Tracxn - Geo Monthly Report - China Tech - Nov 2021

TRACXN MONTHLY REPORT
NOVEMBER 2021
CHINA TECH

China Tech - November 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 26
Acquisitions 27
Recent News 28

China Tech Snapshot – November 2021
China Tech: Snapshot – November 2021
Note : "Investors" refers to "Institutional Investors" only
3
$3.5B
81 3
Overall Geo Stats
20
6
247
53
99
Funding Rounds $ Invested Analyst Picks
Xiaohongshu
Upgraded to
DECACORN
New Investors
bjbna.com
Chengdu Hi-Tech
Development Group
Series A+ rounds Active Investors IPOs
Youju Interactive
LianBio
Acquisitions
4kmiles
Argus Scientific
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Shanghai
(22 Rounds, $1.3B)
Beijing
(12 Rounds, $731M)
Nanjing
(7 Rounds, $104M)
Shenzhen
(6 Rounds, $85.8M)
$500M - Series F
Xiaohongshu (2013, Shanghai, $900M)
$500M - Series C
Momenta (2016, Beijing, $1.3B)
$200M - Series C
Edge Medical Robotics (2017, Longgang,
$307M)
$188M - Series C
Gaoxian Technology (2013, Shanghai,
$325M)
Sequoia Capital
(5 Investments)
Temasek
(4 Investments)
Hillhouse Capital Group
(4 Investments)
CDH Investments
(3 Investments)
Autonomous Vehicles
Momenta
Professional Service Robots
Edge Medical Robotics
Social Commerce
Xiaohongshu
Healthcare IT
Beijing Changmu Valley Medical
Technology
Market Size
Companies Covered 27,585
Funded Companies 12,427
Total Funding $452B
Funding in last 12 months $61.0B
Top Exits
IPOs 446
Acquisitions 457
Company Stage
Unicorns 164
Soonicorns 565
Minicorns 931
Editor Picks 3,696
Series A+ 5,706
Series C+ 1,174
Acqui-Hires 2
Deadpooled 3,959
Top Cities
Beijing (5,384 Rounds, $129B)
Shanghai (3,087 Rounds, $77.2B)
Top Investors
Sequoia Capital (395 Investments)
Matrix Partners China (309
Investments)

Investment Snapshot
Investment Snapshot of China Tech as of November 2021
China Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (November 2021)*
Xiaohongshu
(2013, Shanghai, $900M)
$500M - Series F Temasek
Momenta
(2016, Beijing, $1.3B)
$500M - Series C SAIC Motor
Edge Medical Robotics
(2017, Longgang, $307M)
$200M - Series C Sequoia Capital
Gaoxian Technology
(2013, Shanghai, $325M)
$188M - Series C Capital Today Group
VOMMA
(2017, Shanghai, $155M)
$155M - Series C KKR
Cyclone
(2018, Shanghai, $150M)
$150M - Series C CMC Capital
Qupital
(2016, Hong Kong, $167M)
$150M - Series B
Greater Bay Area Homeland
Investments
SpotOn
(2017, , $113M)
$113M - Series A
Meican
(2011, Beijing, $133M)
$100M - Series E Centurium Capital
Moka HR
(2015, Beijing, $142M)
$100M - Series C Tiger Global Management
Beijing Changmu Valley
Medical Technology
(2018, Haidian, $106M)
$84.4M - Series B IDG Capital
*Shows only the lead Investors

