Tracxn - Geo Monthly Report - China Tech - Dec 2021

TRACXN MONTHLY REPORT
DECEMBER 2021
CHINA TECH

China Tech - December 2021 Copyright © 2022, 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
Acquisitions 26
Recent News 27

China Tech Snapshot – December 2021
China Tech: Snapshot – December 2021
Note : "Investors" refers to "Institutional Investors" only
3
$4.1B
85 8
Overall Geo Stats
20
3
269
50
103
Funding Rounds $ Invested Analyst Picks
FWD Upgraded to
UNICORN
New Investors
Blockchain Capital
Lens Technology
Series A+ rounds Active Investors IPOs
SF Express
Shanghai Baixin'an
Biotechnology
Acquisitions
Neat
Luxclusif
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Shanghai
(18 Rounds, $290M)
Shenzhen
(11 Rounds, $140M)
Beijing
(10 Rounds, $1.2B)
Haidian
(9 Rounds, $53.7M)
$1.4B - PE
FWD (2013, Hong Kong, $1.4B)
$1.0B - Series E
JiChuang North (2008, Beijing, $1.0B)
$514M - Series E
Medlinker (2014, Chengdu, $842M)
$152M - Series D
WM Motor (2015, Shanghai, $4.9B)
Xiaomi
(5 Investments)
Shunwei Capital
(4 Investments)
Sequoia Capital
(3 Investments)
BlueRun Ventures
(3 Investments)
Internet First Insurance
Platforms
FWD
Display Technology
JiChuang North
Healthcare IT
Medlinker
Logistics Tech
Shenzhen Qianhai Yueshi Information
Technology Co
Market Size
Companies Covered 27,941
Funded Companies 12,519
Total Funding $436B
Funding in last 12 months $55.5B
Top Exits
IPOs 450
Acquisitions 461
Company Stage
Unicorns 163
Soonicorns 577
Minicorns 945
Editor Picks 3,729
Series A+ 5,741
Series C+ 1,194
Acqui-Hires 2
Deadpooled 4,011
Top Cities
Beijing (5,376 Rounds, $129B)
Shanghai (3,100 Rounds, $75.6B)
Top Investors
Sequoia Capital (395 Investments)
Matrix Partners China (312
Investments)

Investment Snapshot
Investment Snapshot of China Tech as of December 2021
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (December 2021)*
FWD
(2013, Hong Kong, $1.4B)
$1.4B - PE Apollo
JiChuang North
(2008, Beijing, $1.0B)
$1.0B - Series E CGP Investment
Medlinker
(2014, Chengdu, $842M)
$514M - Series E Sino Biopharmaceutical
WM Motor
(2015, Shanghai, $4.9B)
$152M - Series D Agile Group Holdings
GenFleet Therapeutics
(2017, Pudong, $166M)
$75.0M - Series C Huagai Capital
XSKY
(2015, Beijing, $284M)
$62.7M - Series F V Fund
Shenzhen Qianhai Yueshi
Information Technology Co
(2018, Shenzhen, $61.2M)
$61.2M - Series A Tang Lei
Nebula Brands
(2019, Chaoyang, $50.0M)
$50.0M - Series B L Catterton
Hangzhou Andao
Pharmaceutical
(2014, Hangzhou, $85.0M)
$50.0M - Series B Northern Light Venture Capital
Tungee
(2016, Guangzhou, $71.7M)
$47.1M - Series B Cathay Capital
Youibot
(2016, Shenzhen, $78.0M)
$47.1M - Series B Fangguang Capital
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in China Tech in December 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
$15.7M - Series C
Long Jing Optoelectronic Technology (2014,
Shenzhen, $15.8M)
Provider of augmented reality-based near-eye optical
modules
Dahua Group, Neovision Capital, , Langma Feng
Venture Capital
LATE STAGE
$15.7M - Series C
Shenzhen Senguoke Technology (2013,
Shenzhen, $15.7M)
Provider of single chip solutions for image recognition
and processing
CICC Capital, Beijing Automobile Group Industrial
Investment, First Venture, Lens Technology, , and 2
more
LATE STAGE
$20.0M - Series C
Codoon (2011, Chengdu, $133.2M)
Smart Wearables and fitness social network for users
LATE STAGE
$30.0M - Series C
choiceform (2017, Shanghai, $30.0M)
Provider of end to end customer and product
experience management platform
Sequoia Capital, Albatross Venture, Lightstone
Ventures
LATE STAGE
$31.0M - Series C
ForwardX (2016, Beijing, $103.5M)
Provider of AI-based AMRs for warehouse automation
Taikang Insurance Group, Haochencapital, Qualcomm
Ventures, Starlight Capital
LATE STAGE
$31.0M - Series D
UnionTech (2000, Shanghai, $199.3M)
Provider of diversified cloud-based 3D printing systems
Evonik, Dragon Capital, Yingke Capital, Cash Capital, ,
and 1 more
LATE STAGE
$38.0M - Series C
Recurrent AI (2017, Haidian, $50.0M)
Provider of a NLP and deep learning-based analytics
solution
Boyu Capital, Sequoia China, Eminence, Zhen Fund
LATE STAGE
$47.1M - Series E
Yeelight (2013, Qingdao, $47.1M)
Provider of app-based internet-connected smart bulbs

