Tracxn - Geo - China Tech - May 2021

TRACXN MONTHLY REPORT
MAY 2021
CHINA TECH

China Tech - May 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 26
Acquisitions 27
Recent News 28

China Tech Snapshot – May 2021
China Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$2.1B
84 1
Overall Geo Stats
20
2
214
61
109
Funding Rounds $ Invested Analyst Picks
WeRide Upgraded
to UNICORN
New Investors
Maple Leaf Capital
wzjrtzjt.com
Series A+ rounds Active Investors IPOs
Zhongbi Energy
Technology
Acquisitions
Holla#@
JOYONWAY#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Beijing
(23 Rounds, $655M)
Shanghai
(15 Rounds, $469M)
Haidian
(11 Rounds, $109M)
Hangzhou
(11 Rounds, $31.1M)
$330M - Series D
Dingdong Maicai (2014, Shanghai, $1.3B)
$260M - Series F
Beisen (2002, Beijing, $389M)
$156M - Series C
Yuanbao (2014, Beijing, $156M)
$105M - Series C
Elpiscience (2017, Pudong, $155M)
Hillhouse Capital Group
(6 Investments)
Matrix Partners China
(5 Investments)
Sequoia Capital
(4 Investments)
Sequoia China
(4 Investments)
Logistics Tech
Dingdong Maicai
Online Grocery
AInnovation
HRTech
Beisen
Professional Service Robots
Pudu Robotics
Market Size
Companies Covered 26,792
Funded Companies 13,077
Total Funding $428B
Funding in last 12 months $64.7B
Top Exits
IPOs 567
Acquisitions 470
Company Stage
Unicorns 165
Soonicorns 534
Minicorns 780
Editor Picks 3,276
Series A+ 5,855
Series C+ 1,177
Acqui-Hires 2
Deadpooled 4,288
Top Cities
Beijing (5,591 Rounds, $126B)
Shanghai (3,118 Rounds, $75.2B)
Top Investors
Sequoia Capital (401 Investments)
IDG Capital (310 Investments)

Investment Snapshot
Investment Snapshot of China Tech as of May 2021
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
Dingdong Maicai
(2014, Shanghai, $1.3B)
$330M - Series D VisionFund
Beisen
(2002, Beijing, $390M)
$260M - Series F SoftBank Vision Fund
Yuanbao
(2014, Beijing, $156M)
$156M - Series C Source Code Capital
Elpiscience
(2017, Pudong, $155M)
$105M - Series C
Greater Bay Area Homeland
Investments
Yun Qu Na
(2015, Shanghai, $202M)
$100M - Series D
Megatronix
(2018, Chaoyang, $100M)
$100M - Series C Nanshan Capital
Beijing Gongjin Technology
(2015, Haidian, $237M)
$80.0M - Series D
Pudu Robotics
(2016, Shenzhen, $102M)
$78.0M - Series C Tencent
Shenzhen Pudu Technology
(2016, Shenzhen, $117M)
$77.9M - Series C Meituan
Lanhu
(2016, Chaoyang, $124M)
$77.7M - Series C Lightspeed China Partners
MegaRobo
(2016, Beijing, $127M)
$65.0M - Series B Joy Capital
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in China Tech in May 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
$475.9K - Series D
AIWAYS (2017, Shanghai, $2.1B)
Manufacturer of smart cars
Contemporary Amperex Technology
LATE STAGE
$15.6M - Series C
LenoMed (2014, Shanghai, $22.8M)
Developer of closed loop insulin delivery devices
Shenzhen Dongfang Fuhai Investment Management,
Eight Roads Ventures,
LATE STAGE
$17.1M - Series D
Chunmi Electronic Technology (2009, Pudong,
$31.6M)
Manufactures and supplies kitchen appliances
CDH Investments
LATE STAGE
$27.0M - Series E
Changyang Technology (2017, Haidian, $48.6M)
Situational awareness based platform for internet
security
Shenzhen Capital Group, Baidu Ventures, Cornerstone
Fund
LATE STAGE
$31.1M - Series D
Beijing Zhongke Wenge Technology (2017,
Beijing, $89.8M)
Semantic-based big data analytics platform
CMB International, Huagai Capital
LATE STAGE
$31.4M - Series C
Rokae (2015, Beijing, $78.0M)
Developer of robotic arms for the manufacturing
sector
Shenzhen Capital Group, Grand Flight Investment
LATE STAGE
$77.6M - Series C
Shenzhen Pudu Technology (2016, Shenzhen,
$117.3M)
Provider of an indoor catering robot
Meituan, Sequoia
LATE STAGE
$77.7M - Series C
Lanhu (2016, Chaoyang, $123.6M)
Cloud-based product design collaboration and
management platform
Lightspeed China Partners, Sequoia Capital, Sands River
Venture
LATE STAGE
$78.0M - Series C
Pudu Robotics (2016, Shenzhen, $102.0M)
Provider of robotic waiter for restaurants and hotels
Tencent, Sequoia Capital, Meituan