List of Funding Rounds (1/12)
List of Funding Rounds in China Tech in November 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
$15.6M - Series C
Odian Cloud (2015, , $15.6M)
Provider of cloud-based supply chain management
platform
Zhejiang Haibang Investment Management
LATE STAGE
$15.6M - Series C
Bright Field of Vision (2014, Chaoyang, $48.3M)
Provider of AI-powered smart glasses for multiple
purposes
Anxin Securities, United Microelectronics,
LATE STAGE
$15.7M - Series C
Help Stem Cell Innovations (2016, Nanjing,
$23.1M)
Developer of cell therapies for cardiovascular diseases
Jinmao Investment, , Zi Niu Fund, Juming Venture
Capital, Share Capital
LATE STAGE
$31.3M - Series C
Startdt (2016, Hangzhou, $76.3M)
Provider of AI-based solutions for smart retail stores
Taikang Insurance Group, Hermed Capital, Bytedance,
Yunxiu Capital
LATE STAGE
$40.0M - Series D
Tezign (2014, Shanghai, $56.1M)
Online freelance designer marketplace
Temasek
LATE STAGE
$46.9M - Series C
Zhengxu Biotechnology (2020, Pudong, $46.9M)
Developer of gene-editing technology to treat genetic
diseases
Lilly Asia Ventures, Boyu Capital, Sequoia Capital
LATE STAGE
$46.9M - Series D
Weiyuan Gene (2018, Guangzhou, $120.7M)
Provider of gene editing and sequencing technology for
precision medicine
Boyu Capital, CDH Investments, VGC Partners
LATE STAGE
$47.0M - Series E
Ustar Biotechnologies (2005, Hangzhou, $61.8M)
Isothermal amplification kits for pathogen detection
and genotyping of infectious diseases
CITIC Industry Fund, Shenzhen Dongfang Fuhai
Investment Management
LATE STAGE
$50.1M - Series D
Wuhan Landing Medical Hi-Tech (2000, Wuhan,
$50.1M)
AI-powered remote digital pathology analysis
irasia.com,

6
LATE STAGE
$58.9M - Series C
ThinkingData (2015, Shanghai, $77.9M)
Full-stack data analytics platform
Sequoia Capital, Blue Lake Capital, Linear Venture, GSR
Ventures
LATE STAGE
$63.0M - Series C
Wuhan Newfoss Biotechnology (2008, Wuhan,
$125.0M)
Developer of drugs for retina related diseases
Sequoia, , Sunshine Insurance Group, CMB
International
LATE STAGE
$70.0M - Series D
Hesai Technology (2013, Shanghai, $598.2M)
Developer of LiDAR-based sensors for autonomous
vehicles
Xiaomi
LATE STAGE
$100.0M - Series C
Moka HR (2015, Beijing, $142.3M)
Recruitment management software solution
Tiger Global Management, Blue Lake, GSR Ventures, GL
Ventures, Hillhouse Capital Group, and 1 more
LATE STAGE
$100.0M - Series E
Meican (2011, Beijing, $132.9M)
Online platform for ordering meals
Centurium Capital
LATE STAGE
$150.0M - Series C
Cyclone (2018, Shanghai, $150.0M)
Artificial intelligence-based robotic process automation
solutions provider
CMC Capital, , V Fund, Matrix Partners China, Source
Code Capital, and 1 more
LATE STAGE
$155.0M - Series C
VOMMA (2017, Shanghai, $155.0M)
Manufacturer of light field technology-based 3D
cameras
KKR, 5Y Capital, GGV Capital
LATE STAGE
$187.8M - Series C
Gaoxian Technology (2013, Shanghai, $324.6M)
Provider of service robot platforms and robot
accessories
Capital Today Group, SoftBank Vision Fund, Jinyi
Capital, BlueRun Ventures, Grand Flight Investment

7
LATE STAGE
$200.0M - Series C
Edge Medical Robotics (2017, Longgang, $306.7M)
Developer of robots-based surgery for doctors
Sequoia Capital, Temasek, Boyu Capital, Greater Bay
Area Homeland Investments, 3H Health Investment,
and 6 more
LATE STAGE
$500.0M - Series C
Momenta (2016, Beijing, $1.3B)
Developer of autonomous driving software
SAIC Motor, General Motors, Toyota, Bosch, Temasek,
and 1 more
LATE STAGE
$500.0M - Series F
Xiaohongshu (2013, Shanghai, $900.0M)
Online community-based shopping and
recommendation platform
Temasek, Tencent, Tiantu Capital, Genesis Capital,
Alibaba Group
LATE STAGE
Series D
XYLink (2014, Beijing, $78.6M)
Video conference solution for enterprises
China Construction Bank, ,
LATE STAGE
Series F
Qingting (2011, Pudong, $162.0M)
Mobile app based radio station aggregator
COL, Xiaomi
LATE STAGE
Series C
Sanjieke (2015, Beijing, $18.8M)
Online training platform for product development roles
Udemy
LATE STAGE
Series D
Paraview Software (2008, Shanghai, $53.2M)
MFA and account management based solutions
provider
Hillhouse Capital Group, Shanghai Entrepreneurship
Relay Technology Financial Group, Apple Capital,
Nanhong Capital, , and 1 more
LATE STAGE
Series D
Beijing Yimiao Shenzhou Pharmaceutical
Technology (2015, Haidian, $42.8M)
Developer of AVV cell therapy for the treatment of
cancer
China Life Insurance, GF Securities, SDIC Venture
Capital, , Yajie Chamber of Commerce, and 1 more
LATE STAGE
Series C
JAKA (2014, Minhang, $85.8M)
Provider of collaborative robots for industrial
applications