6
LATE STAGE
$62.7M - Series F
XSKY (2015, Beijing, $284.2M)
Open source distributed and cloud based system
storage solutions
Source Code Capital, V Fund
LATE STAGE
$75.0M - Series C
GenFleet Therapeutics (2017, Pudong, $166.1M)
Developer of drugs for treating tumors and
autoimmune diseases
Huagai Capital, Deyi Capital, Lake Bleu Capital, , Baidu
Ventures, and 8 more
LATE STAGE
$152.0M - Series D
WM Motor (2015, Shanghai, $4.9B)
Developer of AI-enabled electric cars
Agile Group Holdings
LATE STAGE
$514.0M - Series E
Medlinker (2014, Chengdu, $841.5M)
Social networking app for doctors and healthcare
professionals
Sino Biopharmaceutical
LATE STAGE
$1.0B - Series E
JiChuang North (2008, Beijing, $1.0B)
Provider of components for liquid crystal technology-
based flat displays
CGP Investment, China Fortune-Tech Capital, TCL
Equity Investment,
LATE STAGE
$1.4B - PE
FWD (2013, Hong Kong, $1.4B)
Online insurance platform for individuals
Apollo, Li Ka Shing Foundation, CPP Investments, Swiss
Re, Siam Commercial Bank, and 2 more
LATE STAGE
Series C
Shanghai Xinwang Microelectronics
Technology (2008, Shanghai, $60.6M)
Provider of MCUs for IoT applications
CICC Capital, , Shuimu Indus Ventures, Sailing Capital,
LATE STAGE
Series C
Shanghai Shenzhi Information Technology
(2019, Shanghai, $15.5M)
Provider of an AI-based ultrasound imaging platform
for healthcare providers
LATE STAGE
Series D
LinkedCare (2015, Shanghai, $60.4M)
Dental practice management and clinic management
software
Cowin Capital, Gan Jiawei

7
LATE STAGE
Series C
RoboSense (2014, Shenzhen, $45.0M)
Provider of AI-enabled LiDAR sensor systems for
autonomous vehicles
BYD
LATE STAGE
Series D
Omini Medicine (2012, Shanghai)
Develops drug delivery technology
Zhongxin Huihai Investment Fund Management, Bank
of China Group Investment, , Shanghai Biomedical
Fund, Yuanlai Capital, and 1 more
LATE STAGE
Series C
Sunrate (2016, Hong Kong)
Global payment and treasury solutions
SoftBank Ventures Asia, Redpoint China Ventures,
China Growth Capital, , K2VC, and 2 more
LATE STAGE
Series C
Inossem (2015, Beijing)
Provider of AI & web-based supply chain management
solutions
Koala Fund, SYHOGY,
LATE STAGE
Series F
Lalamove (2013, Hong Kong, $2.3B)
Provider of on-demand last-mile delivery services
Yolo
LATE STAGE
Series C
Beijing Lanwan Bowan Technology (2018,
Chaoyang)
AI-based book recommendation platform
Xiaomi, Xunlei, SIG China
LATE STAGE
Series C
Hefei Xingu Microelectronics (2015, Hefei)
Manufacturer of millimetre wave ICs for
communication applications
GF Securities, Shenzhen Cornerstone Asset
Management
LATE STAGE
Series C
Leapstack (2016, Shanghai)
AI and big data-based risk & claim management
solutions for the health insurance industry
Legend Capital, Peakview Capital Investments
LATE STAGE
Series E
Meican (2011, Beijing, $132.9M)
Online platform for ordering meals
Sodexo Ventures

8
LATE STAGE
Series C
Tian Tian Xuenong (2017, Shenzhen)
Provides an agriculture technology learning platform
Green Pine Capital Partners
LATE STAGE
Series C
ChosenMed (2018, Jinghai, $14.1M)
Provider of a wide range of genomic services
Yijing Capital
LATE STAGE
Series C
iDCOS (2014, Hangzhou, $4.5M)
Cloud based IT operations and maintenance
management platform
Shenzhen Dongfang Fuhai Investment Management
LATE STAGE
Series C
WeRide (2017, Guangzhou, $892.0M)
Provider of AI-enabled self-driving technology for cars
GAC MOTOR
LATE STAGE
Series C
Nanjing Chuangxin Huilian Technology (2019,
Nanjing)
Provider of 5G communication ICs
GP Capital, Hongzhuo Capital, Shenzhen Guozhong
Venture Capital Management
EARLY STAGE
$4.0M - Series A
Solv Finance (2021, , $5.0M)
Blockchain-based network for the financial industry
Blockchain Capital, Sfermion, gumi Cryptos, CMS
Holdings, Shima Capital, and 9 more
EARLY STAGE
$7.8M - Series A
White Rhino (2019, Beijing, $7.8M)
AI and Saas enabled platform offering self-driving
technology for logistics
Linear Venture, Chang'an Capital, Shenzhen
Cornerstone Asset Management
EARLY STAGE
$8.3M - Series A
WATI (2019, Tsuen Wan, $8.3M)
Provider of a cloud and WhatsApp based customer
support chatbot for enterprises
Sequoia, Base Partners, Surge, Gokul Rajaram
EARLY STAGE
$15.7M - Series B
Happy Cakes (2008, Longgang, $89.2M)
Online platform offering cakes
Asia Business Capital, , Chunjian