6
LATE STAGE
$80.0M - Series D
Beijing Gongjin Technology (2015, Haidian,
$237.3M)
Financial and taxation service platform
LATE STAGE
$100.0M - Series C
Megatronix (2018, Chaoyang, $100.0M)
Cloud-enabled platform offering in-vehicle connected
car application development solutions
Nanshan Capital, Redpoint China Ventures, Hike Capital
LATE STAGE
$100.0M - Series D
Yun Qu Na (2015, Shanghai, $202.4M)
Online marketplace for multi-channel carrier bookings
LATE STAGE
$105.0M - Series C
Elpiscience (2017, Pudong, $155.0M)
Developer of checkpoint inhibitors for the treatment of
cancer
Greater Bay Area Homeland Investments, e, Deyi
Capital, Yuanhe Holdings, , and 4 more
LATE STAGE
$155.6M - Series C
Yuanbao (2014, Beijing, $155.6M)
Online digital currency as a collateral based P2P
lending platform
Source Code Capital, Cathay Capital, SIG, Northern
Light Venture Capital, Hike Capital, and 1 more
LATE STAGE
$260.0M - Series F
Beisen (2002, Beijing, $389.5M)
Cloud-based talent management solutions
SoftBank Vision Fund, Goldman Sachs, Fidelity
International, Primavera Capital Group, Sequoia China,
and 2 more
LATE STAGE
$330.0M - Series D
Dingdong Maicai (2014, Shanghai, $1.3B)
Online retailer of grocery products
VisionFund
LATE STAGE
Series D
Mint network (2007, Shanghai)
Mobile platform for weight loss
Fosun

7
LATE STAGE
Series C
DeepWise (2017, Beijing, $46.3M)
Developer of AI-based radiology image solutions
primarily for cancer diagnosis
CICC Capital, Legend Capital, Kunzhong Capital
LATE STAGE
Series C
GeneQuantum (2013, Suzhou)
Developer of antibody-drug conjugates to treat cancer
China Life Insurance, Sansheng Guojian
Pharmaceutical,
LATE STAGE
Series C
LifeSmart (2013, Hangzhou, $21.4M)
Cloud, AI, and app-based platform offering home
automation solutions
New World Development
LATE STAGE
Series E
Supermonkey (2014, Shenzhen, $76.2M)
Video based tutorials and remote consultation through
app for Fitness
CICC
LATE STAGE
Series F
Fanxiang (2011, Haidian, $283.0M)
mCRM and enterprise collaboration solutions for SMBs
CDH Investments, Northern Light Venture Capital,
China Soft Capital Management Group, IDG Capital,
DCM Ventures, and 3 more
LATE STAGE
Series C
Beijing Yunji China Technology (2014, Haidian)
Provider of service robots for multi-industry
applications
LATE STAGE
Series D
Beijing Code Niu Technology (2013, Beijing,
$14.1M)
Provider of integrated artificial intelligence solutions
Sha Jiang
LATE STAGE
Series C
Arcwalker (2013, Hangzhou, $20.9M)
Online marketplace for part time jobs for college
students
Hundsun, Orient Securities, Aqua Ventures, TAL
Education Group, Anyi Shengyin
LATE STAGE
Series C
WeRide (2017, Guangzhou, $362.0M)
Provider of AI-enabled self-driving technology for cars
IDG Capital, Sky9 Capital, K3 Ventures, AlpView, CMC
Capital, and 1 more

8
LATE STAGE
Series D
AInnovation (2018, Haidian, $131.5M)
AI-based software for the retail, manufacturing, and
insurance sectors
SoftBank Vision Fund
LATE STAGE
Series E
Huitongda (2008, Nanjing, $993.6M)
Online B2B platform targeting electronic retailers in
rural areas
LATE STAGE
Series C
Share2 (2015, Shanghai)
Online marketplace for second hand clothing
Enlight Growth Partners, Redpoint China Ventures,
Hearst, Yuan Jing Capital, TIANFU GROUP
EARLY STAGE
$302.9K - Series B
$117.3M)
EARLY STAGE
$3.1M - Series A
Beijing Shenzhou Hui'an Technology (2018,
Beijing, $3.1M)
Provider of industrial control network security and IoT
services
EARLY STAGE
$7.0M - Series A
MCDEX (2019, Beijing, $7.0M)
Decentralized exchange platform for cryptocurrency
futures
Delphi Digital, Alameda Research, Plutus, Multicoin
Capital, IOSG Ventures, and 16 more
EARLY STAGE
$7.3M - Series A
Zrou Movement (2020, Shanghai, $8.8M)
Platform offering plant-based meat products
TRIREC, Thibault Villet
EARLY STAGE
$7.8M - Series A
Carbonstop (2011, Beijing, $7.8M)
Carbon emission management solution provider
Hillhouse Capital Group, Matrix Partners China
EARLY STAGE
$7.8M - Series A
Anzhi Auto (2016, Suzhou, $7.8M)
Developer of ADAS & automotive safety systems

