Tracxn - Monthly Report - China Tech - Oct 2021

TRACXN MONTHLY REPORT
OCTOBER 2021
CHINA TECH

China Tech - October 2021 Copyright © 2021, Tracxn Technologies 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 25
Recent News 26

China Tech Snapshot – October 2021
China Tech: Snapshot – October 2021
Note : "Investors" refers to "Institutional Investors" only
3
$3.3B
69 7
Overall Geo Stats
20
222
46
98
Funding Rounds $ Invested Analyst Picks
Aqara Upgraded to
SOONICORN
New Investors
PCCW Global
Long Rock Capital
Series A+ rounds Active Investors IPOs
Ceramic Factory
Youju Interactive
Acquisitions
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Shanghai
(15 Rounds, $846M)
Hangzhou
(13 Rounds, $212M)
Beijing
(12 Rounds, $99.5M)
Hong Kong
(8 Rounds, $64.6M)
$536M - Series C
Dreame (2020, Suzhou, $536M)
$500M - Series A
Xiaopeng Huitian (2013, Tianhe, $500M)
$300M - Series D
WM Motor (2015, Shanghai, $4.8B)
$264M - Series A
Worldwide Logistics Group (2001,
Shanghai, $264M)
Sequoia Capital
(5 Investments)
Shunwei Capital
(5 Investments)
Matrix Partners China
(5 Investments)
CDH Investments
(5 Investments)
Consumer Robotics
Dreame
Home Improvements
Aerospace Tech
Xiaopeng Huitian
Flying Cars
Market Size
Companies Covered 27,249
Funded Companies 12,343
Total Funding $434B
Funding in last 12 months $62.6B
Top Exits
IPOs 441
Acquisitions 453
Company Stage
Unicorns 166
Soonicorns 556
Minicorns 915
Editor Picks 3,645
Series A+ 5,669
Series C+ 1,161
Acqui-Hires 2
Deadpooled 3,954
Top Cities
Beijing (5,375 Rounds, $129B)
Shanghai (3,067 Rounds, $77.3B)
Top Investors
Sequoia Capital (392 Investments)
Matrix Partners China (308
Investments)

Investment Snapshot
Investment Snapshot of China Tech as of October 2021
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (October 2021)*
Dreame
(2020, Suzhou, $536M)
$536M - Series C Xiaomi
Xiaopeng Huitian
(2013, Tianhe, $500M)
$500M - Series A IDG Capital
WM Motor
(2015, Shanghai, $4.8B)
$300M - Series D PCCW Global
Worldwide Logistics Group
(2001, Shanghai, $264M)
$264M - Series A CHUANGXIN
Ruigu
(2014, Shanghai, $340M)
$250M - Series D Taikang Insurance Group
Lanhu
(2016, Chaoyang, $234M)
$157M - Series C GGV Capital
Aqara
(2014, Shenzhen, $157M)
$157M - Series B Shenzhen Capital Group
T3 Travel
(2018, Nanjing, $121M)
$121M - Series A CITIC
Guangzhou Kang Liming
Biotechnology
(2015, Guangzhou, $220M)
$87.0M - Series D Alibaba
Huakong Qinghai
Information Technology
(2018, Haidian, $77.4M)
$77.4M - Series B Lenovo
Sciwind
(2017, Hangzhou, $136M)
$70.0M - Series C Loayal Valley Capital
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in China Tech in October 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
$26.6M - Series C
Shanghai Lixin Software Technology (2020,
Shanghai, $26.6M)
Provider of a suite of EDA tools to design integrated
circuits
Cowin Capital, Zhuhai Municipal Government Portal,
Sharelink Capital, Bowei Investment, Turbo Capital, and
1 more
LATE STAGE
$31.0M - Series C
Chance Pharmaceuticals (2015, Hangzhou,
$31.0M)
Developer of transformative inhalation therapies for
pulmonology disorders
Long Rock Capital, China Merchants Securities, ,
Shenzhen Guozhong Venture Capital Management
LATE STAGE
$31.1M - Series C
Shenzhen Youdi Technology (2013, Shenzhen,
$31.1M)
Provider of intelligent service robots for multi-industry
applications
Yunfeng Capital, GP Capital, , ,
LATE STAGE
$31.3M - Series C
Jimu (2011, Wuhan, $52.1M)
Developer of driving assistance solutions using
computer vision technology
China Everbright, UMC Capital, AVIC INTERNATIONAL,
SDIC
LATE STAGE
$31.3M - Series C
Nanjing Suning Information Technology (2013,
Nanjing, $52.0M)
Cyber range and network security solutions provider
Addor Capital, Balancing Capital, Nanjing Gaoke
LATE STAGE
$41.6M - Series C
Laihua (2015, Nanshan, $81.8M)
Video creation platform
CDH Investments,
LATE STAGE
$50.0M - Series D
Xiantong Pharmaceutical (2004, Beijing, $99.5M)
Developer of radiopharmaceuticals for the diagnosis of
tumors, neurodegenerative diseases and
cardiovascular diseases.
Deyi Capital, Centurium Capital
LATE STAGE
$64.2M - Series C
Heyuan Biotechnology (2018, Chaoyang, $78.7M)
Developer of immune cell therapy drugs
CICC