9
EARLY STAGE
$15.7M - Series A
Jushi Technology (2017, Shanghai, $31.5M)
Provider of an AI-based computer vision platform to
develop diversified applications
, China Fortune-Tech Capital, SMIC,
EARLY STAGE
$15.7M - Series B
Meichuang Technology (1997, Nanshan, $15.7M)
Platform offering CRM software for enterprises
, , Shenzhen Dongfang Fuhai Investment Management
EARLY STAGE
$15.7M - Series B
Microchip Technology (2017, Haidian, $15.7M)
Provider of IoT-based smart security solutions for
enterprises
, , Shunwei Capital,
EARLY STAGE
$15.7M - Series A
Wancheng Gene (2017, Shanghai, $15.7M)
Provider of single-cell multi-omics technology for
research and industrial-grade production
Chende Capital, changdao fund, Northern Light
Venture Capital,
EARLY STAGE
$15.7M - Series A
SPACE Technology (2019, Minhang, $15.7M)
Provider of automated parking solutions
SCVC, Guofangcapital.vdtrxn, Yunqi Partners, ,
EARLY STAGE
$15.7M - Series A
PPIO (2018, Pudong, $15.7M)
Provider of edge based decentralized data storage and
delivery platform
China Creation Ventures, Shanghai Zhangjiang
Technology Venture, Alphax Partners, BlueRun
Ventures, HUA Capital, and 1 more
EARLY STAGE
$15.7M - Series A
ECHEMI (2015, Hong Kong, $15.7M)
Provider of an online B2B marketplace for chemicals
EARLY STAGE
$20.4M - Series A
Shanghai Giant Micro Integrated Circuit (2014,
Pudong, $20.4M)
Manufacturer of communication ICs
Langtai Capital

10
EARLY STAGE
$21.0M - Series B
Fukey Technology (2016, Shanghai, $21.0M)
QR-based payment solutions for merchants and
businesses
EARLY STAGE
$25.0M - Series B
DeBank (2019, Shanghai, $25.0M)
Financial solutions for cryptocurrencies
Sequoia Capital, Dragonfly Capital, CRYPTO, Circle,
Youbi Capital, and 2 more
EARLY STAGE
$31.3M - Series B
Yidianling (2015, Hangzhou, $31.3M)
Provider of online information and teleconsultation
platform for mental health
FutureX, 58City, Proxima Ventures
EARLY STAGE
$31.4M - Series B
Beijing Tupai Imaging Technology (2017,
Changping, $31.4M)
Provider of suite of optoelectronics imaging devices
EB Medical, ,
EARLY STAGE
$31.5M - Series B
Biosion (2013, Nanjing, $62.1M)
Developer of therapeutic solutions for treating asthma,
atopic dermatitis, pulmonary disease & cancer
3E Bioventures Capital
EARLY STAGE
$31.5M - Series B
Jiandanxinli (2014, Beijing, $32.6M)
Provider of an online platform for psychological
counselling and consultation
Prosperity7 Ventures, Long Hill Capital,
EARLY STAGE
$34.0M - Series A
SPG (2016, Jinghai, $34.0M)
Payment processing solutions for businesses
Elliott Management, Techstars, Marqeta, , CreditEase
EARLY STAGE
$37.0M - Series B
Pickupp (2016, Hong Kong, $57.0M)
App-based platform providing last-mile e-commerce
delivery services
Jardines, Swire Properties, Drive Catalyst, PChome,
Cathay Financial Holdings, and 1 more
EARLY STAGE
$47.1M - Series B
Youibot (2016, Shenzhen, $78.0M)
Provider of commercial service robots and robotic
autonomous mobile solutions
Fangguang Capital, , SoftBank Ventures Asia, SIG China,
IDG Capital, and 3 more

