Tracxn - Geo Monthly Report - China Tech - Mar 2022

TRACXN MONTHLY REPORT
MARCH 2022
CHINA TECH

China Tech - March 2022 Copyright © 2022, Tracxn Technologies 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 23
Acquisitions 24
Recent News 25

China Tech Snapshot – March 2022
China Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$2.0B
69 7
Overall Geo Stats
20
4
212
40
93
Funding Rounds $ Invested Analyst Picks
AiBee Upgraded to
UNICORN
New Investors
First Plus
Sinopharm
Series A+ rounds Active Investors IPOs
RC365
Ruike
Acquisitions
SendCloud
Krunch
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Beijing
(18 Rounds, $333M)
Shanghai
(15 Rounds, $450M)
Haidian
(11 Rounds, $31.7M)
Shenzhen
(8 Rounds, $205M)
$403M - Series D
GAC NE (2017, Guangzhou, $403M)
$157M - Series E
ZongMu Technology (2013, Shanghai,
$382M)
$100M - Series C
BigSeller (2001, Longgang, $100M)
$100M - Series C
Dianxiaomi (2014, Beijing, $144M)
Sequoia Capital
(5 Investments)
Tiger Global Management
(4 Investments)
Gaorong Capital
(4 Investments)
Sequoia China
(4 Investments)
Electric Vehicles
GAC NE
E-Commerce Enablers
BigSeller
Smart Homes
Kaadas
Autonomous Vehicles
ZongMu Technology
Market Size
Companies Covered 28,948
Funded Companies 12,763
Total Funding $439B
Funding in last 12 months $39.1B
Top Exits
IPOs 469
Acquisitions 475
Company Stage
Unicorns 142
Soonicorns 602
Minicorns 1,003
Editor Picks 3,859
Series A+ 5,835
Series C+ 1,209
Acqui-Hires 2
Deadpooled 4,212
Top Cities
Beijing (5,392 Rounds, $127B)
Shanghai (3,134 Rounds, $76.8B)
Top Investors
Sequoia Capital (399 Investments)
Matrix Partners China (313
Investments)

Investment Snapshot
Investment Snapshot of China Tech as of March 2022
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
GAC NE
(2017, Guangzhou, $403M)
$403M - Series D
Kaadas
(2009, Shenzhen, $94.0M)
$188M - Series C Asia Investment Fund
ZongMu Technology
(2013, Shanghai, $383M)
$157M - Series E China Cinda
BigSeller
(2001, Longgang, $100M)
$100M - Series C Tiger Global Management
Dianxiaomi
(2014, Beijing, $144M)
$100M - Series C Tiger Global Management
DataGrand
(2015, Shanghai, $164M)
$91.8M - Series C e
Hex Trust
(2018, Hong Kong, $104M)
$88.0M - Series B Liberty City Ventures
supOS
(2011, Ningbo, $78.7M)
$78.7M - Series C SB China Capital
Shanghai Smartee Denti-
Technology
(2004, Shanghai, $86.2M)
$78.6M - Series D
Taikang Investment
Management
Micro Connect
(2021, Hong Kong, $120M)
$70.0M - Series B Li Ka-shing
Nreal
(2017, Beijing, $231M)
$60.0M - Series C Alibaba Group
*Shows only the lead Investors

List of Funding Rounds (1/11)
List of Funding Rounds in China Tech in March 2022
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
$15.7M - Series C
iMotion (2016, Suzhou, $30.2M)
Developer of AI-enabled autonomous driving and
automotive solutions
China Merchants Qihang, Xunfei, , iFLYTEK,
LATE STAGE
$41.5M - Series D
TenNor Therapeutics (2013, Suzhou, $66.5M)
Developer of small molecule therapeutics for GI tract
infections
, Yuanhe Holdings, Yanchuang Capital, Shenzhen
Gaotejia Investment Group
LATE STAGE
$47.0M - Series E
ThreatBook (2015, Beijing, $210.7M)
Provider of cloud and AI-based open-source software
for cybersecurity
CDH Investments, Wise Road Capital
LATE STAGE
$47.1M - Series D
Moan Technology (2016, Hangzhou, $95.2M)
Cloud based security solution to protect cloud
infrastructure
Boyu Capital, CICC Capital
LATE STAGE
$60.0M - Series C
Nreal (2017, Beijing, $231.0M)
Provider of mixed reality glasses for consumers
Alibaba Group
LATE STAGE
$78.6M - Series D
Shanghai Smartee Denti-Technology (2004,
Shanghai, $86.2M)
3D printing invisible orthodontic braces
Taikang Investment Management, , China Resources
Guodiao Xiamen Consumer Fund,
LATE STAGE
$78.7M - Series C
supOS (2011, Ningbo, $78.7M)
Provides operating system for IoT devices
SB China Capital
LATE STAGE
$91.8M - Series C
DataGrand (2015, Shanghai, $163.7M)
Big data-powered content recommendation platform
e, Shenzhen Capital Group, Xiang He Capital, Lenovo,
Sunshine Insurance Group, and 4 more
LATE STAGE
$94.0M - Series C
Kaadas (2009, Shenzhen, $94.0M)
Manufacturer of AI-based smart locks
Shenzhen Cornerstone Asset Management, Morgan
Stanley, AIIB, Cowin Capital