9
EARLY STAGE
$8.0M - Series A
Nianli (2019, Chaoyang, $8.0M)
Provider of mobile-based cloud gaming technology
based on hybrid multi-cloud
Lilith Games, 5Y Capital
EARLY STAGE
$10.0M - Series A
Stepone (2019, Beijing, $10.0M)
Cloud-based lead generation software solution
provider
Lightspeed China Partners
EARLY STAGE
$11.0M - Series A
Clustar (2018, Beijing, $11.0M)
Provider of a training platform for machine learning
models
CMB International, Shenzhen Cornerstone Asset
Management
EARLY STAGE
$15.4M - Series B
Youibot (2016, Shenzhen, $30.9M)
Provider of commercial service robots and robotic
autonomous mobile solutions
SoftBank Ventures Asia, Blue Chi venture, SIG China
EARLY STAGE
$15.4M - Series A
Hong Jing Drive (2018, Hangzhou, $15.4M)
Tech-enabled solutions for autonomous vehicles
DatAi Corp, Blue Chi venture, Delian Capital, Hillhouse
Capital Group, Translink, and 1 more
EARLY STAGE
$15.5M - Series B
Opnous (2014, Shanghai, $15.5M)
Provider of AI-based 3D image sensors
Glory Ventures
EARLY STAGE
$15.6M - Series B
Safford Decoding (2015, Beijing, $25.6M)
Provider of precision medicine services
, TusStar, , CS Capital
EARLY STAGE
$15.6M - Series B
Yunphant (2014, Hangzhou, $16.1M)
Easily deployable blockchains for enterprises.
Shenzhen Capital Group
EARLY STAGE
$15.6M - Series A
Hunan Seebit Robot (2019, Changsha, $30.2M)
Provider of vision-guided smart and flexible robots
MSA

10
EARLY STAGE
$15.6M - Series A
Xisoft Technology (2018, Yangpu, $15.6M)
Provider of software solutions for hospital
administration management
Sequoia China, Sherpa Healthcare Partners, Banyan
Capital
EARLY STAGE
$17.0M - Series B
Huoban (2012, Beijing, $17.0M)
Cloud-based enterprise data & process management
platform
Sequoia Capital,
EARLY STAGE
$18.7M - Series A
Ruiyun Cold Chain (2020, Chaoyang, $18.7M)
Provider of cold chain distribution and storage services
China Merchants Capital, , Qingsong Fund, Panlin
Capital
EARLY STAGE
$30.0M - Series B
Jiangsu Jian'an Agriculture and Animal
Husbandry Supply Chain Management (2010,
Suqian, $30.0M)
Provider of smart supply chain solution for agriculture
and animal husbandry industry
Orchid Asia Group, Fortune Capital
EARLY STAGE
$31.3M - Series B
Lingxing (2017, Nanshan, $31.3M)
Platform offering suite solution for Amazon sellers
Source Code Capital, Eastern Bell Venture Capital,
Shunwei Capital, Blue Lake Capital
EARLY STAGE
$38.8M - Series B
Moqi Technology (2017, Beijing, $38.8M)
Provider of AI based fingerprint identification system
EARLY STAGE
$38.9M - Series B
Kangpu (2011, Pudong, $38.9M)
Developer of small molecule drugs to treat cancer,
auto-immune, and inflammatory disease
ABC International, Sailing Capital
EARLY STAGE
$40.0M - Series A
BabelFinance (2018, Hong Kong, $40.0M)
Cryptocurrency-backed loans and deposit products
Sequoia Capital, Dragonfly Capital, BAI Capital, Tiger
Global Management, Bertelsmann
EARLY STAGE
$47.0M - Series B
TAOS Data (2017, Chaoyang, $57.0M)
Provider of a cloud-based solution for analysis of time-
space data
Matrix Partners China, Sequoia, Index Capital, GGV
Capital

11
EARLY STAGE
$62.1M - Series B
TYK Medicines (2018, Xuhui, $101.9M)
Developer of drugs for the treatment of cancer
China Sea Innovation Capital, Zheshang Venture
Capital, , Zhejiang Haibang Investment Management
EARLY STAGE
$65.0M - Series B
MegaRobo (2016, Beijing, $127.3M)
Provider of collaborative robots for industrial
applications
Joy Capital, Sinovation Ventures, Matrix Partners
China, Future Capital, WuXi AppTec
EARLY STAGE
Series A
Feiliu Technology (2017, Pudong)
Online platform offering supply chain management
solutions to fashion companies
Bytedance, , SoftBank Group, Wu Capital, INCE
CAPITAL
EARLY STAGE
Series B
Ningbo Bio Technology (2013, Ningbo)
Transcatheter valves for treatment of valve disorders
Chende Capital, ABC International, Hillhouse Capital
Group, Primavera Capital Group
EARLY STAGE
Series B
Allystar (2013, Shenzhen)
Provider of system-on-chips for GNSS applications
Yunfeng Capital, TCL, Avic Capital, CMB International,
Enlighten Holdings, and 1 more
EARLY STAGE
Series B
Face Face (2013, Hangzhou, $14.4M)
Platform offering customer intelligence solution for
offline businesses
EARLY STAGE
Series A
Nenglian Zhonghe Technology (2016, Shanghai)
Online marketplace for green asset financing
Score Capital, Haoyu Capital
EARLY STAGE
Series A
Boxxin Technology (2015, Chaoyang)
Provider of logistics transportation management
platform
Enlight Growth Partners, China Merchants Group
EARLY STAGE
Series A
Beijing Daxiang Technology (2020, Haidian)
Developer of organ chip models for drug discovery
WuXi AppTec, , Jiuyou Capital