6
LATE STAGE
$70.0M - Series C
Sciwind (2017, Hangzhou, $136.0M)
Developer of therapies for treating critical metabolic
diseases
Loayal Valley Capital, IDG Capital, LYFE Capital
LATE STAGE
$87.0M - Series D
Guangzhou Kang Liming Biotechnology (2015,
Guangzhou, $219.7M)
Provider of cancer detection kits
Alibaba, ABC International, Shenzhen Cornerstone
Asset Management, IDG Capital, , and 1 more
LATE STAGE
$156.6M - Series C
Lanhu (2016, Chaoyang, $234.3M)
Cloud-based product design collaboration and
management platform
GGV Capital, Sequoia Capital
LATE STAGE
$250.0M - Series D
Ruigu (2014, Shanghai, $340.2M)
Online supplier of MRO tools and supplies
Primavera Capital Group, CDH Investments, Taikang
Insurance Group, GLP, Source Code Capital, and 2 more
LATE STAGE
$300.0M - Series D
WM Motor (2015, Shanghai, $4.8B)
Developer of AI-enabled electric cars
PCCW Global, Shun Tak Holdings
LATE STAGE
$536.0M - Series C
Dreame (2020, Suzhou, $536.0M)
Manufacturer of vacuum cleaning robots for homes
CITIC Industry Fund, Taikang Asset Management,
Yunfeng Capital, Xiaomi, , and 2 more
LATE STAGE
Series C
Liangyihui (2015, Shanghai, $17.1M)
Medical information platform for cancer
Shunwei Capital, REDHILL CAPITAL, Qiming Venture
Partners
LATE STAGE
Series C
Xinqing Medical (2017, Suzhou)
Developer of extracorporeal circulation assisting device
Sequoia Capital, CDH Investments, Cenova Ventures
LATE STAGE
Series E
BoCloud (2012, Suzhou, $16.0M)
Docker based cloud deployment and management
platform
WINREAL INVESTMENT, Bohai Securities

7
LATE STAGE
Series C
AgotoZ (2017, Beijing, $50.1M)
Network acceleration & WAN connectivity solutions
CICC, Legend Capital, NGP Capital, SIG China
LATE STAGE
Series C
ChosenMed (2018, Jinghai, $14.1M)
Provider of a wide range of genomic services
Yijing Capital
EARLY STAGE
$5.0M - Series A
Pickupp (2016, Hong Kong, $20.0M)
App-based platform providing last-mile e-commerce
delivery services
Reefknot Investments
EARLY STAGE
$5.5M - Series A
Anhui Easpeed Technology (2016, Hefei, $15.2M)
Provides aerial imaging technology
EARLY STAGE
$7.8M - Series A
Mingzhi (2019, Chaoyang, $11.2M)
Platform offering data storage solutions for the data
centers
Matrix Partners China, 01VC
EARLY STAGE
$7.8M - Series A
Yundaizhang (2011, Beijing, $8.6M)
SaaS-based finance and accounting solutions
EARLY STAGE
$10.0M - Series A
Hex Trust (2018, Hong Kong, $16.0M)
Custodian service for digital assets
Animocabrands, Cell Rising Capital, Borderless Capital,
Kenetic, , and 9 more
EARLY STAGE
$15.5M - Series B
Shenzhou Yunhe (2016, Haidian, $15.5M)
Cloud-based finance and taxation solutions for
businesses
Maison Capital, Harvest Capital, Sequoia China, IDG
Capital
EARLY STAGE
$15.6M - Series B
Hangzhou Ruer IOT Technology (2013, Hangzhou,
$15.6M)
Provider of end-to-end IoT components
Zhejiang Huarui Investment Holdings, ,
EARLY STAGE
$15.6M - Series B
Yuxian (2020, Shenzhen, $15.6M)
Platform offering data center processor
CHUANGXIN