11
EARLY STAGE
$47.1M - Series B
Tungee (2016, Guangzhou, $71.7M)
Enterprise sales intelligence forecasting platform
Cathay Capital, , Sequoia, Qiming Venture Partners,
Unity Ventures
EARLY STAGE
$50.0M - Series B
Hangzhou Andao Pharmaceutical (2014,
Hangzhou, $85.0M)
Developer of therapeutics for the treatment of cancer
and kidney diseases
Northern Light Venture Capital, Banyan Capital,
Decheng Capital, Yifeng Capital,
EARLY STAGE
$50.0M - Series B
Nebula Brands (2019, Chaoyang, $50.0M)
Platform acquiring Amazon brands
L Catterton, Alpha Startups, Matrix Partners China
EARLY STAGE
$61.2M - Series A
Technology Co (2018, Shenzhen, $61.2M)
Provider of AI, web & IoT-enabled cold storage
management solutions
Shenzhen Kingdom Technology, , , Kai Fu Capital,
Zijingang Capital, and 3 more
EARLY STAGE
Series A
Aixin (2019, Haidian)
Developer of AI-based visual processing units
Tencent
EARLY STAGE
Series A
Dongfang Jinxin (2013, Beijing)
Provider of data management solutions for the
government
China Electronics Technology Fund Management
EARLY STAGE
Series A
Guangzhou Weijing Technology (2017,
Guangzhou)
Management platform for EV charging station
operators
Ventures Lab
EARLY STAGE
Series A
i-Signing (2004, Chongqing)
Cloud-based platform for electronic signature
Yingke Capital
EARLY STAGE
Series A
Huali Zhixing Technology (2008, Hubei)
Provider of V2X solutions and intelligent transportation
core equipment and solutions
Great Wall Fund Management

12
EARLY STAGE
Series A
Global MRT Logistics Group (2010, Shanghai)
Web-enabled freight forwarding solutions provider
EARLY STAGE
Series B
Leyue100 (2002, Shanghai, $16.1M)
Provider of mobile based solutions provider for
patients in hospitals
CE Innovation Capital, , Shenzhen Capital Group,
EARLY STAGE
Series B
Chishine3d (2016, Xian)
Manufacturer of desktop, handheld, and mounted 3D
scanners
Zhongding Venture Capital Management
EARLY STAGE
Series B
Vike Medical Technology (2018, Wuhan)
Developer of therapeutic devices for cardiovascular
disorders
Sequoia China, Shengyu investment
EARLY STAGE
Series B
ALVA SYSTEMS (2011, Haidian)
Provider of AI-based AR solutions for the
manufacturing industry
SB China Capital, , Tai Partners
EARLY STAGE
Series A
Pen God (2017, Haidian)
Provider of AI-powered writing assistant software
sjthedu.com
EARLY STAGE
Series A
Suzhou Suyingshi Image Software (2017, Suzhou)
Provider of AI-based 3D scanning systems for
applications in industrial inspection
Yuanhe Holdings, Orizafofs, Inspiration Capital
EARLY STAGE
Series A
Big Vision (2015, Suzhou, $4.4M)
Provider of ophthalmology diagnosis and analysis
systems
, SND Ventures Group
EARLY STAGE
Series A
AI-MALL (2018, Shenzhen, $3.3M)
Provider of AI-based image and video analytics
solutions
The Hina Group,

13
EARLY STAGE
Series B
Xbiome (2017, Shenzhen)
AI-based microbiome drug development technology
Sky9 Capital, Gaorong Capital, Legend Capital, 5Y
Capital, Hike Capital, and 1 more
EARLY STAGE
Series A
Infodator (2016, Huangpu)
Online software for robotic process automation
Huatai Securities, Yonyou
EARLY STAGE
Series A
Singularity Systems (2019, Chaoyang)
AI based data preparation and insights discovery
solution provider
BitRock Capital
EARLY STAGE
Series B
Inossem (2015, Beijing)
Provider of AI & web-based supply chain management
solutions
Koala Fund, SYHOGY, , ,
EARLY STAGE
Series A
Jingwu (2019, Shanghai)
Manufacturer of professional robot systems for
multiple applications
Shenzhen Capital Group,
EARLY STAGE
Series B
Zhejiang Light Technology (2017, Shaoxing,
$23.5M)
Manufacturer of photonic ICs using III-V group of
semiconductor compounds
EARLY STAGE
Series B
Lesen Robotics (2017, Nanshan, $14.4M)
Provider of a deformable robot that can learn to
program
Cedarlake Capital, Rencent Capital, Lightspeed China
Partners, Sequoia China,
EARLY STAGE
Series B
Beijing Trend Technology (2019, Haidian)
GPU resource pooling and virtualization solution
designed to support AI computing
, Prosperity7 Ventures, Hillhouse Capital Group
EARLY STAGE
Series B
Intamsys (2013, Shanghai)
3D Printer manufacturer
Porsche Ventures