12
EARLY STAGE
Series A
Hangzhou Guiling Medical Devices (2017,
Hangzhou)
Developer of wound healing products
GP Capital
EARLY STAGE
Series B
Hangzhou Feibu Technology (2017, Hangzhou)
Provider of AI-based autonomous driving and
scheduling technology for logistics
Fortune Capital, Deyi Capital,
EARLY STAGE
Series A
Hopstem Biotechnology (2017, Hangzhou)
Provider of cells, reagents and biobank for stem cell
and neuroscience research
Bioventure, Longmen Capital
EARLY STAGE
Series A
Custouch (2016, Shanghai)
Cloud-based marketing automation solution
Ferry Venture Capital
EARLY STAGE
Series B
Fuzhi Information Technology (2015, Shenzhen,
$15.5M)
Provider of digital light projector technology-based
industrial 3D printers
Blue Lake Capital, C&D
EARLY STAGE
Series B
Ekeguan (2015, Beijing, $1.6M)
Online platform for financial sector people
New Oriental Education and Technology Group
EARLY STAGE
Series B
MuChain Internet of Things Technology (2017,
Beijing)
Provider of industrial threat assessment solutions for
IoT
EARLY STAGE
Series B
Focus & Fusion (2014, Hangzhou)
Developer of ultrasound diagnostic equipment
Chende Capital, Orient Securities, Share Capital, Huagai
Capital
EARLY STAGE
Series A
4DBIM (2018, Haidian)
Cloud-based building information modeling software
for construction professionals

13
EARLY STAGE
Series A
L&L Biopharmaceuticals (2015, Shanghai)
Early stage biopharma
EARLY STAGE
Series B
Tikin Media (2017, Chaoyang, $21.4M)
China-based advertising agency providing elevator
projection media
Jebsen Asset Management, Mirae Asset, , Enlight
Growth Partners
EARLY STAGE
Series A
Shuqin Technology (2016, Haidian)
Blockchain-enabled banking software suite
EARLY STAGE
Series A
SmartAHC (2014, Chengdu)
Provider of IoT-based livestock animal data collection
and analytics system
Hillhouse Capital Group, Linear Venture
EARLY STAGE
Series A
Tyligand Bioscience (2017, Shanghai)
Developerof small molecule drugs for cancer and
immune diseases
Virtus Inspire Ventures, China Medical System, Yijing
Capital
EARLY STAGE
Series A
Shanghai Taisi Microelectronics (2019, Pudong)
Manufacturer of system-on-chips for IoT applications
Oceanpine Capital
EARLY STAGE
Series A
Analytical Biosciences (2018, San Francisco)
Developer of precision medicine in cancer using single-
cell genomics and bioinformatics platform
Sequoia China, Green Pine Capital Partners, IDG Capital
EARLY STAGE
Series A
Hefei Weina Sensing Technology (2015, Hefei)
Developer of microelectromechanical system-based
sensors for environmental applications
CITIC Group, Cowin Capital, Huaying Investment,
Huami,
EARLY STAGE
Series A
Hangzhou Lingxi Robot Intelligent Technology
(2017, Hangzhou)
Provider of robotic arm for multi-industry applications
Ferry Venture Capital

14
EARLY STAGE
Series A
Small K (2017, Beijing)
3D avatar development software provider
N5 Capital
EARLY STAGE
Series A
vipSing (2019, Shanghai, $1.4M)
Provider of online music learning platform
Shunwei Capital
EARLY STAGE
Series A
Beijing Enterprise Enterprise Technology (2018,
Haidian)
Cloud-based enterprise resource planning software
provider
China Broadband Capital
EARLY STAGE
Series A
Zhejiang Xiaoyuan Robot (2017, Hangzhou)
Provider of robotic solutions for industrial applications
China Merchants Group
SEED STAGE
$1.0M - Seed
Solv Protocol (2021, , $1.0M)
Decentralized network for financial products
Krypital Group, Hashed, IOSG Ventures, Maple Leaf
Capital, AXIA8, and 2 more
SEED STAGE
$1.5M - Seed
NFTMart (2021, Beijing, $1.5M)
Provider of NFT decentralized trading platform
Pakal, OKEX, LD Capital, Signum Health, Spark Digital,
and 4 more
SEED STAGE
$1.5M - Seed
Tuotuo Digital Technology (2020, Haidian, $1.5M)
Online lending platform for cross-border trades
Star Han Capital
SEED STAGE
$1.7M - Seed
Forkast News (2018, Hong Kong, $1.7M)
Online platform offering blockchain news
CMCC Global, AMTD Group, Alibaba, Don Tapscott,
Animocabrands, and 3 more
SEED STAGE
$8.5M - Seed
In-Driving (2016, Wuhan, $10.9M)
Cloud-enabled platform offering open-source solutions
for autonomous driving