6
LATE STAGE
$94.0M - Series C
Kaadas (1999, Shenzhen, $94.0M)
Manufacturer of smart locks
Asia Investment Fund, Cowin Capital, Shenzhen
Cornerstone Asset Management, Ejam Investment,
Morgan Stanley
LATE STAGE
$100.0M - Series C
Dianxiaomi (2014, Beijing, $144.3M)
Provider of cross-border solution for ecommerce
sellers
Tiger Global Management, China Renaissance Group,
CDH Investments, Gaorong Capital, GGV Capital
LATE STAGE
$100.0M - Series C
BigSeller (2001, Longgang, $100.0M)
Platform offering multi-channel management solution
for online businesses
CDH Investments, Gaorong Capital, GGV Capital
LATE STAGE
$157.1M - Series E
ZongMu Technology (2013, Shanghai, $382.5M)
Developer of ADAS solutions
Caitong Capital, Taiyou Fund, Zeal Capital Partners,
Fellow Partners, Sunic Capital, and 2 more
LATE STAGE
$403.1M - Series D
GAC NE (2017, Guangzhou, $403.1M)
Manufacturer of smart electric cars
, Guangzhou Jinkong Fund Management, , , China
Chengtong
LATE STAGE
Series C
Vertilite (2015, Changzhou)
Provider of high power and high speed VCSEL (vertical-
cavity surface-emitting laser) solutions
Dajiang Innovation Technology
LATE STAGE
Series C
Shandong Yingsheng Biotechnology (2009,
Jinan, $14.5M)
Provider of diagnostic kits and services
CICC Capital, Far East Horizon, HM Capital, Taihei
Medical Care Health, Jingming Capital, and 4 more

7
LATE STAGE
Series C
Igenesis (2015, Shanghai, $13.0M)
Provider of automated PCR analysis platfrom
Morningside Group, Shenzhen Qianhai Bangqin
Investment, Mountain Blue Capital, Chengdu Kanghua
Biological Products, Silicon Harbour Capital
LATE STAGE
Series D
Impact Therapeutics (2009, Nanjing, $90.0M)
Small molecule inhibitors of proteins involved in cancer
CCBT, Dingxin Capital, Hualing Capital, Exome Asset
Management, Lilly Asia Ventures, and 3 more
LATE STAGE
Series D
RobotPhoenix (2012, Jinan, $14.2M)
Developer of robotic solutions for industrial
applications
Primavera Capital Group, Qingkong Ginkgo Venture
Capital Management, China Broadband Capital
LATE STAGE
Series C
Shenzhen Youdi Technology (2013, Shenzhen,
$31.1M)
Provider of intelligent service robots for multi-industry
applications
BTG Homeinns
EARLY STAGE
$6.0M - Series A
KICKSCREW (2008, Tsuen Wan, $6.0M)
Online retailer offering sneakers for men and women
Gobi Partners, Pacific Century Group, Yingke
EARLY STAGE
$7.9M - Series A
Shanghai Bluewall Network Technology (2019,
Shanghai, $7.9M)
Cloud-based project management software for
construction professionals
Hearst Ventures, Xiaomiao Langcheng, GGV Capital
EARLY STAGE
$10.0M - Series A
ShopAstro (2021, Hangzhou, $10.0M)
Provider of SaaS-based software suite solutions for
cross-border e-commerce sellers
Hillhouse Ventures, Blue Lake Capital
EARLY STAGE
$15.7M - Series A
Skysolidiss (2017, Shenzhen, $15.7M)
Platform offering micro data centers for enterprises