8
EARLY STAGE
$15.7M - Series A
Changzhou Sail Medical Technology (2016,
Changzhou, $15.7M)
Provider of devices for root canal treatment
Sequoia, Haoyue Capital, Changzhou Hi-tech Group
EARLY STAGE
$22.6M - Series B
Bowtie (2017, Hong Kong, $52.5M)
Online life insurance for individuals and businesses
Mitsui & Co,
EARLY STAGE
$23.0M - Series A
Authing (2017, Beijing, $28.0M)
Provider of cloud-based identity and access
management solution
Tiger Global Management, CDH Investments, Agora,
MiraclePlus, GGV Capital
EARLY STAGE
$27.0M - Series A
XanPool (2018, Hong Kong, $32.0M)
Fiat-gateway software solution for exchanges, wallets,
and other cryptocurrency businesses
Valar Ventures, Antler, CMT Digital, gumi Cryptos,
Taavet Hinrikus
EARLY STAGE
$31.0M - Series B
Huaxia Yingtai Biotechnology (2018, Haidian,
$37.5M)
Developer of CAR-T cell therapies for treating cancer
China Growth Capital, Vertex Ventures China, Beijing
Changping Science and Technology Park Development,
, , and 5 more
EARLY STAGE
$40.0M - Series B
Hopstem Biotechnology (2017, Hangzhou,
$40.0M)
Provider of cells, reagents, biobank for stem cell and
neuroscience research
Lilly Asia Ventures, Bioventure
EARLY STAGE
$46.9M - Series A
RealAI (2018, Haidian, $46.9M)
Developer of AI platform for multi-industry verticals
Delta Capital, Koala Fund
EARLY STAGE
$50.0M - Series B
Whale (2017, Hangzhou, $50.0M)
IoT solutions for the retail sector
Temasek, Weilai Capital, Alpha Startups, Linear
Venture

9
EARLY STAGE
$55.0M - Series A
SpeedData (2008, Haidian, $70.0M)
Barcode scanners, RFID readers and other handheld
devices for temperature/humidity monitoring system
Walden Catalyst, 83North, KDT, Pitango, Viola Group,
and 1 more
EARLY STAGE
$77.4M - Series B
Huakong Qinghai Information Technology
(2018, Haidian, $77.4M)
AI based data security and privacy solutions provider
Lenovo, OPPO, Xunce Technology, CICC, Cowin Capital,
and 3 more
EARLY STAGE
$120.6M - Series A
T3 Travel (2018, Nanjing, $120.6M)
AI-enabled platform offering ride-hailing services
CITIC, Tongcheng Network Technology Co, , , Tencent,
and 3 more
EARLY STAGE
$156.5M - Series B
Aqara (2014, Shenzhen, $156.5M)
Provider of diversified smart home products
Shenzhen Capital Group, Joy Capital, CICC, China
Telecom Corporation, , and 1 more
EARLY STAGE
$264.1M - Series A
Worldwide Logistics Group (2001, Shanghai,
$264.1M)
Online booking platform for multi-modal freight
transportation
CHUANGXIN, Yunqi Partners
EARLY STAGE
$500.0M - Series A
Xiaopeng Huitian (2013, Tianhe, $500.0M)
Provider of smart electric aircraft
IDG Capital, 5Y Capital, Xiaopeng, GL Ventures, Yunfeng
Capital, and 3 more
EARLY STAGE
Series A
Pintu (2017, Longgang)
Manufacturer of AI-enabled robot systems for product
testing
Inspiration Capital
EARLY STAGE
Series A
Hangzhou Yiyouzao Technology (2019,
Hangzhou)
Cloud-based platform for enterprise content
management
Sands Capital

10
EARLY STAGE
Series B
Shenzhen Xinjunte Intelligent Medical
Equipment (2015, )
Developer of orthopedic surgical devices
ABC International, Huatai Zijin Investment,
CHUANGXIN, SoftBank Vision Fund, Morningside
Ventures
EARLY STAGE
Series B
Beijing Heqi Juli Education Group (2013,
Dongcheng)
Online platform providing solutions to manage college
entrance examinations
D.T. Lake Equity Investment, Shunwei Capital, Xueda
Education Group
EARLY STAGE
Series A
Paypal (Beijing) Information Technology (2016,
Dongcheng)
Cloud-based procurement saving solutions
Shunwei Capital, Xiaomi, Poly Development Holdings,
Fanchuang Capital, GSR United Capital
EARLY STAGE
Series B
DeepCare (2016, Beijing, $900.0K)
AI based medical imaging solution
CareCapital, , Wang Xiaochuan
EARLY STAGE
Series B
JS Design (2019, Chaoyang)
Cloud based platform offering UI design tool
Coatue, Source Code Capital, BlueRun Ventures, SIG
China
EARLY STAGE
Series B
DataMesh (2014, Beijing)
Provider of augmented reality-based content creation
tools
Cornerstone Fund, Lenovo
EARLY STAGE
Series A
Hangzhou Yuyi Technology (2016, Hangzhou,
$1.5M)
Provider of emotional analysis solutions for Chinese
texts
Yunqi Partners, Matrix Partners China
EARLY STAGE
Series B
Mio Tech (2016, Shanghai, $22.0M)
AI-powered portfolio management solutions for asset
managers
JPMorgan Chase, HSBC Group