8
EARLY STAGE
$4.7M - Series A
Zhijian (2013, Shanghai, $4.7M)
Platform offering customer data solutions
EARLY STAGE
$5.0M - Series A
TALON (2017, Hong Kong, $7.3M)
Online player organization & video content provider for
gameplay, lifestyle & sports psychology
Animocabrands
EARLY STAGE
$5.8M - Series A
ALEX (2021, Hong Kong, $5.8M)
Blockchain-based infrastructure for the financial
industry
White Star Capital, Blockchain Capital, OKEX, Global
Blockchain Innovative Capital, CULTUR3
EARLY STAGE
$8.7M - Series B
Chengdu Yibo Information Technology (2013,
Chengdu, $11.9M)
Provider of cloud-driven parking management systems
Chengdu Hi-Tech Development Group
EARLY STAGE
$10.3M - Series A
Gradient (2020, Calgary, $10.3M)
Cloud based MSP management software provider
Anthos Capital, StoneMill Ventures, Gula Tech
Adventures, Accelerate Fund
EARLY STAGE
$13.5M - Series A
StartSe (2014, Sao Paulo, $13.5M)
App-based platform offering multi-disciplinary online
courses
Patria Investments
EARLY STAGE
$14.8M - Series A
Ariel Rider (2009, Hong Kong, $14.8M)
Developer of electric bicycles
EARLY STAGE
$15.5M - Series A
Biocomma (2006, Shenzhen, $15.5M)
Provides molecular biology products
Shenzhen Capital Group, Shenzhen Gaoxintou Group,
Bioventure, SB China Capital
EARLY STAGE
$15.6M - Series B
Sino Valley Biotechnology (2012, Changping,
$15.6M)
Provider of genetic testing for canine and other pet
animals
Tianjin Ringpu Bio-Technology, Bioventure, ,

9
EARLY STAGE
$15.6M - Series A
Ouyi Biomedical Technology (2009, Minhang,
$15.6M)
Provider of multi-omics testing services
Sinopharm Capital, Dingshi Huize Investment
Management, Orient Securities Capital
EARLY STAGE
$15.6M - Series B
Zhitu Technology (2019, Suzhou, $15.6M)
Provider of cloud-enabled autonomous trucks for
transport & logistics industry
Bank of China Group Investment,
EARLY STAGE
$15.6M - Series B
Flying Tiger Interactive Technology (2016,
Beijing, $15.6M)
Communication solutions for financial institutions
Shunwei Capital
EARLY STAGE
$15.6M - Series A
yMatrix (2020, Beijing, $15.6M)
Provider of a database platform for IoT applications
Chenshan Capital, Shenzhen Dongfang Fuhai
Investment Management,
EARLY STAGE
$15.6M - Series B
Guangzhou Micron Biotechnology (2013,
Guangzhou, $15.6M)
Provider of in vitro diagnostic reagents and devices
CICC Capital, , Medfine Capital, Chuangyu Investment
EARLY STAGE
$15.7M - Series A
Beijing Huayunan Information Technolog
(2012, Haidian, $15.7M)
AI based vulnerability intelligence and management
platform
Cowin Capital
EARLY STAGE
$15.7M - Series B
Blue Core Technology (2016, Hangzhou, $15.7M)
Provider of AI-enabled robotic vision systems for
warehouses
EARLY STAGE
$15.7M - Series A
Zbeetle (2021, Shenzhen, $15.7M)
Manufacturer of cleaning robots
INCE CAPITAL, Maison Capital, Cathay Capital,
EARLY STAGE
$18.8M - Series B
Novlead (2018, Nanjing, $18.8M)
Developer of medical devices for pulmonary diseases
Lilly Asia Ventures, Northern Light Venture Capital, 3E
Bioventures Capital