15
SEED STAGE
Seed
Vcare (2013, Chengdu)
Provider of heart rate monitoring sensors
Shunwei Capital, Yunmu Capital,
SEED STAGE
Seed
Cifnews (2013, Xiamen)
Online cross-border platform connecting e-commerce
with industrial internet platform
CITIC Capital
SEED STAGE
Seed
General Biosystems (2014, Chuzhou)
Provider of synthetic biology service platforms
LYFE Capital, Addor Capital,
SEED STAGE
Seed
Xingqiyun (2018, )
Cloud-based production management software
Qinglan Capital
SEED STAGE
Seed
Aurora Intelligent Technoligy (2013, Shenzhen)
Digital signage solutions provider
Taiyou Fund, Share Capital
SEED STAGE
Seed
Aurora Intelligent (2015, Hefei)
Cloud-based legal case management software provider
Taiyou Fund,
SEED STAGE
Seed
Ruiyun Service Cloud (2018, Suzhou)
Cloud based after sales service management solutions
provider
Blue Lake Capital
SEED STAGE
Seed
Hainan Susheng Biotechnology (1996, Haikou)
Developer of therapeutic devices for orthopedic
disorders
SEED STAGE
Seed
SageRAN (2015, Guangzhou)
Provider of 5G wireless RAN system solutions
Qualcomm Ventures
SEED STAGE
Seed
Beijing Sinoits Tech (2012, Beijing)
Video analytics solutions provider
Qualcomm Ventures
SEED STAGE
Seed
Huleen (2021, Shanghai)
Offers a tool for managing interlinked notes &
documents
Volcanics Venture

16
SEED STAGE
Seed
Xin Yaohui Technology (2020, Zhuhai, $61.9M)
Provider of IP cores for system-on-chips
Banyan Capital, net.cn, Matrix Partners China, Sequoia
China, , and 1 more
SEED STAGE
Seed
Shanghai i-Search Software (2011, Shanghai)
Provides robotic process automation software
solutions
Kingdee
SEED STAGE
Seed
Dragonest (2014, Beijing)
Mobile publisher of video games
Tencent
SEED STAGE
Seed
Shanghai Mita Network Technology (2018,
Chaoyang)
Provider of AI and OCR-based text analytics and
translation software
Amino Capital, Future Capital
SEED STAGE
Seed
Beijing Dowying Technology (2019, Chaoyang)
Developer of AI-based audio production service
platform
ChineseAll, Tisiwi Ventures, Early Morning Capital
SEED STAGE
Seed
Beijing Chaocai Information Technology (2019,
Beijing)
Provider of RF-based communication ICs
SEED STAGE
Seed
Shangque Technology (2020, Shenzhen)
Cloud based data discovery software solution provider
SEED STAGE
Seed
DjangoRobotics (2019, Baoshan)
Provider of autonomous mobile robots for logistics and
warehousing solutions
Legend Star
SEED STAGE
Seed
Xuexiaoyi (2019, Beijing)
Online platform providing learning solutions for college
students
Bytedance

New Investors (1/2)
List of New Investors in China Tech in May 2021
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
Maple Leaf Capital
1 portfolio companies | HOME | Maple Leaf Capital
Solv Protocol
$1.00M Seed
wzjrtzjt.com
1 portfolio companies |
TYK Medicines
$62.11M Series B
Signum Health
2 portfolio companies | Developer of digital referral platform and a range of
remote diagnostic services
NFTMart
$1.50M Seed
elite-joint.com
Aurora Intelligent
Cloud-based legal case management software provider
Undisclosed Seed
Jiangling Motors
1 portfolio companies | Brand of commercial vehicles
Allystar
Undisclosed Series B
AlpView
1 portfolio companies | Index - AlpView Capital Partners
WeRide
Undisclosed Series C
AXIA8
1 portfolio companies | AXIA8
Solv Protocol
$1.00M Seed
Translink
1 portfolio companies | Translink
Hong Jing Drive
$15.45M Series A
Prometeus
1 portfolio companies | Blockchain-based marketing solutions provider
NFTMart
$1.50M Seed
Early Morning Capital
1 portfolio companies | Options Trading | Early Morning Capital
Beijing Dowying Technology
Developer of AI-based audio production service platform
Undisclosed Seed