11
EARLY STAGE
Series A
Shenzhen Enduring Biotech (2018, Shenzhen)
Developer of antibody therapeutics for cancer
treatment
Share Capital, Shenzhen Guozhong Venture Capital
Management, Sichuan Leimerious Industrial,
EARLY STAGE
Series A
Dongsheng (Suzhou) Intelligent Technology
(2019, Suzhou)
Provider of industrial vision and artificial intelligence
solutions
EARLY STAGE
Series A
LemonBox (2017, Beijing, $4.5M)
Provider of personalized nutrition planning solutions
Panda Capital, , Partech Partners, SCM Advisors
EARLY STAGE
Series A
Beijing Freedo Technology (2017, Fengtai)
SaaS-driven building information modeling software for
construction professionals
Country Garden,
EARLY STAGE
Series A
Shanghai Qunzhimai Information Technology
(2016, Shanghai)
Platform offering software for marketing automation
Xingfu Capital
EARLY STAGE
Series A
Jingwu (2019, Shanghai)
Manufacturer of professional robot systems for
multiple applications
Shenzhen Dongfang Fuhai Investment Management
EARLY STAGE
Series A
Digital Twins (1999, Yangpu)
Provider of AI-based digital twin solutions for multiple
industries
Dragon Capital, TusStar,
EARLY STAGE
Series B
Hangzhou Lianchuan Biotechnology (2006,
Hangzhou, $25.8M)
Provider of genetic testing services
Zhejiang Huarui Investment Holdings, Jinju-capital,
Zhejiang Haibang Investment Management,
EARLY STAGE
Series A
Hangzhou Xinjing Technology (2016, Hangzhou)
Provider of VR based rehabilitation solutions for
healthcare professionals
Medfine Capital

12
EARLY STAGE
Series A
Beijing Kaideni Medical Technology (2015,
Beijing)
Provider of remote consultation services with
nephrologists
Jade Capital Management, Yidu Cloud, Shunwei
Capital, Cowin Venture,
EARLY STAGE
Series A
LeapXpert (2017, Hong Kong, $14.1M)
Investment and client management platform
Lingfeng Capital, Summer Capital
EARLY STAGE
Series A
MCDEX (2019, Beijing, $7.0M)
Decentralized exchange platform for cryptocurrency
futures
Binance DEX
EARLY STAGE
Series A
UWA (2015, )
Cloud-based platform offering game development
plugins and solutions
EARLY STAGE
Series B
E-PORTS (2005, Shanghai)
Provider of cloud-based cost management software for
shipping ports
Sumitomo Corporation Equity Asia
EARLY STAGE
Series B
ClickPaaS (2018, Shanghai)
Cloud based low code development platform for
businesses
Sequoia Capital, SIG China, Bertelsmann Asia
Investment Fund, 5Y Capital, Future Capital
EARLY STAGE
Series A
Defan (2014, Shanghai)
Provider of integration platform as a service for
enterprises
Baidu Ventures,
EARLY STAGE
Series A
KAT VR (2013, Hangzhou, $1.7M)
Provider of a VR-based omnidirectional treadmill
EARLY STAGE
Series A
Current CAD (2019, Xiamen)
Cloud-based CAD software for the manufacturing
industry
,

13
SEED STAGE
$10.0K - Seed
Divao (2019, Hong Kong, $10.0K)
Cloud based password less authentication solutions
Seedstars
SEED STAGE
$1.6M - Seed
Mulang Cloud (2014, Shenzhen, $1.6M)
Cloud based backup and disaster management
software provider
Plum Ventures
SEED STAGE
$3.1M - Seed
Datarc (2017, Beijing, $3.1M)
Artificial intelligence based platform offering decision
support software
Steppe Capital, In Capital, Plum Ventures
SEED STAGE
$5.0M - Seed
KAWO (2013, Shanghai, $5.0M)
Cloud based offering social media management
solutions
Sequoia Capital
SEED STAGE
$5.0M - Seed
Vision Ruilai (2019, Hangzhou, $5.0M)
Provider of an AR and AI-based live video streaming
platform
Linear Venture, Sequoia Capital
SEED STAGE
$15.5M - Seed
Guoqi Intelligent Control Technology (2020,
Beijing, $15.5M)
Cloud-enabled platform offering vehicle control
solutions for autonomous driving
SEED STAGE
$15.6M - Seed
Surpath (2019, Minhang, $15.6M)
Provider of AI & cloud-based e-commerce cross-border
logistics solutions
China Merchants Capital, , Matrix Partners China
SEED STAGE
$31.3M - Seed
Yupao (2005, , $32.7M)
Online recruitment solutions provider
SEED STAGE
Seed
Yingtezhi Information Technology (2012, Jing'an)
Provider of the platform as a service to enterprises
Huasheng Capital