10
EARLY STAGE
$20.3M - Series A
Dynamic BioSystems (2021, Changan, $20.3M)
Developer of technologies for multi-omics single-cell
analysis
HM Capital, Longteng Rongsheng Investment
Management, Hillhouse Capital Group, Lin Changqing
EARLY STAGE
$30.0M - Series A
Xtimes Technology (2021, Nanjing, $30.0M)
Provider of a suite of electronic design automation
tools for chip designing
SK
EARLY STAGE
$34.4M - Series B
Tasson (2015, Haidian, $34.4M)
Provider of programmable SoCs for networking and
other customized applications
, , , Bohua Capital, , and 2 more
EARLY STAGE
$40.0M - Series A
Abrev Biotechnology (2018, Nanjing, $40.0M)
Provider of antibody-drug development platform for
life sciences research
Qiming Venture Partners, Firstred, TF Capital, Medfine
Capital, IDG Capital, and 1 more
EARLY STAGE
$47.0M - Series B
Maxieye (2010, Shanghai, $70.3M)
ADAS products & autopilot systems for automotive
People's Daily, Changzhou Xingyu Lights, Yonghua
Capital, FTZ Fund
EARLY STAGE
$50.0M - Series B
Whale warehouse (2012, Shenzhen, $86.6M)
Developer of robotic solutions for warehouse
automation
Megvii, Baidu Ventures, XVC, , GSR United Capital
EARLY STAGE
$70.0M - Series B
FJ Dynamics (2017, Nanshan, $99.4M)
Provider of robots and automated systems for multiple
industries
EARLY STAGE
$70.0M - Series B
Anjisheng Biomedical Technology (2018,
Guangzhou, $70.0M)
Developer of drugs for muscle, bone, and joint diseases
Morningside Ventures, Firstred, 3H Health Investment,
Orbimed, Legend Capital, and 3 more
EARLY STAGE
$75.0M - Series A
Aboz Pharmaceuticals (2021, Shanghai, $75.0M)
Developer of targeted radiotherapy for cancer
treatment
Vivo Capital, Advantech Capital, Samsara, VenBio, , and
3 more

11
EARLY STAGE
$78.1M - Series B
Hangzhou Jianhai Technology (2015, Hangzhou,
$101.2M)
AI and cloud-based disease management intelligent
tool for healthcare professionals
3H Health Investment, China Renaissance Group,
Sequoia Capital
EARLY STAGE
$84.4M - Series B
Beijing Changmu Valley Medical Technology
(2018, Haidian, $106.0M)
Provider of an AI based joint replacement 3D surgical
planning system
IDG Capital, CDH Investments, Bioventure
EARLY STAGE
$112.6M - Series A
SpotOn (2017, , $112.6M)
Platform offering cloud monitoring software for Google
cloud
EARLY STAGE
$150.0M - Series B
Qupital (2016, Hong Kong, $167.0M)
Online lending platform for international trade
financing
Greater Bay Area Homeland Investments, Nordstar,
Silverhorn, Innovation and Technology Fund,
Mindworks Capital, and 1 more
EARLY STAGE
Series A
Yuan Oak Technology (2017, Beijing)
Offers software and hardware-based solutions for
object detection
CTC Capital, Shenzhen Capital Group, Tongdu Capital
EARLY STAGE
Series B
Beijing Surgerii Technology (2014, )
Developer of a laparoscopic surgical robot system
Medtronic
EARLY STAGE
Series A
Yunpai Technology (2021, Guangdong)
Provider of a cloud-based 3D electromagnetic
simulation software
EARLY STAGE
Series B
Yeloworld (2018, Shanghai)
Provider of cloud-based warehouse management
solutions
Wanhua Chemical Group,
EARLY STAGE
Series B
Ykccn.com (2016, Nanjing, $14.5M)
Software solutions for electric vehicle charging station
operators and end-customers
OPPO, Weilai Capital, Contemporary Amperex
Technology, ProLogis