New Investors (2/2)
List of New Investors in China Tech in May 2021
China Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
Jebsen Asset Management
Tikin Media
China-based advertising agency providing elevator projection media
Undisclosed Series B
Delphi Digital
1 portfolio companies | Delphi Digital | Research & Consulting
MCDEX
Decentralized exchange platform for cryptocurrency futures
$7.00M Series A
stonecapital.pt
1 portfolio companies | Stone
Ruiyun Cold Chain
$18.67M Series A
DeFi Alliance
7 portfolio companies | home - DeFi Alliance
MCDEX
$7.00M Series A
Sansheng Guojian Pharmaceutical
3 portfolio companies | Provider of quality management services
GeneQuantum
Undisclosed Series C
Horizon Capital
14 portfolio companies | PE firm invests in Ukraine
MCDEX
$7.00M Series A
Don Tapscott
1 portfolio companies | Home Page - Don Tapscott
Forkast News
Online platform offering blockchain news
$1.70M Seed
DatAi Corp
1 portfolio companies | Venture capital firm investing in multiple sectors
Hong Jing Drive
$15.45M Series A
challengercap.com Huoban
Cloud-based enterprise data & process management platform
$17.00M Series B
um.edu.mo
1 portfolio companies | Homepage | University of Macau
Xin Yaohui Technology
Provider of IP cores for system-on-chips
Undisclosed Seed

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 ▲28 B2C Fruits and Vegetables Group Buying Platforms $5.7B 9 Hunan Xingshe.. | $3.0B | Series D
2 ▲5 Electric Cars $4.3B 9 WM Motor | $1.5B | Series D
3 ▲307 Truck Booking Marketplace $3.8B 6 Yunmanman | $1.7B | Series E
4 ▲134 Online B2C Grocery Group Buying $3.7B 2 Xingsheng Com.. | $3.0B | Series D
5 ▲1 Online Subscription Based K-12 Academic Tutoring $2.5B 3 Yuanfudao | $1.2B | Series G
6 ▲144 K-12 Homework Help Platforms $2.4B 2 Zuoyebang | $1.6B | Series E
7 -- Last Mile Ecommerce Delivery $1.8B 3 Lalamove | $1.3B | Series F
8 -- Online First Courier Services $1.8B 2 J&T Express | $1.8B | Series D
9 -- Autonomous Vehicle Perception Systems $1.3B 5 Horizon Robot.. | $400M | Series C
10 ▲70 Deep Learning Processing Units $1.2B 4 Horizon Robot.. | $400M | Series C

New Analyst Picks (1/6)
Interesting Companies identified by Analysts in China Tech in May 2021
China Tech: Analyst Picks
20
Upgraded to UNICORN
WeRide (2017, Guangzhou, $200M, Series B)
Idinvest Partners, IDG Capital, and 28 other Investors
Upgraded to UNICORN
Yun Qu Na (2015, Shanghai, $70.0M, Series C)
Online marketplace for multi-channel carrier bookings
Source Capital, DCM Ventures, Sumitomo Corporation
Equity Asia and 7 other Investors
Upgraded to SOONICORN
$303K, Series B)
Meituan,QC Capital,Sequoiaand
Rokae (2015, Beijing, $14.4M, Series C)
Developer of robotic arms for the manufacturing
sector
Delian Capital, Plum Ventures, Qingkong Ginkgo
Venture Capital Management and 6 other Investors
Yuanbao (2014, Beijing, Undisclosed, Angel)
Online digital currency as a collateral based P2P
lending platform
Cherubic Ventures, Hike Capital, Cathay Capital and 4
other Investors
Lanhu (2016, Chaoyang, Undisclosed, Series B)
Cloud-based product design collaboration and
management platform
Sands River Venture,Sequoia Capital,Lightspeed China
Partnersand
Pudu Robotics (2016, Shenzhen, $15.0M, Series B)
Provider of robotic waiter for restaurants and hotels
Tencent, Sequoia Capital, and 2 other Investors
TAOS Data (2017, Chaoyang, $10.0M, Series A)
Provider of a cloud-based solution for analysis of time-
space data
Future Capital, Matrix Partners China, Sequoia and 4
other Investors
TYK Medicines (2018, Xuhui, $39.8M, Series B)
China Sea Innovation Capital, Yida China Holdings, and
4 other Investors
Kangpu (2011, Pudong, $38.9M, Series B)
Developer of small molecule drugs to treat cancer,
auto-immune, and inflammatory disease
ABC International,Sailing Capital,Shenzhen Guozhong
Venture Capital Managementand