14
EARLY STAGE
Series A
Passion (2015, Suzhou, $15.7M)
Provider of automated logistics solutions for
warehouses
Ginkgo Valley Capital, AA Investment
EARLY STAGE
Series A
Deepthink (2017, Shenzhen)
Provider of an AI-enabled image reconstruction
solution for various industries
Fortune Capital, Amber Infrastructure, China Prosperity
Capital
EARLY STAGE
Series A
Greatbay-bio (2019, Hong Kong, $6.3M)
Developer of AI-based cell line development platform
Proxima Ventures, , Aaron Capital, FutureX, Alibaba
Group
EARLY STAGE
Series A
Yunli Zhihui (2018, )
Provider of an AI and IoT-based data platform for
smart cities
CDH Investments, Volcanics Venture
EARLY STAGE
Series A
Wanwu Safety Technology (2017, Nanshan)
Provider of an IoT-enabled security solution for
enterprises
Shanshan
EARLY STAGE
Series B
ikingtec (2017, Haidian)
Manufacturer of a quadcopter drone for industrial
applications
Fangguang Capital, BlueRun Ventures, , Gopher Assets
SEED STAGE
$800.0K - Seed
uDroppy (2018, Hong Kong, $800.0K)
Provider of suite solution for businesses
SEED STAGE
$1.6M - Seed
senguo (2014, Wuhan, $1.6M)
Retail management solution for wholesalers
Broom
SEED STAGE
$3.9M - Seed
Beina Gene (2012, Wuhan, $3.9M)
Developer of nanopore sequencing and bioinformatics
analysis technologies

15
SEED STAGE
Seed
Suzhou Qixin Micro Semiconductor Co (2020,
Suzhou)
Manufacturer of system-on-chips for the automotive
sectors
Xiaomi, HUA Capital, Shunwei Capital, CHUANGXIN,
CDH Investments, and 3 more
SEED STAGE
Angel
Rocketship Aerospace Technology (2021,
Chaoyang)
Manufacturer of reusable launch vehicles
Suzhou Guofa Venture Capital Holdings,
SEED STAGE
Seed
Qingdao Huasaiboman Medical Cell Biology
(2018, Qingdao)
Developer of cell therapy technologies for tumor
immunotherapy
ASBV China
SEED STAGE
Seed
Synapsor (2015, Haidian, $15.7M)
Provider of wearable devices for chronic diseases
management
Xiaomi, Source Code Capital, Shunwei Capital
SEED STAGE
Seed
wojiacloud.com (2016, Shenzhen)
Asset and property management software
Poly Development Holdings
SEED STAGE
Seed
FX Expert (2020, Shanghai)
Software for forex risk management
Plug and Play Tech Center
SEED STAGE
Angel
Graphic origin (2021, Haidian)
Provider of a suite of AI-powered 3D animation
software
5Y Capital
SEED STAGE
Seed
Yuanjingtaike Biotechnology (2018, Beijing)
Developer of diagnostic reagents and rapid detection
kits
Bioventure
SEED STAGE
Seed
YOWU (2018, Shanghai)
Internet first brand offering audio devices
Xiaomi, Popmart

16
SEED STAGE
Seed
Jingyy.com (2020, Shenzhen)
Online listing platform for matchmaking
SEED STAGE
Seed
QIMA (2005, Hong Kong)
App-based platform providing supplier compliance &
audit programs
Caisse de depot et placement du Quebec
SEED STAGE
Seed
Eartech (2018, Longgang)
Provider of hearing aids for people with hearing
disabilities
Qingsong Fund, Xiaomi, Shunwei Capital, Zhicheng
Capital
SEED STAGE
Seed
Yixieyun Technology (2020, )
Cloud-based suite solutions for enterprise
collaboration
SEED STAGE
Seed
Finblox (2021, Hong Kong)
App-based platform for trading in cryptocurrency
Sequoia Capital, MSA, CoinFund, Venturra Capital,
Saison Capital, and 8 more
SEED STAGE
Seed
Jiangzhong Pharmaceutical (1996, Nanchang)
Developer of chinese patent medicines and health
foods
Aladdin Healthcare Technologies

New Investors (1/2)
List of New Investors in China Tech in December 2021
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
Blockchain Capital
2 portfolio companies | Blockchain oriented venture capital fund.
Solv Finance
Blockchain-based network for the financial industry
$4.00M Series A
Lens Technology
2 portfolio companies | Manufacturer of lens products
Shenzhen Senguoke Technology
Provider of single chip solutions for image recognition and processing
$15.71M Series C
abcinternational.in
1 portfolio companies | Coffee processing company
GenFleet Therapeutics
Developer of drugs for treating tumors and autoimmune diseases
$75.00M Series C
chinaoct.com
2 portfolio companies |
Inossem
Provider of AI & web-based supply chain management solutions
Undisclosed Series B
Shenzhen Kingdom Technology
1 portfolio companies | Futures and options broker
Shenzhen Qianhai Yueshi Information Technology Co
Provider of AI, web & IoT-enabled cold storage management solutions
$61.25M Series A
mastercard.co.in
8 portfolio companies | Homepage
SPG
$34.00M Series A
weedvc.cn
SPACE Technology
$15.70M Series A
Broom
1 portfolio companies | mPOS solutions provider
senguo
Retail management solution for wholesalers
$1.57M Seed
Ledger
2 portfolio companies | Blockchain-based hardware wallet for cryptocurrencies
DeBank
$25.00M Series B
Li Ka Shing Foundation
5 portfolio companies | Foundation fund of Li Ka Shing focused on improving
education and healthcare sectors
FWD
$1.43B PE