14
SEED STAGE
Seed
Shuimu BioSciences Ltd (2017, Changping)
Provider of structural and genetic data for drug
discovery
SEED STAGE
Seed
Ai Property Management (2016, Guangzhou)
Provider of AI-driven property management and
consultation services
Weiguang Ventures, BlueRun Ventures
SEED STAGE
Seed
Senmei Medical Technology-ThinmedTech
(2018, Chongqing)
Provider of solution for clinical disease management
for chronic diseases
Long Hill Capital
SEED STAGE
Seed
OLEADA (2020, Hong Kong)
Internet first brand offering eco-friendly bags
Capital Nuts, UpHonest Capital
SEED STAGE
Seed
Miaoru Technology (2019, Beijing)
Provider of a cloud-based data management and
computing platform
China Merchants Venture Capital, Hillhouse Capital
Group
SEED STAGE
Seed
Chiwu Technology (2020, Sichuan)
Provider of network security solutions for IoT
applications
Fangxin Capital
SEED STAGE
Seed
ZenTao (2010, Qingdao)
Cloud-based platform for project management
Gaocheng Capital
SEED STAGE
Seed
Kunshan Huixian Pharmaceutical Technology
(2018, Jiangyou, $15.3M)
Developer of microfluidic platforms and kits
CDIB Capital
SEED STAGE
Seed
Aoxue (2019, Hangzhou)
Provider of VR-based headsets
Bridge Venture Partners

15
SEED STAGE
Seed
Zhufeng Technology (2017, Hangzhou)
Cloud-based building information modeling software
for construction professionals
Yonghua Capital
SEED STAGE
Seed
Convinced in Science and Technology (2021, )
Provider of AI-based smart mobility solutions
Guodu Venture Capital
SEED STAGE
Seed
CommBio (2019, Pudong)
Developer of gene therapies for the treatment of
multiple disease conditions
CDH Investments, Daoyuan Capital, Guangdong
Zhongying Shengda Financing Guarantee Investment,
Longmen Capital
SEED STAGE
Angel
TechWise (2021, Shanghai)
Platform offering software for content marketing
Chengzhi Venture Capital, TalkingData
SEED STAGE
Seed
XuanBian (2021, Shanghai)
Manufacturer of IoT and AI-based professional robot
systems for multiple applications
Shunwei Capital
SEED STAGE
Seed
Meland.ai (2018, Hong Kong)
Provider of gaming monetization platform
Poolz
SEED STAGE
Seed
Axbio (2016, Nanshan)
Developer of a lab on chip microfluidic platform for
sequencing and molecular diagnostics using AI
5Y Capital, Kaitai Capital, MSA
SEED STAGE
Seed
Qlife Lab (2013, Shanghai)
Develoepr of biomarker based assays for
cardiovascular disorders
Cowin Capital, Centurium Capital
SEED STAGE
Seed
Gongye Technology (2018, Dongguan, $15.6M)
Manufacturer of AI-enabled solid waste sorting robots
China Growth Capital

16
SEED STAGE
Seed
HOURS (2018, Hefei)
Provider of AI-based supply chain network integration
solutions
5Y Capital, Matrix Partners China, Linear Venture
SEED STAGE
Seed
Gongye Technology (2018, Dongguan, $15.6M)
Matrix Partners China

