companies | Provider of information system construction and related
operating services
Changyoubao
Cloud-driven business management software for the tourism industry
Undisclosed Seed
Flattrade
1 portfolio companies | App-based trading platform for capital market assets
Qbb6.com
$38.60M Series D
fuqicapital.com
Tianyi Hexin
Manufacturer of sensors for diagnostics applications
lhcp.com
XTransfer
Cross-border payment platform for SMEs
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.
18
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Electric Cars $4.3B 8 WM Motor | $1.5B | Series D
2 --
K-12 EdTech > B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring >
Subscription
$3.5B 4 Yuanfudao | $1.2B | Series G
3 --
K-12 EdTech > B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring >
Homework Help
$2.4B 3 Zuoyebang | $1.6B | Series E
4 ▲12 Long Haul Trucking Marketplace $2.2B 4 Yunmanman | $1.7B | Series E
5 ▲3 Cab Ride-Hailing $1.9B 6 Didi | $1.0B | Series I
6 ▲9
Online Grocery > B2C Ecommerce > Multi Category >
Retailer > Own Delivery Fleet
$1.5B 5 Missfresh | $500M | Series F
7 ▲31 Nanopore Sequencing $1.0B 1 MGI | $1.0B | Series B
8 ▼-1 Machine Learning Platforms $960M 3 4Paradigm | $700M | Series D
9 ▲87 Data Science Platforms $937M 6 4Paradigm | $700M | Series D
10 ▲14 Diversified Pharmaceuticals > Drugs $817M 12 Genor Biopharma | $160M | Series B

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in China Tech in January 2021
China Tech: Analyst Picks
19
Upgraded to DECACORN
Lalamove (2013, Hong Kong, $1.3B, Series F)
Uber for Vans in Hong Kong and Mainland China
Asia Plus, Xiang He Capital, Hillhouse Capital Group and
16 other Investors
Upgraded to SOONICORN
Wayz.ai (2017, Shanghai, $40.0M, Series A)
Provider of a location-based intelligent service
platform for real-time mapping solutions
Vincent Chuang Tao, Shanghai Pudong Science
Technology Investment, and 3 other Investors
Dobot (2014, Shenzhen, $49.4M, Series B)
Provider of robot arm for consumers and generic
industrial automation
CRRC, Green Pine Capital Partners, V Fund and 7 other
Investors
UISEE (2016, Haidian, $154M, Series C)
Developer of c.loud and AI-enabled solutions for
autonomous driving
CICC, Star Technology Incubator, CYANHILL CAPITAL
and 5 other Investors
Qbb6.com (2013, Hangzhou, Undisclosed, Series C)
Shenzhen Capital Group, TAL Education Group,
Flattrade and 3 other Investors
Jiliguala (2014, Shanghai, Undisclosed, Series C)
English learning application for children
Tencent, Angel Vest Group, Sequoia Capital and 5
other Investors
JAKA (2014, Minhang, $46.3M, Series C)
Provider of collaborative robots for industrial
applications
Hejun Group, SAIF Partners, Fangguang Capital and 2
other Investors
Changsha Intelligent Driving Institute (2017,
Changsha, $61.8M, Series B)
Provider of self-driving technology for commercial
vehicles
Xinding Capital, , Chongqing Liangjiang Equity
Investment Fund Management and 6 other Investors
VISEN Pharmaceuticals (2018, Shanghai, $150M,
Series B)
Provider of therapeutics solution for endocrine-related
diseases

20
Upgraded to MINICORN
Dianxiaomi (2014, Beijing, $23.1M, Series B)
Provider of cross-border solution for ecommerce
sellers
Initial Capital,GGV Capital,CDH Investmentsand
Xinheyun (2014, Shanghai, Undisclosed, Series B)
Cloud-based enterprise resource planning solution
provider for manufacturing units
Zhun Park Investment, IDG Capital, Northern Light
Venture Capital and 1 other Investors
Authing (2017, Beijing, $5.0M, Seed)
Provider of cloud-based identity and access
management solution
GGV Capital,PreAngel,China Growth Capitaland
Weisheng (2015, Shanghai, Undisclosed, Seed)
Cloud-based CRM solutions provider
Tencent,Sequoia Capital,Sequoiaand
PerfMa (2019, Hangzhou, Undisclosed, Series A)
Application performance monitoring and analysis
solution
Vision Knight Capital,Cowin Capitaland
Origincell (2014, Pudong, $30.9M, Series A)
Developer of R & D based cryogenic biological sample
storage devices for laboratory use
Shanghai Zhangjiang Technology Venture,Yijing
Capital,Qiming Venture Partnersand
Guokaike Quantum Technology (2019, Beijing,
$7.7M, Series A)
Provider of cloud-based quantum security systems for
communication
Zhongguanbao Investment,Anhui Golden Seed
Wineryand
Hangzhou Habitat Planet Network Technology
(2015, Hangzhou, $10.8M, Series A)
Omnichannel marketing automation solutions
Anyi Shengyin,Youzan,Chuxin Capital Partnersand
Weacar (2015, Hangzhou, $18.6M, Series A)
Online platform that provides pre-purchase vehicle
concierge services
Tongjiang Capital,Guangzhou Huazhengdao Visual
Logisticsand
RAYSEES (2018, , $15.4M, Series B)
Provider of semiconductor light source solutions
Xi'an Micro Sensor Technology (2016, Xian,
Undisclosed, Series A)
Provider of products and services on MEMS-based
sensors
Infore Capitaland