New Investors (2/2)
List of New Investors in China Tech in December 2021
China Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
swiftpbi.com
Shenzhen Qianhai Yueshi Information Technology Co
Provider of AI, web & IoT-enabled cold storage management solutions
$61.25M Series A
Aaron Capital
1 portfolio companies | M&A and strategic financial advisory firm
Greatbay-bio
Developer of AI-based cell line development platform
Undisclosed Series A
CoinFund
50 portfolio companies | Slack Community Focused on Cryptocurrency Research
and Trading
Finblox
App-based platform for trading in cryptocurrency
Undisclosed Seed
hyzq.com.hk
Codoon
Smart Wearables and fitness social network for users
$20.00M Series C
shenzhennanshan.vdtrxn
1 portfolio companies | Limited information available
ikingtec
Manufacturer of a quadcopter drone for industrial applications
ruijiangkangshengfund.vdtrxn
Beina Gene
Developer of nanopore sequencing and bioinformatics analysis
technologies
$3.93M Seed
Circle
4 portfolio companies | Payments and commerce solutions for cryptocurrencies
DeBank
$25.00M Series B
tongchuangdigitalfund.vdtrxn
Leyue100
Provider of mobile based solutions provider for patients in hospitals
interchinacapital.vdtrxn
Meichuang Technology
$15.69M Series B
tdfimpactinvestment.vdtrxn
Sunrate
Undisclosed Series C

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
19
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲4 B2C Fruits and Vegetables Group Buying Platforms $4.2B 4 Hunan Xingshe.. | $3.0B | Series D
2 ▲8 Online B2C Grocery Group Buying $3.0B 1 Xingsheng Com.. | $3.0B | Series D
3 ▲10 Automotive SoC $2.7B 8 Horizon Robot.. | $1.5B | Series C
4 ▲36 Autonomous Cars $2.3B 19 Momenta | $500M | Series C
5 ▼-4 Electric Car Manufacturers $1.8B 6 Leap Motor | $694M | Series C
6 ▼-3 Drugs for Multiple Cancer Types $1.5B 44 Clover Biopha.. | $230M | Series C
7 ▲22 Web Based Platform for Doctor Consultation $1.4B 5 Miaoshou Doctor | $466M | Series E
8 ▼-1 Car Ride Hailing $889M 2 Cao Cao Car | $589M | Series B
9 ▲3 SoC IoT $831M 8 Unisoc | $815M | Series E
10 ▲27 Machine Learning Platforms $747M 4 4Paradigm | $700M | Series D

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in China Tech in December 2021
China Tech: Analyst Picks
20
Upgraded to UNICORN
FWD (2013, Hong Kong, $1.4B, PE)
Li Ka Shing Foundation, Metro Pacific Investments,
NBD Ventures and 6 other Investors
Upgraded to SOONICORN
Pickupp (2016, Hong Kong, $15.0M, Series A)
App-based platform providing last-mile e-commerce
delivery services
Spark Ventures, Cornerstone Ventures, SparkLabs
Taipei and 13 other Investors
Yeelight (2013, Qingdao, Undisclosed, Seed)
Provider of app-based internet-connected smart bulbs
Yunmu Capital, Blueprint Ventures, Daocin Capital and
7 other Investors
Youibot (2016, Shenzhen, Undisclosed, Series A)
Provider of commercial service robots and robotic
autonomous mobile solutions
BlueRun Ventures, BlueRun Ventures, Pine Venture
Partners and 11 other Investors
Nebula Brands (2019, Chaoyang, $50.0M, Series B)
Platform acquiring Amazon brands
Alpha Startups,Matrix Partners China,L Cattertonand
DeBank (2019, Shanghai, $25.0M, Series B)
Dragonfly Capital, Sequoia Capital, Ledger and 6 other
Investors
Tungee (2016, Guangzhou, $6.0M, Series A)
Enterprise sales intelligence forecasting platform
Cathay Capital, Alibaba Group, Rencent Capital and 7
other Investors
Happy Cakes (2008, Longgang, $15.7M, Series B)
Online platform offering cakes
Bright Venture Capital, Asia Business Capital, Chunjian
and 2 other Investors
Hangzhou Andao Pharmaceutical (2014,
Hangzhou, $35.0M, Series A)
Developer of therapeutics for the treatment of cancer
and kidney diseases
Banyan Capital, Yifeng Capital, and 3 other Investors