New Investors (1/2)
List of New Investors in China Tech in October 2021
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
PCCW Global
1 portfolio companies | Long distance data and voice connectivity services
provider
WM Motor
Developer of AI-enabled electric cars
$300M Series D
Long Rock Capital
1 portfolio companies | Provider of tech services to investment industry
Chance Pharmaceuticals
Developer of transformative inhalation therapies for pulmonology
disorders
$31.03M Series C
Alphalink
1 portfolio companies | Provider of business & management consulting
Huaxia Yingtai Biotechnology
$31.03M Series B
CareCapital
4 portfolio companies | Venture capital firm investing in dental care sectors
DeepCare
Undisclosed Series B
Bowei Investment
1 portfolio companies | Private equity firm focused on multiple sectors
Shanghai Lixin Software Technology
Provider of a suite of EDA tools to design integrated circuits
$26.59M Series C
AVIC INTERNATIONAL
1 portfolio companies | Diversified conglomerate operating across multiple
industries
Jimu
Developer of driving assistance solutions using computer vision
technology
$31.28M Series C
hillhouseventure.com
1 portfolio companies |
Current CAD
Cloud-based CAD software for the manufacturing industry
Undisclosed Series A
Poolz
3 portfolio companies | Diversified asset management firm
Meland.ai
Provider of gaming monetization platform
Undisclosed Seed
Huasheng Capital
2 portfolio companies | Corporate advisory firm & venture capital fund investing
in economic growth startups
Yingtezhi Information Technology
Provider of the platform as a service to enterprises
Undisclosed Seed
Turbo Capital
1 portfolio companies | Venture capital fund focused on tech startups
Shanghai Lixin Software Technology
Provider of a suite of EDA tools to design integrated circuits
$26.59M Series C

New Investors (2/2)
List of New Investors in China Tech in October 2021
China Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
Cell Rising Capital
1 portfolio companies | Venture capital firm focused on technology and AI
sectors
Hex Trust
$10.00M Series A
hankangcapital.com
1 portfolio companies |
Huaxia Yingtai Biotechnology
$31.03M Series B
Binance DEX
2 portfolio companies | Decentralized exchange platform for cryptocurrencies
MCDEX
Decentralized exchange platform for cryptocurrency futures
annde.cn
1 portfolio companies | Manufacturer of electric water heaters and accessory
parts
DeepCare
Undisclosed Series B
BCW Group
2 portfolio companies | BCW Group - Blockchain Consulting, DLT Services,
Institutional Trading Services
Hex Trust
$10.00M Series A
weicunzhike.vdtrxn
1 portfolio companies | Limited information available
Defan
Provider of integration platform as a service for enterprises
Double Peak
9 portfolio companies | Single family office investing in multiple sectors
Hex Trust
$10.00M Series A
gametrigger.vdtrxn
UWA
Cloud-based platform offering game development plugins and solutions
58industryfund.vdtrxn
Shenzhen Youdi Technology
Provider of intelligent service robots for multi-industry applications
$31.07M Series C
xinshangcapital.vdtrxn
Shenzhen Youdi Technology
Provider of intelligent service robots for multi-industry applications
$31.07M Series C

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
19
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲6 B2C Fruits and Vegetables Group Buying Platforms $5.0B 6 Hunan Xingshe.. | $3.0B | Series D
2 -- Online B2C Grocery Group Buying $3.7B 2 Xingsheng Com.. | $3.0B | Series D
3 ▲85 Automotive SoC $2.8B 8 Horizon Robot.. | $1.5B | Series C
4 ▲260 Autonomous Cars $2.0B 17 Momenta | $500M | Series C
5 <> 0 Drugs for Multiple Cancer Types $1.9B 50 Clover Biopha.. | $230M | Series C
6 ▲149 Truck Booking Marketplace $1.8B 4 Yunmanman | $1.7B | Series E
7 ▼-6 Electric Car Manufacturers $1.7B 5 Leap Motor | $694M | Series C
8 ▲29 Web Based Platform for Doctor Consultation $1.5B 6 Miaoshou Doctor | $466M | Series E
9 ▼-3 Car Ride Hailing $935M 3 Cao Cao Car | $589M | Series B
10 <> 0 SoC IoT $831M 10 Unisoc | $815M | Series E

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in China Tech in October 2021
China Tech: Analyst Picks
20
Upgraded to SOONICORN
Aqara (2014, Shenzhen, Undisclosed, Series B)
Provider of diversified smart home products
China Telecom Corporation, Joy Capital, CICC and 4
other Investors
Dreame (2020, Suzhou, $536M, Series C)
Manufacturer of vacuum cleaning robots for homes
Country Garden, China Renaissance Group, and 4
other Investors
SpeedData (2008, Haidian, $55.0M, Series A)
Barcode scanners, RFID readers and other handheld
devices for temperature/humidity monitoring system
Pitango, Eyal Waldman, Walden Catalyst and 3 other
Investors
Worldwide Logistics Group (2001, Shanghai,
Undisclosed, Seed)
Online booking platform for multi-modal freight
transportation
CHUANGXIN, Yunqi Partners, Cainiao and 1 other
Investors
T3 Travel (2018, Nanjing, $121M, Series A)
AI-enabled platform offering ride-hailing services
CITIC, Tencent, and 5 other Investors
Huakong Qinghai Information Technology
(2018, Haidian, $77.4M, Series B)
AI based data security and privacy solutions provider
Lenovo, Cowin Capital, Lenovo Venture Capital and 7
other Investors
Upgraded to MINICORN
LeapXpert (2017, Hong Kong, Undisclosed, Seed)
Investment and client management platform
Summer Capital, FinTech Innovation Lab, Lingfeng
Capital and 1 other Investors
Hopstem Biotechnology (2017, Hangzhou,
Undisclosed, Series A)
Provider of cells, reagents, biobank for stem cell and
neuroscience research
Lilly Asia Ventures, Longmen Capital, Launch Hill and 2
other Investors
Vision Ruilai (2019, Hangzhou, $5.0M, Seed)
Provider of an AR and AI-based live video streaming
platform
Sequoia Capital,Linear Ventureand
Shenzhou Yunhe (2016, Haidian, Undisclosed, Series
A)
Cloud-based finance and taxation solutions for
businesses
Puhua Capital, Maison Capital, IDG Capital and 2 other
Investors