21
Upgraded to MINICORN
BabelFinance (2018, Hong Kong, $40.0M, Series A)
Cryptocurrency-backed loans and deposit products
Sequoia Capital, Tiger Global Management, NGC and 3
other Investors
Youibot (2016, Shenzhen, Undisclosed, Seed)
Provider of commercial service robots and robotic
autonomous mobile solutions
Blue Chi venture, SIG China, Zhen Fund and 5 other
Investors
MCDEX (2019, Beijing, $7.0M, Series A)
Decentralized exchange platform for cryptocurrency
futures
OKEX, , and 19 other Investors
Hong Jing Drive (2018, Hangzhou, $15.4M, Series A)
Sky9 Capital, Delian Capital, Blue Chi venture and 7
other Investors
Carbonstop (2011, Beijing, $7.8M, Series A)
Carbon emission management solution provider
Hillhouse Capital Group,Village Capital,Matrix Partners
Chinaand
LenoMed (2014, Shanghai, $7.3M, Series B)
Developer of closed loop insulin delivery devices
Shenzhen Dongfang Fuhai Investment Management, ,
Eight Roads Ventures and 3 other Investors
Clustar (2018, Beijing, Undisclosed, Series A)
Provider of a training platform for machine learning
models
Sequoia Capital,CMB International,Shenzhen
Cornerstone Asset Managementand
Safford Decoding (2015, Beijing, Undisclosed, Series
A)
Provider of precision medicine services
TusStar, CS Capital, and 4 other Investors
Fuzhi Information Technology (2015, Shenzhen,
Undisclosed, Series A)
Provider of digital light projector technology-based
industrial 3D printers
Blue Lake Capital, Grand Yangtze Capital, C&D and 1
other Investors
Ruiyun Cold Chain (2020, Chaoyang, Undisclosed,
Seed)
Qingsong Fund, , Panlin Capital and 2 other Investors
Beijing Code Niu Technology (2013, Beijing,
$14.1M, Series B)
Provider of integrated artificial intelligence solutions
Ginkgo Capital Partners, GSR United Capital, Aurora
Private Equity and 2 other Investors
Jiangsu Jian'an Agriculture and Animal
Husbandry Supply Chain Management (2010,
Suqian, $30.0M, Series B)

22
Lingxing (2017, Nanshan, $31.3M, Series B)
Platform offering suite solution for Amazon sellers
Shunwei Capital, Eastern Bell Venture Capital, Blue
Lake Capital and 1 other Investors
Opnous (2014, Shanghai, Undisclosed, Seed)
Provider of AI-based 3D image sensors
Cobos,Glory Venturesand
Moqi Technology (2017, Beijing, $38.8M, Series B)
Provider of AI based fingerprint identification system
Sands River Ventureand
Stepone (2019, Beijing, $10.0M, Series A)
Cloud-based lead generation software solution
provider
Lightspeed China Partnersand
Zrou Movement (2020, Shanghai, $7.3M, Series A)
Platform offering plant-based meat products
TRIREC,Thibault Villetand
Anzhi Auto (2016, Suzhou, Undisclosed, Series A)
Developer of ADAS & automotive safety systems
Jiangsu Qianrong Capital Managementand
In-Driving (2016, Wuhan, Undisclosed, Seed)
Cloud-enabled platform offering open-source solutions
for autonomous driving
Added to Editor's Pick
Ronovo Surgical (2019, Shanghai, Undisclosed,
Series A)
Developer of robotic surgical instruments
Lilly Asia Ventures, GGV Capital, Matrix Partners China
and 1 other Investors
Allystar (2013, Shenzhen, Undisclosed, Series A)
TCL, CDH Investments, and 9 other Investors
SoulApp (2015, Shanghai, Unfunded)
Personality-based social networking
MFund,Genesis Capitaland
ReadMe (2020, Unfunded)
App-based book reading platform offering multi-genre
comic books

23
General Biosystems (2014, Chuzhou, Undisclosed,
Seed)
Provider of synthetic biology service platforms
LYFE Capital,,Addor Capitaland
GeneQuantum (2013, Suzhou, Undisclosed, Series C)
Sansheng Guojian Pharmaceutical,China Life
Insurance,and
Nianli (2019, Chaoyang, $8.0M, Series A)
Provider of mobile-based cloud gaming technology
based on hybrid multi-cloud
Lilith Games,5Y Capitaland
Focus & Fusion (2014, Hangzhou, Undisclosed,
Series B)
Developer of ultrasound diagnostic equipment
Orient Securities, Huagai Capital, Share Capital and 1
other Investors
SageRAN (2015, Guangzhou, Undisclosed, Seed)
Provider of 5G wireless RAN system solutions
Qualcomm Venturesand
Yidianling (2015, Hangzhou, Undisclosed, Series B)
Provider of online information and teleconsultation
platform for mental health
Bioventure,Yoyin Medicaland
Gitee (2009, Shenzhen, Undisclosed, Seed)
Provider of a cloud-based open-source platform for
source code management
Baiduand
Nanjing Shurui Data Technology (2017, ,
Undisclosed, Series B)
No-code application development platform
Sequoia,Yunqi Partnersand
Yuanbao Insurance Broker (2020, Chaoyang,
Unfunded)
Online health insurance comparison platform for
individuals
Qiming Venture Partners,Cathay Innovationand
Solv Protocol (2021, , $1.0M, Seed)
AXIA8, Krypital Group, Maple Leaf Capital and 4 other
Investors
Hefei Weina Sensing Technology (2015, Hefei,
Undisclosed, Series A)
Developer of microelectromechanical system-based
sensors for environmental applications
Huami, Hefei High-tech Venture Capital Management
Partnership, Huaying Investment and 3 other Investors
Shenzhen Orange Electronics Technology
(2020, Shenzhen, $1.5M, Seed)
Offers AI-enabled smart vending machine for hotels