12
EARLY STAGE
Series B
Cool College (2017, Beijing, $14.9M)
Learning platform for corporate training
Source Code Capital, Cathay Capital, Qiming Venture
Partners, Yunqi Partners
EARLY STAGE
Series A
Yingji Power (2013, Changzhou)
Provider of a cloud-based smart heating platform for
commercial applications
Zhejiang University, Changzhou Hi-tech Group
EARLY STAGE
Series B
Sanjieke (2015, Beijing, $18.8M)
Online training platform for product development roles
Owl Ventures
EARLY STAGE
Series B
Antwork (2015, Hangzhou, $4.7M)
Provider of drones for last-mile deliveries
Unity Ventures, Raytheon Capital
EARLY STAGE
Series A
KYinno (2017, Beijing)
Provider of engineered cell lines for the discovery of
oncology drugs
Matrix Partners China, Mountain Blue Capital, , , Grains
Valley Venture Capital, and 3 more
EARLY STAGE
Series B
Huayin (2020, )
App-based platform for video messaging
China Renaissance Group, Trustbridge Partners
EARLY STAGE
Series A
Simright (2016, Pudong)
Provider of cloud-based 3D structural analysis software
Fortune Capital,
EARLY STAGE
Series A
Starlogic Intelligent Technology (2017, Shanghai,
$1.5M)
Provider of drone-based aerial data acquisition and
analysis services
Yuanhe Holdings, , Yuanzhan Equity Investment
Management
EARLY STAGE
Series A
Beijing Guoke Biological Technology (2017,
Changping)
Provider of genomic service platform for genetic
testing
Maccura,

13
EARLY STAGE
Series B
Xingeyuan Biotechnology (2018, Nanjing, $84.5M)
Developer of a platform for single-cell transcriptome
analysis for drug discovery
Lake Bleu Capital, Firstred, MSA, Arch Venture
Partners, , and 6 more
EARLY STAGE
Series A
JBD (2015, Shanghai)
Manufacturer of micro-LED displays
Cowin Capital
EARLY STAGE
Series B
Galaxy Water Drop Technology (2016, Beijing,
$14.4M)
Provider of AI-powered multi-modal biometric systems
Haitong Securities,
EARLY STAGE
Series B
DeepFinance (2011, Shanghai, $30.7M)
Software for loan lifecycle management
PwC
EARLY STAGE
Series B
Zhongke Shenzhi (2019, Fengtai)
Animation software solutions provider
MYEG, Chenshan Capital
EARLY STAGE
Series A
GenHigh Tech (2017, Shenzhen)
Online retailer offering multi-category electronics
products
Shunwei Capital, Sequoia Capital
EARLY STAGE
Series B
UUpt.com (2014, Zhengzhou, $61.1M)
Provider of mobile app-based concierge services
58City, Youshan Capital
EARLY STAGE
Series A
Jiangsu Qunjie IOT Technology (2014, Nanjing)
Provider of IoT-based smart seal management solution
EARLY STAGE
Series A
Umer (2015, Shanghai)
Skincare related content and doctor-patient interaction
platform
Cenova Ventures

14
EARLY STAGE
Series A
RealAI (2018, Haidian, $46.9M)
Developer of AI platform for multi-industry verticals
China Internet Investment Fund, Shenzhen
Cornerstone Asset Management, Koala Fund, Green
Pine Capital Partners, Delta Capital
SEED STAGE
$498.3K - Seed
NAVEE (2020, Suzhou, $498.3K)
Developer of electric kickscooters
SEED STAGE
$1.0M - Angel
KOKOLU (2018, Hong Kong, $1.0M)
Internet first brand offering shoes
UpHonest Capital
SEED STAGE
$4.7M - Seed
Neoimmune (2020, Shenzhen, $4.7M)
Provider of immunodiagnosis platform for the
detection of tumors
Kindstar, Ruijiang
SEED STAGE
$5.0M - Seed
desty (2020, , $8.2M)
Provider of eCommerce solution for businesses
East Ventures, Jungle Ventures, Fosun RZ Capital,
January Capital
SEED STAGE
$5.0M - Angel
Box (2017, , $5.0M)
Developer of gaming engines
Atypical
SEED STAGE
$15.6M - Seed
Yaorongyun Digital Technology (2020, Shanghai,
$15.6M)
Provider of an online healthcare database platform
Yijing Capital, Efung Capital, Yoyin Medical
SEED STAGE
$15.7M - Seed
Sailner (2006, Zhuhai, $15.7M)
Manufacturer of 3D printers and printing materials
Legend Capital
SEED STAGE
Seed
MOBOX (2018, Kowloon)
Online platform for the management of NFTs of
various games
Binance