8
EARLY STAGE
$15.7M - Series A
Publink Zhonglian Chengye Technology (2017,
Beijing, $20.0M)
Cloud based platform offering after sales service
management solution
Tiger Global Management, Sequoia Capital
EARLY STAGE
$15.7M - Series A
Anhui Easpeed Technology (2016, Hefei, $30.8M)
Provides aerial imaging technology
Dingyuan Capital
EARLY STAGE
$15.7M - Series B
Fosafer (2015, Beijing, $15.7M)
Multi factor identity authentication system
CR Capital Management, Zhongguancun Science City
EARLY STAGE
$15.7M - Series A
Shanghai Tengfu Medical Technology (2020,
Minhang, $15.7M)
Developer of interventional devices for pulmonary
embolism
Orbimed, Tianjin TEDA Science and Technology
Investment
EARLY STAGE
$15.7M - Series A
Deep Vision Technology (2017, Beijing, $15.7M)
Manufacturer of visual inspection systems for multiple
applications
General Technology Venture Capital, Huiyou Capital,
Zhongguancun Development Qihang Investment,
Qualcomm Ventures
EARLY STAGE
$15.7M - Series A
Weishengkang Medical Technology (2020,
Suzhou, $15.7M)
Developer of respiratory devices for respiratory care
and patient monitoring
REDHILL CAPITAL, SDIC Chuanghe Fund Management
EARLY STAGE
$15.7M - Series B
Public Interest Technology (2014, Beijing, $21.0M)
Provider of a cloud-based panoramic virtual tour
creation platform
SIG China, Meridian Capital China

9
EARLY STAGE
$15.8M - Series A
iyouke.com (2018, Jinan, $15.8M)
Platform offering omnichannel marketing solutions
IDG Capital, Lenovo Capital and Incubator Group,
Hillhouse
EARLY STAGE
$15.8M - Series B
Chu Hang Technology (2018, Nanjing, $15.8M)
Provider of radar-based sensor systems for
autonomous vehicles
China Creation Ventures, Xiamen Semiconductor,
Anjuke
EARLY STAGE
$15.8M - Series B
Xisoft Technology (2018, Yangpu, $31.5M)
Provider of software solutions for hospital
administration management
Taikang Insurance Group, Gaorong Capital, Sequoia
China, Langma Feng Venture Capital
EARLY STAGE
$15.8M - Series A
Beijing Future Zhian Technology (2020, Haidian,
$15.8M)
Provider of threat detection solutions
Legend Capital, Taiyue Wutong Capital, Sequoia China
EARLY STAGE
$15.8M - Series B
Lingxi AR (2014, Haidian, $15.8M)
Developer of lenses for AR displays
Tianjin Venture Capital, SDIC
EARLY STAGE
$23.7M - Series B
Zhoupu Data (2015, Beijing, $39.2M)
Provider of AI & cloud-driven suite of supply chain
management solution
SoftBank Ventures Asia, Frees Fund, Zeng Ming
EARLY STAGE
$40.0M - Series B
Yisheng Biopharma (2002, Beijing, $170.0M)
Developer of vaccines and therapeutics for infectious
diseases and cancers
Cambridge Capital
EARLY STAGE
$40.0M - Series A
NUTSEHLL (2009, Huangpu, $60.0M)
Provider of small molecules that target a range of
protein families in cancer
Genesis Capital, hengxu capital, Northern Light Venture
Capital, Matrix Partners China, Source Code Capital,
and 1 more
EARLY STAGE
$50.0M - Series B
Inxmed (2018, Shanghai, $69.0M)
Developer of treatments for drug resistance and
metastases in solid tumors
Chende Capital, SDIC, AIHC Fund, , Ennovation
Ventures

10
EARLY STAGE
$50.0M - Series B
AI Rudder (2019, Shanghai, $60.0M)
Cloud based platform offering conversational bots
Tiger Global Management, Coatue, Cathay Innovation,
First Plus, Ventures Lab, and 2 more
EARLY STAGE
$70.0M - Series B
Micro Connect (2021, Hong Kong, $120.0M)
Online investment platform for micro and small
businesses
Sequoia China, Li Ka-shing, Adrian Cheng
EARLY STAGE
$88.0M - Series B
Hex Trust (2018, Hong Kong, $104.0M)
Custodian service for digital assets
Liberty City Ventures, Animocabrands, Terra, Ripple,
Morgan Creek Capital Management, and 4 more
EARLY STAGE
Series A
Beijing Concept (2018, Haidian)
Cloud based data security and encryption solution
provider
Fangguang Capital, Security Capital
EARLY STAGE
Series B
DataMesh (2014, Beijing)
Provider of augmented reality-based content creation
tools
SIG China, Singtel, Innov8
EARLY STAGE
Series B
Beijing Qingwei Intelligent Technology (2006,
Haidian)
Provider of AI chips for voice-based and machine vision
applications
,
EARLY STAGE
Series B
Beijing Xiping Technology (2019, Chaoyang)
IoT based advertising platform
Alibaba Group, Harvest Capital, DT Capital Partners,
Zhen Cheng Capital, Qingsong Fund, and 1 more
EARLY STAGE
Series A
VIWOR Network (2014, Chaoyang)
PIM tools for e-tailers
Wild Grass Ventures
EARLY STAGE
Series A
Comma Internet Technology (2015, Nanshan)
Provider of web-based wearable technology for
warehouse automation
Lenovo, Shenzhen SME Credit Financing Guarantee
Group