21
Technology Co (2018, Shenzhen, $61.2M, Series A)
Provider of AI, web & IoT-enabled cold storage
management solutions
Tang Lei, Ventures Lab, Zijingang Capital and 5 other
Investors
Upgraded to MINICORN
Jiandanxinli (2014, Beijing, $800K, Seed)
Provider of an online platform for psychological
counselling and consultation
New Enterprise Associates, Long Hill Capital,
Prosperity7 Ventures and 3 other Investors
SPG (2016, Jinghai, $34.0M, Series A)
Techstars, CreditEase, and 2 other Investors
choiceform (2017, Shanghai, $30.0M, Series C)
Provider of end to end customer and product
experience management platform
Albatross Venture,Lightstone Ventures,Sequoia
Capitaland
Wancheng Gene (2017, Shanghai, Undisclosed,
Seed)
Provider of single-cell multi-omics technology for
research and industrial-grade production
Chende Capital, changdao fund, Northern Light
Venture Capital and 3 other Investors
Passion (2015, Suzhou, Undisclosed, Seed)
Provider of automated logistics solutions for
warehouses
Ginkgo Valley Capital,SR Capital,AA Investmentand
Yidianling (2015, Hangzhou, $31.3M, Series B)
Provider of online information and teleconsultation
platform for mental health
58City, FutureX, Bioventure and 2 other Investors
SPACE Technology (2019, Minhang, Undisclosed,
Seed)
, Guofangcapital.vdtrxn, Beijing Automobile Group
Industrial Investment and 4 other Investors
Meichuang Technology (1997, Nanshan, $15.7M,
Series B)
,Shenzhen Dongfang Fuhai Investment
Management,and

22
Fukey Technology (2016, Shanghai, $21.0M, Series
B)
QR-based payment solutions for merchants and
businesses
Zhejiang Light Technology (2017, Shaoxing,
Undisclosed, Series B)
Manufacturer of photonic ICs using III-V group of
semiconductor compounds
Shanghai Giant Micro Integrated Circuit (2014,
Pudong, $20.4M, Series A)
Manufacturer of communication ICs
Langtai Capitaland
Added to Editor's Pick
QIMA (2005, Hong Kong, Undisclosed, Seed)
App-based platform providing supplier compliance &
audit programs
Navis Capital Partners, INSEAD Alumni France
Ventures, Caisse de depot et placement du Quebec
Sunrate (2016, Hong Kong, Undisclosed, Series A)
Redpoint China Ventures, K2VC, China Growth Capital
Aigens (2012, Kowloon, Undisclosed, Seed)
Provider of suite solutions for restaurants
Velocity Venturesand
KLKTN (2021, Hong Kong, $4.0M, Series A)
NFT-based marketplace platform offering fan
engagement solutions
BlackPine, Animocabrands, and 1 other Investors
OIN (2020, Hangzhou, $1.0M, Seed)
Alameda Research, Ruby Capital, Signum Capital and 4
other Investors
DENT Wireless (2014, Kwun Tong, Unfunded)
Mobile data marketplace
Blockchain Tech Capitaland
The Three Kingdoms (2021, Hong Kong, $3.2M,
Series A)
Provider of NFT-based play-to-earn metaverse game
for mobile devices
Raptor Capital, Boxmining, SWGI and 11 other
Investors
Airydress (2017, Hong Kong, Unfunded)
Online retailer offering multi-category fashion products

23
KX Camera Team (2015, Beijing, Unfunded)
Mobile-based camera application provider
Huali Zhixing Technology (2008, Hubei,
Undisclosed, Seed)
Provider of V2X solutions and intelligent transportation
core equipment and solutions
Great Wall Fund Management,SAIC Capital,China
Equity Groupand
Neoimmune (2020, Shenzhen, $4.7M, Seed)
Provider of immunodiagnosis platform for the
detection of tumors
Kindstar,Yuanhe Holdings,Ruijiangand
Shanghai Jiankun Education Technology (2018,
Xuhui, $1.5M, Seed)
AI based learning resource provider for students
China Merchants Capitaland
Chen Zhi (2017, , $1.5M, Seed)
Management system for schools
shengin.net,Cambrian Ventureand
Infodator (2016, Huangpu, Undisclosed, Series A)
Online software for robotic process automation
Huatai Securities,Yonyou,Kaitai Capitaland
Singularity Systems (2019, Chaoyang, Undisclosed,
Series A)
AI based data preparation and insights discovery
solution provider
BitRock Capitaland
Chengdu Analog Circuit Technology (2011,
Chengdu, Unfunded)
Provider of IP cores for integrated circuits
Tianjin TEDA Science and Technology Investmentand
Flurry (2021, Unfunded)
Provider of cross-chain token
Beijing Jizhichewang Technology (2014, Beijing,
Unfunded)
Online marketplace for auto loans
Gobi Partnersand
Duuno Technology Limited (2018, Hong Kong,
Unfunded)
Provider of online language learning solutions for
students
Tengdun Technology (2016, Chengdu, Unfunded)
Manufacturer of commercial UAV systems for multiple
applications
Finnova Capitaland