21
Hangzhou Jianhai Technology (2015, Hangzhou,
$23.0M, Series B)
AI and cloud-based disease management intelligent
tool for healthcare professionals
Sherpa Healthcare Partners,Sequoia,Source Code
Capitaland
KAWO (2013, Shanghai, $5.0M, Seed)
Cloud based offering social media management
solutions
Sequoia Capitaland
ChosenMed (2018, Jinghai, $14.1M, Series B)
Provider of a wide range of genomic services
Medfine Capital, Medfine Capital, HighLight Capital and
5 other Investors
Mingzhi (2019, Chaoyang, $3.0M, Seed)
Platform offering data storage solutions for the data
centers
01VC, , K2VC and 1 other Investors
Shanghai Lixin Software Technology (2020,
Shanghai, $26.6M, Series C)
Provider of a suite of EDA tools to design integrated
circuits
Bowei Investment, Zhuhai Municipal Government
Portal, Weiss Capital and 3 other Investors
Gongye Technology (2018, Dongguan, Undisclosed,
Seed)
China Growth Capital,Matrix Partners Chinaand
Surpath (2019, Minhang, $15.6M, Seed)
Provider of AI & cloud-based e-commerce cross-border
logistics solutions
China Merchants Capital,,Matrix Partners Chinaand
Added to Editor's Pick
SegmentFault (2012, Hangzhou, Undisclosed, Seed)
Social Q&A for Programmers
SAIF Partners, IDG Capital, MainTrend Capital and 1
other Investors
Jian24 (2017, Shanghai, $4.5M, Series A)
Checkout-free smart convenience store
DL Capitals, BlueRun Ventures, Redpoint China
Ventures and 1 other Investors
SNK Allstar (2020, Beijing, Unfunded)
Developer of multiplayer online mobile games
Beijing Shenwa Technology (2016, Beijing,
Developer of deep learning face recognition
technology for security applications
Kunzhong Capital, SDIC Essence, Cash Capital and 3
other Investors

22
Feelingtouch (2010, Hangzhou, Unfunded)
Developer of action and strategy-based mobile games
WeGamers (2014, Wan Chai, Unfunded)
Online community-based gaming platform for the
users
EEG Smart (2016, Shenzhen, Undisclosed, Seed)
AI-based multi-channel wearable EEG device for health
and entertainment
Shengyu investmentand
Hangzhou Vision Technology (2016, Hangzhou,
$1.6M, Angel)
Developer of the video navigation app
Oriza Ventures,Zhejiang Huarui Investment
Holdingsand
Magic Video Maker (2020, Hong Kong, Unfunded)
App-based platform for editing videos
Nox Joy (2019, Hong Kong, Unfunded)
Developer of mobile games focusing on casual games
Baoxiaohe (2019, Hangzhou, Undisclosed, Seed)
Online 3D packaging design tool
, Sequoia, Kujiale and 1 other Investors
Talking Baby (2021, Beijing, Unfunded)
Developer of talking pets mobile games for users
Yisheng Biotechnology (2014, Shanghai,
Undisclosed, Series B)
Developer of kits and reagents for the life science
industries
Legend Capital,iVision Ventures,HM Capitaland
Shenzhen Xiangnong Innovation Technology
(2012, Nanshan, $2.3M, Series A)
Developer of crop protection drones for enterprises
InteBridge,Shenzhen Topsailing Capital,Yonghua
Capitaland
Daily Fresh (2019, Chengdu, Unfunded)
Online retail grocery marketplace
Ruiben Information Technology (2014,
Guangzhou, $2.1M, Seed)
Provider of an omnichannel merchants operation
platform
Hangzhou Guangyun Technology,and