11
EARLY STAGE
Series B
CytoNiche (2018, Haidian)
Developers of 3D cell high-throughput drug screening
products using stem cells
Gaorong Capital, Sinovac, 3E BioVentures, Sinopharm,
DT Capital Partners, and 4 more
EARLY STAGE
Series A
LigaAI (2020, Shenzhen)
Cloud based platform offering enterprise collaboration
software
Eminence Ventures
EARLY STAGE
Series B
Tooth collar (2017, Nanshan, $20.0M)
Provider of AI and cloud-based diagnosis tools for
dentists
EARLY STAGE
Series A
Keyfunc (2021, Pudong)
Cloud-based suite solutions for digital transaction
management
Gobi Partners, Yonyou
EARLY STAGE
Series A
Beijing Momentary Intelligent Technology
(2017, Haidian)
Provider of an AI-based sorting system for
manufacturing applications
SIG China
EARLY STAGE
Series B
HoloMatic (2017, Beijing)
AI-enabled platform offering autonomous driving
solutions for cars
GAC Capital
EARLY STAGE
Series B
Mooe Robot (2016, Shanghai, $2.0M)
Provider of AI-enabled robots for warehouse logistics
automation
BlueRun Ventures, Chen Tao Capital
EARLY STAGE
Series A
Mega Phase Technology (2020, Shanghai)
Manufacturer of structured light technology-based 3D
cameras
Northern Light Venture Capital
EARLY STAGE
Series A
Cloudpick (2017, Shanghai, $6.5M)
Platform offering suite of software solutions to offline
retailers
Epson X Investment Corporation, Global Brain, CVC
Capital Partners, UB Ventures

12
EARLY STAGE
Series A
Zixing Artificial Intelligence (2015, Changsha)
AI-based chromosome analysis tool for providers
EARLY STAGE
Series A
Xinlueshuzhi (2020, Haidian, $15.8M)
Cloud based platform offering customer segmentation
solutions
GL Ventures, Sequoia China, Vision Plus Capital
EARLY STAGE
Series B
Enkris Semiconductor (2013, Suzhou)
Developer of GaN epi-wafers
Goertek, Communist Youth League, Hillhouse, Huiyou
Capital, Yuanhe Holdings, and 6 more
EARLY STAGE
Series A
Shenzhen Huiniu Technology (2017, Shenzhen)
Developer of AR/VR display module
, Zelos Venture Partners
EARLY STAGE
Series A
Fujian Duoduoyun Technology (2015, Fuzhou)
Provider of cloud gaming platform
Zhen Cheng Capital
EARLY STAGE
Series A
Ninetech (2020, )
Cloud-based platform for robotic process automation
Qingsong Fund, GSR Ventures
EARLY STAGE
Series A
DragonTesting (2015, Suzhou)
Platform offering automated testing software
Zhejiang University
EARLY STAGE
Series A
Zhongbo Ruikang (2013, Beijing)
Provider of diversified services
Grand Flight Investment, CHUANGXIN
EARLY STAGE
Series A
aiXcoder (2017, Beijing)
Platform offering AI-based programming assistant
software
Hillhouse
EARLY STAGE
Series B
AiBee (2017, Haidian, $175.4M)
Provider of voice recognition, language understanding,
and data analysis services
Xiaomi, China Merchants Fund Management

13
EARLY STAGE
Series A
Points (2017, Chaoyang, $9.5M)
Blockchain-based credit data marketplace
4Paradigm, Shenzhen Capital Group
SEED STAGE
$1.3M - Seed
JiPay (2021, Hong Kong, $1.3M)
Prepaid expense management card for domestic
workers
East Ventures, , Manila Angel Investors Network,
Shivaas Gulati
SEED STAGE
$1.6M - Seed
Wuxi Si-Power Micro-electronics (2003, Wuxi,
$1.6M)
Provider of mixed-signal SoCs for audio and video
applications
Addor Capital
SEED STAGE
$1.6M - Angel
GigaCeuticals (2018, Changping, $1.6M)
AI enabled platform for drug discovery
Sangel Capital
SEED STAGE
$1.6M - Seed
Speediance (2020, Shenzhen, $1.6M)
Provider of smart exercising equipment
Frees Fund
SEED STAGE
$1.6M - Seed
Guangzhou Smart Intelligent Technology (2017,
Guangzhou, $1.6M)
Manufacturer of multiple robotic end-effectors for
industrial robots
Guangdong Cultural Investment
SEED STAGE
$2.5M - Seed
MetaDerby (2021, Shanghai, $2.5M)
NFT-based trading platform for horse racing games
Old Fashion Research
SEED STAGE
$3.9M - Seed
Finblox (2021, Hong Kong, $3.9M)
App-based platform for trading in cryptocurrency
Dragonfly Capital, Saison Capital, Sequoia Capital
SEED STAGE
$12.0M - Seed
EthSign (2021, Shanghai, $12.7M)
Cloud based software for electronic signature
Sequoia Capital, Mirana, Amber Group, Hack VC, Circle
Ventures, and 2 more