24
Ansett (2013, Tianjin, Unfunded)
Provider of an IoT-based energy monitoring platform
Venturousand
HangZhou TianYuan Pet Products (1996,
Hangzhou, Unfunded)
Online platform offering multi-category pet supplies
ZJU Joint Innovation Investmentand
Shenzhen Sunsun Technology (2014, Shenzhen,
Unfunded)
Provider of power management ICs
Nanshan Venture Capitaland
TPM3D (1999, Shanghai, Unfunded)
Manufacturer of selective laser sintering technology-
based industrial 3D printers
Beijing Qingke Tongrun Technology Investmentand
Em3Ai (2020, Beijing, Unfunded)
Provider of MR-based smart glasses
Forbrain (2012, Kowloon, Unfunded)
Provider of a memory training device for students
MeYo (2020, Unfunded)
Mobile app for communication management
CSJ Robots (2004, Hangzhou, Unfunded)
Manufacturer of professional robots for multiple
applications
Renguang Technology (2009, Haidian, Unfunded)
Provider of information interaction network
technology

IPO Date Company IPO Mcap Exchange Ticker
14 Dec 2021
SF Express (2016, Nanshan, )
Platform offering multi-category delivery services
$ HKG:9699
23 Dec 2021
Shanghai Baixin'an Biotechnology (2014, Pudong, $15.8M)
Developer of coronary stent system
$0.8B HKG:2185
22 Dec 2021
KOTEI (2002, Wuhan, )
Developer of software for connected cars and cities
$1.0B SZSE:301221
02 Dec 2021
Netease Music (2013, Guangzhou, $1.4B)
Online platform for streaming and downloading music
$ HKG:9899
30 Dec 2022
SenseTime (2014, Hong Kong, $2.8B)
Provider of deep learning-based image recognition solutions
$0.5B HKG:20
10 Dec 2021
Canbridge Life Sciences (2012, Beijing, $186M)
Development and commercialisation of anti-cancer drugs for China
and North Africa market
$ HKG:1228
16 Dec 2021
QC Play (2012, Xiamen, $46.7M)
Mobile game developers
$ HKG:6633
08 Dec 2021
Weibo (2009, Beijing, $586M)
Micro-blogging and content sharing platform
$ HKG:9898
IPOs
List of IPOs in China Tech in December 2021
China Tech: IPOs
25

Acquisitions
List of Acquisitions in China Tech in December 2021
China Tech: Acquisitions
26
Acq. Date Company Acquirer Deal Size
08 Dec 2021
Neat(2015, Hong Kong, $20.0M)
Cross-border money transfer solutions for businesses
Rapyd
09 Dec 2021
Luxclusif(2012, Hong Kong)
B2B platform for selling luxury secondhand goods
Farfetch
16 Dec 2021
Wuxiaworld(2014, Hong Kong)
Online comic book reading platform
kakaoent.com $37.5M

Recent News (1/2)
Recent News in China Tech in December 2021
China Tech:News
27
Exit News
.
● Snapdeal files DRHP for IPO to raise Rs 1,250 crore via fresh issue TechStory
.
● SenseTime relaunches $767 million Hong Kong IPO after US investment ban
Livemint
.
● WeLab to acquire Indonesian commercial bank Finextra
.
● Tencent is acquiring Back 4 Blood developer Turtle Rock Studios The Verge
.
● Richard Li’s FWD Withdraws U.S. IPO Plan With Pivot to Hong Kong Caixin Global
.
● Nubank sets the U.S. IPO stock issue price at $9 per share 36Kr
.
● Foxconn's India unit Bharat FIH files for $663 mln domestic IPO Financial Post
.
● SenseTime: Hong Kong IPO final price set at 3.85 Hong Kong dollars per share
36Kr
.
People News
.
● Alibaba names Toby Xu as CFO Financial Post
.
● OSL Hires Merrill Lynch and RBS Vet Jeff Howard as Head of North America
Business Development and Institutiona...CNW
.
● DouYu Announces Changes to its Board of Directors and Management PR
Newswire
.
● Lim leads APJ at Sitecore iTWire
.
Company News
.
● argenx Announces U.S. Food and Drug Administration (FDA) Approval of
VYVGART™ (efgartigimod alfa-fcab) in Gene... pipelinereview.com
.
Regulatory News
.
● China regulator suspends cyber security deal with Alibaba Cloud The Hindu
.
● Chinese AI company objects to blacklisting in US China Daily
.
● Feds Ground All US Investments in DJI PCMag
.
● China rebukes top investment bank over Lenovo's botched listing The Business
Times
.
● China to ban online brokers from offering offshore trading to mainland clients
Business Today

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