24
4DBIM (2018, Haidian, Undisclosed, Series A)
Cloud-based building information modeling software
for construction professionals
Homo Smart (2020, Nanjing, Unfunded)
Provider of an intelligent computing chip that enables
AI calculations
IMO Venturesand
Hangzhou Guiling Medical Devices (2017,
Hangzhou, Undisclosed, Series A)
Developer of wound healing products
GP Capitaland
Beijing Youyou Growth Technology (2020,
Haidian, $1.5M, Angel)
Online platform providing mathematics-related
learning solutions
Tuotuo Digital Technology (2020, Haidian, $1.5M,
Seed)
Online lending platform for cross-border trades
Star Han Capitaland
Tanze (2017, Huangpu, Undisclosed, Seed)
Provider security orchestration and automation
solutions
Qimeng Technology (2018, Shanghai, Undisclosed,
Series A)
SaaS-based marketing solution for financial institutions
Koalafundand
Hainan Susheng Biotechnology (1996, Haikou,
Undisclosed, Seed)
Developer of therapeutic devices for orthopedic
disorders
BORAYER (2020, Nanchang, Unfunded)
Developer of biomaterial for surgery and wound repair
Bioventureand
Guangdong Haotai Technology Group (1998,
Guangzhou, Unfunded)
Provider of diversified smart home products
HarmonyOS (2019, Shenzhen, Unfunded)
Provider of operating system software for connected
devices
HippoAD (2010, Shanghai, Unfunded)
AI-based platform offering solutions for marketing
optimization

25
RIB (1961, Guangzhou, Unfunded)
Cloud-based 5D BIM software for construction
professionals
NeckRelax (2020, Hong Kong, Unfunded)
Provider of a device for a neck massage
Grace Biopharmaceutical (2017, Dongcheng,
Unfunded)
Developer of a drug for HPV infection
Coworkshop (2001, Hong Kong, Unfunded)
Data loss prevention solutions provider

IPO Date Company IPO Mcap Exchange Ticker
18 May 2021
Zhongbi Energy Technology (2001, Dalian, )
Manufacturer of lithium batteries for multi-category electric-
vehicles
LON:0A98
IPOs
List of IPOs in China Tech in May 2021
China Tech: IPOs
26

Acquisitions
List of Acquisitions in China Tech in May 2021
China Tech: Acquisitions
27
Acq. Date Company Acquirer Deal Size
06 May 2021
Holla(2016, Beijing)
Mobile application for video chat with strangers
24 May 2021
JOYONWAY(2015, Shenzhen)
Provider of smart toilets spa controller systems
Helios Technologies

Recent News (1/2)
Recent News in China Tech in May 2021
China Tech:News
28
Exit News
.
● Mobvista wholly-owned acquisition of Hot Cloud Data 36Kr
.
● China – Recruitment Platform Kanzhun Files For $100 Million Us IPO Staffing
Industry Analysts
.
● Chinese trucking startup may file for $30B IPO this week Breaking The News
.
● China online education player Zhangmen targets US listing Asian Venture Capital
Journal
.
● GDS reportedly mulling acquisition of GLP’s data centers business for as much
as $10bn DCD
.
● Cloud computing service provider Qiniu Cloud applies for U.S. IPO 36Kr
.
● Helios Technologies to acquire the assets of Joyonway Evertiq
.
● Investor Social Network Snowball Finance Weighs $300M IPO PYMNTS.com
.
People News
.
● ByteDance founder to step down as chief executive The Irish Times
.
● TikTok appoints Singaporean as new CEO ZDNet
● Shanghai Mange Technology Xinli builds an executive team Business Wire
.
● Huawei consumer tech tzar Richard Yu appointed smart-car CEO The Business
Times
.
● Lenovo Appoints New Head of Consumer Business in India Adgully
.
● Lenovo appoints Shailendra Katyal as MD, Lenovo PCSD India & Site Leader
Adgully
.
● Lenovo ISG taps IBM talent to lead APAC high performance computing and AI
business ARN
.
Company News
.
● Akeso's Penpulimab Monoclonal Antibody Submitted BLA in the United States
PR Newswire
.
● Jacobio Announces FDA Approves IND Application to Develop KRAS G12C
Inhibitorpipelinereview.com
.
● Jacobio Announces FDA Approves IND Application to Develop KRAS G12C
InhibitorPR Newswire
.
Regulatory News
.

Recent News (2/2)
Recent News in China Tech in May 2021
China Tech:News
29
● Beijing slaps fines on tutoring apps backed by Tencent, Alibaba The Business Times
.
● China warns ByteDance, Microsoft over illegal data collection Breaking The News
.
● Tencent gaming unit to pay US$92.2m in US patent trial The Business Times
.
● India blocks Huawei and ZTE for 5G trials DigiAnalysys
.
● after Alibaba, Beijing launches an investigation against Meituan FrenchWeb
.
● Food delivery platform Ele.me fined for misleading pricing KrASIA

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Tracxn - Geo - China Tech - May 2021

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