14
SEED STAGE
Angel
China Tax Network Holdings Co (2003, Beijing)
Cloud-based accounting and invoice management
solutions for businesses
Albatross Venture
SEED STAGE
Angel
Semisight (2020, Shanghai)
Provider of an integrated circuit simulator tool
Huiyou Capital, Plum Ventures
SEED STAGE
Seed
Beijing Weilan New Energy Technology (2016,
Beijing)
Developer of solid-state lithium batteries
Xiaomi, Huawei
SEED STAGE
Seed
Hooenergy (2016, Futian)
Charging solutions for electric vehicles
Haier Capital
SEED STAGE
Angel
Beijing CyberLink Technology Co (2019, Haidian)
Cloud-based platform for production analysis
SEED STAGE
Angel
Tianyancha (2014, Beijing, $22.9M)
Data provider of IP rights, trademarks and financing
history of various companies in China
Dark Horse Investment, Zhao Bin
SEED STAGE
Seed
FlowUs (2021, Beijing)
Cloud-based platform for document collaboration
In Capital, Volcano Capital, IDG Capital
SEED STAGE
Angel
Blue Pulse (2018, Beijing)
Provider of a cloud and AI-enabled speech-to-text
platform
Eminence Ventures
SEED STAGE
Seed
Xinling Medical Technology (Shenzhen) Co
(2020, Shenzhen)
Developer of formulation platform for transdermal
patches and oral films
FUHO Capital Management

15
SEED STAGE
Seed
Denglin Technology (2017, Shanghai)
High-performance computing processor chips provider
Qualcomm Ventures
SEED STAGE
Seed
Fabrie (2021, Shanghai)
Cloud-based platform for whiteboard collaboration
Volcanics Venture, BAI Capital, Sequoia Capital
SEED STAGE
Seed
Ezone (2021, Haidian)
Platform offering continuous application deployment
software
Shunwei Capital
SEED STAGE
Seed
Tanzhen Technology (2020, Chaoyang)
Cloud application security solutions provider
Legend Star
SEED STAGE
Angel
CSK (2016, )
Manufacturer of an AI-enabled chip for multiple
applications
SEED STAGE
Angel
Ruisong Technology (2019, Haidian)
Provider of automatic driving systems using lidar,
robot, security monitoring, and artificial intelligence
Navinfo
SEED STAGE
Seed
Genevector therapeutics (2017, Chengdu)
Developer of adeno-associated virus (AAV) gene
therapy for multiple diseases
Wuhan Donghu High-tech Group, Ming Capital

New Investors (1/2)
List of New Investors in China Tech in March 2022
China Tech: List of New Investors
16
Investor Company Info Round Amount Round Name
First Plus
1 portfolio companies | Home | First Plus
AI Rudder
$50.00M Series B
Sinopharm
2 portfolio companies | Pharmaceutical distributor
CytoNiche
Developers of 3D cell high-throughput drug screening products using
stem cells
Undisclosed Series B
Guangzhou Jinkong Fund Management
2 portfolio companies | Private equity fund focused on acquisitions
GAC NE
$403M Series D
Anjuke
1 portfolio companies | Online real estate listing platform
Chu Hang Technology
Provider of radar-based sensor systems for autonomous vehicles
$15.81M Series B
Goertek
7 portfolio companies | Manufacturer of consumer electronic products
Enkris Semiconductor
Hualing Capital
2 portfolio companies | Private equity firm focused on life science sector
Impact Therapeutics
Undisclosed Series D
AIIB
4 portfolio companies | Development bank and infrastructure fund focused on
social infrastructure investments
Kaadas
Manufacturer of AI-based smart locks
$94.00M Series C
gzli.com
1 portfolio companies |
GAC NE
$403M Series D
hosencare.com
Inxmed
Developer of treatments for drug resistance and metastases in solid
tumors
$50.00M Series B
Huiyou Capital
2 portfolio companies | Investment consulting firm