21
Added to Editor's Pick
EMQ (2013, Hangzhou, Undisclosed, Series B)
Provider of real-time MQTT messaging for IoT and
mobile applications
Vision Knight Capital, Hillhouse Capital Group, and 1
other Investors
Miro AI (2017, Wan Chai, Undisclosed, Seed)
Provider of an AI-driven platform for sports
competitors management
SOSV, CP Ventures, Startupbootcamp and 3 other
Investors
Starfield (2017, Nanshan, Undisclosed, Series A)
Platform offering plant-based meat products
Lightspeed China Partners, Matrix Partners China, Sky9
Capital and 1 other Investors
Neptune Robotics (2018, Shenzhen, $55.0K, Seed)
Provider of fuel management systems for marine
logistics
Cloud Angel Fund,Spider Capital,SOSVand
Hey Maet (2019, Huangpu, Undisclosed, Seed)
Provider of plant-based artificial meat products
Tiantu Capital, UpHonest Capital, and 2 other
Investors
Extreme Vision (2014, Shenzhen, Undisclosed,
Series C)
North Summit Capital, DT Capital Partners, Qualcomm
Ventures and 9 other Investors
Beijing Momentary Intelligent Technology
(2017, Haidian, Undisclosed, Seed)
AI based sorting system for manufacturing applications
,Plug and Play Tech Centerand
Zhangjiagang Wanzhongyixin Biological
Technology (2014, Zhangjiagang, Undisclosed, Series
B)
Developer of bio-detection chips and electronic
biochemical sensors
Vertilite (2015, Changzhou, Undisclosed, Series B)
Provider of high power and high speed VCSEL (vertical-
cavity surface-emitting laser) solutions
Gaorong Capital, Yangtze River Industry Fund,
Hillhouse Capital Group and 4 other Investors
Shenzhen Zhiliu Technology (2019, Shenzhen,
$1.0M, Seed)
Cloud-based API management platform
Zhen Fund,Zhen Cheng Capitaland
Shanghai Bluewall Network Technology (2019,
Shanghai, Undisclosed, Seed)
Cloud-based project management software for
construction professionals
Zhen Fund,GGV Capitaland
Miaoru Technology (2019, Beijing, Undisclosed,
Seed)
Provider of cloud data management and computing
platform
Hillhouse Capital Group,Fangxin Capitaland

22
Micro-Transmission Technology (2016,
Changzhou, Undisclosed, Series B)
Provider of IoT based sensors solution
Addor Capitaland
AliveX Biotech (2019, Shanghai, Undisclosed, Seed)
Provider of an AI-based clinical diagnostic platform for
oncology
5Y Capital,Cherubic Venturesand
Shenzhen Sirius Semiconductor (2020, Shenzhen,
Undisclosed, Series A)
Developer of power semiconductor chips
Creation Venture Partnersand
Shanghai Sichang Communication Technology
(2014, Shanghai, Undisclosed, Seed)
Provider of an wireless router chip for IoT applications
Yingke Capitaland
Beijing Curve Intelligent Equipment (2018,
Chaoyang, Undisclosed, Series A)
Provider of AI-based robot spraying systems
FydeOS (2015, Beijing, Undisclosed, Seed)
Provider of cloud-driven operating system
Baicells,Plug and Playand
UIOT (2011, Shanghai, Undisclosed, Series C)
Provider of an IoT-based wireless interconnected smart
home system
Fangzi Technology (2018, Changsha, Undisclosed,
Seed)
Provider of a SaaS-based digital marketing platform for
pharmacies
Burke Biotech (2016, Beijing, Undisclosed, Seed)
Developer of precision medicine for biomedical
solutions
CCB Internationaland
Qinsilk (2014, Shenzhen, Undisclosed, Series A)
SaaS based accounts payable and receivable
automation solution for businesses
Hangzhou Guangyun Technologyand
SlowMist (2018, Xiamen, Unfunded)
Security audits for blockchain based services
Xiaobang Kuaisong (2016, Zhongshan, Undisclosed,
Seed)
Online platform offering delivery services