23
Aiwinn_Aiwa Yeston (2017, Shenzhen,
Provider of AI and cloud-based image recognition
solutions
Peter Liu,Linkie Lin,Chuangyu Investmentand
Jingwu (2019, Shanghai, Undisclosed, Series A)
Manufacturer of professional robot systems for
multiple applications
Shenzhen Dongfang Fuhai Investment
Managementand
Defan (2014, Shanghai, Undisclosed, Series A)
Provider of integration platform as a service for
enterprises
Baidu Ventures,and
Current CAD (2019, Xiamen, Undisclosed, Series A)
Cloud-based CAD software for the manufacturing
industry
,and
Glasssix (2014, Beijing, Undisclosed, Series A)
Provider of a computer vision framework platform for
enterprises
Xi'an Pengke Information Technology (2015,
Yantai, Undisclosed, Seed)
Cloud-based accounts receivable and payable
management solutions for businesses
In Capital,Hangzhou Guangyun Technologyand
Shi Xiucai (2014, , $582K, Angel)
Provider of platform for stone procurement
Aoxue (2019, Hangzhou, Undisclosed, Seed)
Provider of VR-based headsets
Bridge Venture Partnersand
Walklake (2015, Suzhou, Unfunded)
Provider of AI-enabled health monitoring robots for
schools
Taomiaomiao (2018, Minhang, Unfunded)
Platform offering suite solution for offline retailer and
distributors
Solid Wood Investmentand
xnipark (2018, Chengdu, Unfunded)
Provider of suite of parking management solutions
Bourne Capitaland
Tianjin Daran Technology (2015, Tianjin,
Unfunded)
Manufacturer of educational and teaching robots
Daocin Capitaland

24
The Forsakened (2020, Kowloon, Unfunded)
Developer of PC-based multiplayer online battle games
for the users

IPO Date Company IPO Mcap Exchange Ticker
19 Oct 2021
Ceramic Factory (2016, Zhuzhou, )
Online retailer offering crockery for home improvement
$0.4B SZSE:1216
26 Oct 2021
Youju Interactive (2017, Beijing, )
Platform offering video marketing solutions to enterprises
$707M HKG:1948
26 Oct 2021
Airdoc (2015, Beijing, )
Offers decision support solutions
$ HKG:2251
25 Oct 2021
Clover Biopharma (2007, Chengdu, $400M)
Developer of drugs to treat autoimmune, cancer and infectious
diseases
$2.0B HKG:2197
19 Oct 2021
Microtech Medical (2011, Hangzhou, $88.2M)
Medical devices developer for diabetes care
$0.0B HKG:2235
01 Jan 2021
Dingdong Maicai (2014, Shanghai, $1.3B)
Online retailer of grocery products
$95.7M NYSE:DDL
27 Oct 2021
Jing-Jin Electric Technologies (2008, Beijing, $16.3M)
Manufacturer, supplier & exporter of automotive electric motors &
electric drive components
SHA:688280
IPOs
List of IPOs in China Tech in October 2021
China Tech: IPOs
25

Recent News (1/2)
Recent News in China Tech in October 2021
China Tech:News
26
Exit News
.
● Paytm to skip pre-IPO round to meet post-Diwali listing target: Sources TechStory
.
● Zynga concludes acquisition of mobile game developer StarLark; expands its
game catalog with the successful Go... Business Wire
.
● Singapore’s Coda Payments buys BAASH to foray into mobile gaming, e-sports
E27
.
● Yooma Wellness to Acquire Sparkling Water Brand Big Swig, Inc. GlobeNewswire
.
● NetEase acquires Grasshopper ManufactureGamesIndustry
.
● Yooma Wellness acquires Tokyo based Vertex Co moving company into
lucrative Japanese market Proactive Investors
.
● China startup Little Red Book mulls moving IPO from US to Hong Kong The
Business Times
.
● UP Fintech Completes Acquisition of Hong Kong-Based Joy Securities Finance
Magnates
.
People News
.
● Identitii Appoints Payments Industry Veteran As Head Of Product Financial IT
.
● Liantuo Biological Appoints Michael Humphries as Chief Scientific Advisor
Business Wire
.
● Huawei appoints Yi as regional president for Middle East Telecompaper
.
● Niu Technologies Announces Management Change GlobeNewswire
.
● VoltDB Announces New Hires to Drive Telco Business Telecomdrive
.
Regulatory News
.
● Tether, Bitfinex Ordered to Pay Over $42 Million in Fines by CFTC Crowdfund
Insider
.
● Chinese food delivery group Meituan fined ¥3.4 billion for monopolistic
behaviourMARKETING-INTERACTIVE

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Tracxn - Monthly Report - China Tech - Oct 2021

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Tracxn - Monthly Report - China Tech - Oct 2021