New Investors (2/2)
List of New Investors in China Tech in March 2022
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
Fellow Partners
1 portfolio companies | Corporate advisory firm focused on multiple sectors
ZongMu Technology
Developer of ADAS solutions
$157M Series E
hengxu capital
NUTSEHLL
Provider of small molecules that target a range of protein families in
cancer
$40.00M Series A
Unlimited Fund
AIHC Fund
1 portfolio companies | InxMed Raised $50 million in Series B Financing to
Advance Innovative Therapies to Drug-resistance Cancers
Inxmed
Developer of treatments for drug resistance and metastases in solid
tumors
$50.00M Series B
Bestride
1 portfolio companies | Impact Therapeutics Announces Completion of Series D1
Financing
Impact Therapeutics
Undisclosed Series D
Huiyou Capital
Semisight
Provider of an integrated circuit simulator tool
Undisclosed Angel
Zelos Venture Partners
1 portfolio companies | Venture capital firm focused on fintech, smartech, and
greentech sectors
Shenzhen Huiniu Technology
Developer of AR/VR display module
Undisclosed Series A
Dark Horse Investment
1 portfolio companies | Angel Network for Hong Kong based companies
Tianyancha
Data provider of IP rights, trademarks and financing history of various
companies in China
Undisclosed Angel
Innov8
1 portfolio companies | Provider of managed co-working space
DataMesh
Provider of augmented reality-based content creation tools
Chengdu Kanghua Biological Products
1 portfolio companies | Developer of vaccines for respiratory disease and rabies
infection
Igenesis
Provider of automated PCR analysis platfrom
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 ▲9 Automotive SoC $1.9B 7 Horizon Robot.. | $1.5B | Series C
2 ▲10 Autonomous Cars $1.7B 20 Momenta | $500M | Series C
3 ▼-1 Electric Car Manufacturers $1.5B 6 Leap Motor | $694M | Series C
4 <> 0 Drugs for Multiple Cancer Types $1.1B 45 IASO BIO | $108M | Series C
5 ▲6 SoC IoT $831M 9 Unisoc | $815M | Series E
6 ▲2 Car Ride Hailing $589M 1 Cao Cao Car | $589M | Series B
7 ▲314 Vacuum Cleaning Robots $536M 1 Dreame | $536M | Series C
8 ▲418 LiDAR $529M 10 Hesai Technol.. | $300M | Series D
9 ▲143 Value Based Chronic Care Management $514M 1 Medlinker | $514M | Series E
10 -- Non Hybrid Flying Cars $500M 1 Xiaopeng Huit.. | $500M | Series A

New Analyst Picks (1/4)
Interesting Companies identified by Analysts in China Tech in March 2022
China Tech: Analyst Picks
19
Upgraded to UNICORN
AiBee (2017, Haidian, $60.0M, Series A)
Provider of voice recognition, language understanding,
and data analysis services
Xiaomi, China Merchants Fund Management, ClearVue
Partners and 17 other Investors
Upgraded to SOONICORN
ThreatBook (2015, Beijing, $1.6M, Seed)
Provider of cloud and AI-based open-source software
for cybersecurity
CDH Investments, Wise Road Capital, V Fund and 8
other Investors
Moan Technology (2016, Hangzhou, Undisclosed,
Series A)
Cloud based security solution to protect cloud
infrastructure
CICC Capital, Boyu Capital, Yunfeng Capital and 8 other
Investors
AI Rudder (2019, Shanghai, $10.0M, Series A)
Tiger Global Management, Coatue, Cathay Innovation
and 8 other Investors
BigSeller (2001, Longgang, $100M, Series C)
Platform offering multi-channel management solution
for online businesses
Upgraded to MINICORN
EthSign (2021, Shanghai, $650K, Seed)
Cloud based software for electronic signature
Sequoia Capital, Mirana, Amber Group and 13 other
Investors
Chu Hang Technology (2018, Nanjing, Undisclosed,
Series A)
Provider of radar-based sensor systems for
autonomous vehicles
China Creation Ventures, Xiamen Semiconductor,
Anjuke and 2 other Investors
Beijing Future Zhian Technology (2020, Haidian,
Undisclosed, Seed)
Provider of threat detection solutions
Legend Capital, Taiyue Wutong Capital, Sequoia China
and 1 other Investors
Xinlueshuzhi (2020, Haidian, Undisclosed, Angel)
Cloud based platform offering customer segmentation
solutions
Sequoia China, GL Ventures, Vision Plus Capital and 3
other Investors