23
Cybertron (2016, Haidian, Unfunded)
Cybersecurity analysis and management platform
Security Capitaland
Key Solution (2018, Tsim Sha Tsui, Unfunded)
Merchant acquiring solution for the payment industry
Ruian Woma Auto Parts (2015, Ruian, Unfunded)
Manufacturer of automotive sensors

IPO Date Company IPO Mcap Exchange Ticker
08 Jan 2021
Gracell Bio (2017, Shanghai, $195M)
Developer of therapeutic solutions for treating cancer
$6.2B NASDAQ:GRCL
27 Jan 2021
Tian Ruixiang Holdings (2010, Zhenjiang, )
Risk management & claim solutions for insurance brokers
NASDAQ:TIRX
28 Jan 2021
Mobirix (2010, Changchun, )
Mobile game publisher
$0.0B KRX:348030
IPOs
List of IPOs in China Tech in January 2021
China Tech: IPOs
24

Acquisitions
List of Acquisitions in China Tech in January 2021
China Tech: Acquisitions
25
Acq. Date Company Acquirer Deal Size
15 Jan 2021
lrts.me(2011, Shenzhen, $30.7M)
Audio books platform
Tencent Music $417.1M
18 Jan 2021
Miaoshou(2015, Beijing, $236.9M)
Telemedicine application and online pharmacy store
18 Jan 2021
Delicious without waiting(2013, Shanghai, $162.0M)
SaaS and PoS based solution for restaurants and table booking
app
Alibaba Group
28 Jan 2021
EaseMob(2014, Beijing, $21.3M)
Messaging and calling API & SDK provider
Agora
29 Jan 2021
Tigers(2011, Kowloon)
Logistics and supply chain services
jas.com

Recent News (1/2)
Recent News in China Tech in January 2021
China Tech:News
26
Exit News
.
● Fitness app "Keep" is considering the fastest IPO this year, with a valuation of
approximately US$2 billion 36Kr
.
● Baidu Picks CLSA and Goldman Sachs for Secondary Listing in Hong Kong,
Bloomberg Reports Volanews
.
● ByteDance's chief rival wins HKEX nod for US$5b IPO The Business Times
.
● Kuaishou has completed the roadshow and launches an institutional IPO next
Monday, and plans to raise US$5 billion 36Kr
.
● EyeVerify to be sold by Ant Financial Planet Biometrics
.
● Huawei sells off budget phone brand as US pressure bites vir.com.vn
.
● Tencent-Backed Start-Up Preps For World’s Biggest Tech IPO Since Uber Techgist
Africa
.
● Chinese facial recognition unicorn Megvii prepares China IPO TechCrunch
.
Fund News
.
● Another VR investment fund was established with a scale of 3 billionOriginal
● Molecular Data Inc. Announces Appointment of Independent Director Financial
Buzz
.
● Molecular Data Inc. Announces Changes of Chief Financial Officer GlobeNewswire
.
● Molecular Data Inc. Announces the Establishment of its Strategy Advisory
Committee Molbase
.
● Matt Bross, Barbara Carbone appointed to DZS board Light Reading
.
● Huawei ropes in former Brazilian President Michel Temer to advise on 5G
Express Computer
.
● JD.com announced the establishment of JD.com Technology Subgroup, former
JD Digital CEO Li Yayun served as CEO 36Kr
.
● Molecular Data Inc. Announces Changes of Chief Financial Officer
roboticulized.com
.
Company News
.
● EMQ Expands Global Payment Capabilities into South Korea Business Wire
.
● iQIYI Expands Its International Footprint, Announcing Its Animation, Deer
Squad Airing on Nickelodeon in the US MarTech Series

Recent News (2/2)
Recent News in China Tech in January 2021
China Tech:News
27
● Antengene Submits NDA for ATG-010 (Selinexor) in South Korea for rrMM and
rrDLBCLPR Newswire
.
● Yadea enters the Swiss and Latin American markets with several new flagship
stores PR Newswire
.
● Yadea enters the Swiss and Latin American market with several new flagship
stores PR Newswire
.
● Ascentage Pharma Announces its 9th Orphan Drug Designation from the US
FDA in 2020, Setting a Record for Chine... PR Newswire
.
Regulatory News
.
● United States adds China’s smartphone maker Xiaomi to blacklist TelecomLead
.
● China fines JD.com, Alibaba’s Tmall, Vipshop for irregular pricing The Star Online
.
● Alipay among eight Chinese apps banned in latest Trump executive order ZDNet
.
● Chinese Watchdog Probes Ant Group's Equity Investments Deccan Herald
.
● US considering adding Alibaba, Tencent to China investment ban The Business
Times
.

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