20
Deep Vision Technology (2017, Beijing, $15.7M,
Series A)
Manufacturer of visual inspection systems for multiple
applications
General Technology Venture Capital, Qualcomm
Ventures, Huiyou Capital and 1 other Investors
LigaAI (2020, Shenzhen, Undisclosed, Seed)
Cloud based platform offering enterprise collaboration
software
Eminence Ventures,SIG Chinaand
Fosafer (2015, Beijing, $15.7M, Series B)
Multi factor identity authentication system
CR Capital Management,Zhongguancun Science
Cityand
Guangzhou Smart Intelligent Technology (2017,
Guangzhou, $1.6M, Seed)
Manufacturer of multiple robotic end-effectors for
industrial robots
Guangdong Cultural Investmentand
ShopAstro (2021, Hangzhou, Undisclosed, Seed)
Provider of SaaS-based software suite solutions for
cross-border e-commerce sellers
Hillhouse Ventures,Blue Lake Capitaland
Added to Editor's Pick
Cloudpick (2017, Shanghai, $6.5M, Seed)
Platform offering suite of software solutions to offline
retailers
Epson X Investment Corporation, Global Brain, UB
Ventures and 7 other Investors
Hong Kong 01 (2016, Hong Kong, Unfunded)
Online platform offering multi-categories news
KLKTN (2021, Hong Kong, $4.0M, Series A)
NFT-based marketplace platform offering fan
engagement solutions
Dapper Labs, Joi Ito, Katsunori Sago and 4 other
Investors
KICKSCREW (2008, Tsuen Wan, $6.0M, Series A)
Online retailer offering sneakers for men and women
Gobi Partners,Pacific Century Group,Yingkeand

21
Sing Sharp App (2013, Hong Kong, Unfunded)
AI and app-based platform offering learning solutions
on singing
MojiPop (2018, Hong Kong, Unfunded)
App-based photo editing platform
Betta Games (2011, Haidian, Unfunded)
Mobile game developer focusing on casual games
K2VC,Puhua Capital,Cherubic Venturesand
Synchrony (2021, Hong Kong, $4.2M, Series A)
AI-enabled decentralized asset management solutions
Sanctor, Wintermute, GBV Capital and 3 other
Investors
Beijing Meng Chongzhiyuan Information
Technology (2016, Haidian, $5.0M, Series A)
Online store selling pet supplies
Lightspeed China Partners, LB Investment, Beijing
Zhonghai Investment Management and 1 other
Investors
Coffee Exchange (2018, Shanghai, Undisclosed,
Seed)
Online B2B coffee trading platform
Chinaccelerator,SOSVand
Jingpin Hi-tech (2013, Changping, Undisclosed,
Seed)
Platform offering smart vending machines
Plum Ventures,China Great Wall Technology Groupand
Tshe (2015, Xiamen, Undisclosed, Seed)
Online platform to order custom designed t-shirts
Frees Fund,IDG Capitaland
Kcash (2017, Beijing, $1.6M, Seed)
Multicurrency wallet
Huobiand
PowerArena (2017, Hong Kong, Unfunded)
Provider of real-time AI-based video analysis systems
Garage+,SparkLabs Taipei,Global Accelerator
Academyand
Westmoney (2020, Shanghai, Unfunded)
App-based platform for investments in stocks
Mega Phase Technology (2020, Shanghai,
Undisclosed, Series A)
Manufacturer of structured light technology-based 3D
cameras
Northern Light Venture Capitaland

22
Beijing Anfubao Technology (2016, Beijing,
$1.6M, Seed)
Insurance comparison platform
Beijing Weiding Daqian Investment Developmentand
Hezhuo Biotechnology (2016, Shanghai,
Undisclosed, Series A)
Provider of cell biology testing services
CICC Capitaland
Midea (2014, Tianhe, $2.9M, Seed)
Provider of suite solution for beauty industries
Meituand
Youban (2016, Shanghai, $2.4M, Angel)
Online B2B platform for ordering building supplies
Beijing CyberLink Technology Co (2019, Haidian,
Undisclosed, Angel)
Cloud-based platform for production analysis
Xinling Medical Technology (Shenzhen) Co
(2020, Shenzhen, Undisclosed, Seed)
Developer of formulation platform for transdermal
patches and oral films
FUHO Capital Managementand
Shenzhen Prostone Medical Equipment (2020,
Shenzhen, Unfunded)
Developer of robotic devices for surgical procedures
SOSVand
Hangzhou Sikan Technology (2015, Hangzhou,
Unfunded)
Provider of 3D scanning equipment for multiple
business verticals
Rushan Capitaland
G-NiiB (2020, Hong Kong, Unfunded)
Developer of microbiome-based diagnostics and
treatments for multiple diseases
YOBYBO (2019, Shenzhen, Unfunded)
Internet first brand offering audio devices

IPO Date Company IPO Mcap Exchange Ticker
23 Mar 2022
RC365 (2013, Hong Kong, )
Payment gateway solutions for businesses
$7.3M LON:RCGH
31 Mar 2022
Ruike (2019, Taizhou, $172M)
Developer of vaccines to prevent infectious disease
$1.5B HKG:2179
22 Mar 2022
OBiO Technology (2013, Shanghai, $87.1M)
Provider of viral based gene therapy CRO services
SHA:688238
10 Mar 2022
NIO (2014, Shanghai, $1.1B)
Developer of AI-enabled electric cars
HKG:9866
17 Mar 2022
DeepGlint (2013, Haidian, $5.0M)
Computer vision for security and business analysis
SHA:688207
23 Mar 2022
09WOMEN (2003, yangju, )
Online retailer offering multi-category fashion products
$0.1B KRX:366030
18 Mar 2022
KTC (1995, Shenzhen, )
Manufacturer of AI-powered diversified flat panel displays
$3.1B SZSE:1308
IPOs
List of IPOs in China Tech in March 2022
China Tech: IPOs
23

Acquisitions
List of Acquisitions in China Tech in March 2022
China Tech: Acquisitions
24
Acq. Date Company Acquirer Deal Size
01 Mar 2022
SendCloud(2013, Wuhan)
Cloud-based platform for unified email
Aurora
18 Mar 2022
Krunch(2018, Hong Kong)
Solutions for analyzing developer community discussions
Mobile Streams $1.0M
18 Mar 2022
Pano Video(2019, Hangzhou, $3.5M)
Video communication solutions provider
DingTalk
21 Mar 2022
HIPA(2019, Wuhan, $1.1M)
No-code application development platform
Bytedance

Recent News (1/2)
Recent News in China Tech in March 2022
China Tech:News
25
Exit News
.
● London Stock Exchange to buy TORA for $325 million The Star Online
.
● Hong Kong Tycoon's FWD Files for Hong Kong IPO Caixin Global
.
● Chinese EV maker Nio completes fast-path Hong Kong stock debut without
raising new fundsCNBC
.
● Mobile Streams acquires remaining 51% stake in Telecompaper
.
● Singleron Biotechnologies Acquires Proteona GenomeWeb
.
● Midea to buy remaining stake in German robotics company Kuka 36Kr
.
● ByteDance acquires low-code company "Black Payun", founder joins Feishu
36Kr
.
● Leapmotor files for IPO in Hong Kong China Daily
.
Fund News
.
● gumi Cryptos Capital (gCC) Completed Raising a $110M Early-Stage Fund to
Invest in Blockchain StartupsBusiness Wire
● Rimini Street Appoints Proven Tech Industry Veteran Kevin Hooper as GVP and
GM of its Americas Central Region Business Wire India
.
● Zai Lab hires ex-Lilly CFO who departed after investigation found
'inappropriate' behavior Fierce Biotech
.
● UP Fintech Holding Limited Announces Director Resignations GlobeNewswire
.
● Alibaba Hunts For New SCMP Chief as CEO Moves to NFT Spinoff BloombergQuint
.
● Mode appoints former Alipay UK chief Rita Liu as CEO Finextra
.
● Thinxtra appoints Austin as CFO iTWire
.
● MioTech Recruits ex-Pinduoduo Tian Xu as Chief Operating Officer PR Newswire
.
Company News
.
● Adagene, Merck gets FDA clearance to advance ADG126/Keytruda combo in
solid tumor studySeeking Alpha
.
● Fintech startup Airwallex launches global payment services in Singapore The
Business Times

Recent News (2/2)
Recent News in China Tech in March 2022
China Tech:News
26
● US FDA declines to approve Eli Lilly and partner Innovent's lung cancer drug
Business Today
.
● Johnson & Johnson, Legend's CAR-T Carvykti enters myeloma ring with FDA
nod FiercePharma
.
● STAT+: FDA approves second CAR-T cancer therapy to treat multiple myeloma,
opening the door for greater access STAT
.
● CANbridge Pharmaceuticals CAN108 New Drug Application/Orphan Drug
Registration (NDA/ORD) for Alagille Syndrome... Business Wire
.
● Wision A.I. secures FDA nod for polyp-spotting colonoscopy tech Fierce Biotech
.
● Hong Kong biotech company plans U.S. headquarters in Northwest Arkansas
Talk Business & Politics
.
Regulatory News
.
● India slaps Rs 653-cr import duty evasion notice on Xiaomi Journey Line
.
● Huawei Said to Be Accused of Tax Evasion in India Gadgets 360
.
● China looks to overhaul tech giant Tencent payments Electronic Payments
International

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Explore more about China Tech on Tracxn Platform
China Tech: Explore more on Tracxn Platform
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