15
SEED STAGE
Seed
INMO (2020, Nanshan)
Provider of AR-based smart glasses
Matrix Partners, Jun Sheng Investment Management,
Unity Ventures
SEED STAGE
Angel
Shenzhen Tianan Zhiyuan Sensing Technology
(2019, Shenzhen)
Manufacturer of multi-parametric sensors
Shenzhen Capital Group, Star Technology Incubator,
Inno Angel Fund, Shenzhen Anche Testing, Dr. Ye
Weizhong
SEED STAGE
Seed
ACXEL (1999, Foshan)
Provider of microfluidic technology and solutions for
life sciences industries
Winsdom Capital, Cowin Capital, Linear Venture, Virtus
Inspire Ventures
SEED STAGE
Seed
Shanghai Mobile Vision Network Technology
(2015, Shanghai)
AI-based disease diagnosis tool for healthcare
proffesionals
, Huaige Capital, BioTrack Capital
SEED STAGE
Seed
Kaidian.cloud (2020, Shanghai)
Platform offering franchise chain collaboration solution
for offline businesses
Shunwei Capital, In Capital, Challenger Capital
SEED STAGE
Seed
Ditai Electronic Technology (2010, Ningbo)
Provider of communication systems for satellites
Addor Capital, ,
SEED STAGE
Seed
Shanghai Heart Box Technology (2021, Huangpu)
Platform offering software for brand management
DCM Ventures
SEED STAGE
Seed
Shanghai Miaoxiang Technology (2020,
Shanghai)
Provider of AI-powered SaaS-driven solutions for
prefabrication industries
5Y Capital, Steppe Capital, Hillhouse Capital Group
SEED STAGE
Seed
DPVR (2015, Shanghai)
Provider of virtual reality headsets
, CQY Capital,

16
SEED STAGE
Angel
Zhen Ling Yinuo-Contract Management
System (2021, Changning)
Cloud-based contract management software
Blue Lake Capital, Plum Ventures

New Investors (1/2)
List of New Investors in China Tech in November 2021
China Tech: List of New Investors
17
Investor Company Info Round Amount Round Name
bjbna.com
1 portfolio companies |
Sino Valley Biotechnology
Provider of genetic testing for canine and other pet animals
$15.61M Series B
Chengdu Hi-Tech Development Group
1 portfolio companies | Real estate, industrial park and hotel developer
Chengdu Yibo Information Technology
$8.74M Series B
yitaifund.cn
Wuhan Landing Medical Hi-Tech
AI-powered remote digital pathology analysis
$50.07M Series D
kdlchina.com
Shanghai Mobile Vision Network Technology
AI-based disease diagnosis tool for healthcare proffesionals
Undisclosed Seed
Patria Investments
4 portfolio companies | Private equity firm focused on agribusinesses,
healthcare, and food sectors
StartSe
App-based platform offering multi-disciplinary online courses
$13.53M Series A
lavenderhillcapital.com
Cyclone
Artificial intelligence-based robotic process automation solutions
provider
$150M Series C
investshunyi.com
1 portfolio companies | Hauptseite
yMatrix
$15.64M Series A
superstringcap.com
Xingeyuan Biotechnology
Developer of a platform for single-cell transcriptome analysis for drug
discovery
Undisclosed Series B
canhung.com
Guangzhou Micron Biotechnology
Provider of in vitro diagnostic reagents and devices
$15.64M Series B
queshancapital.com
KYinno
Provider of engineered cell lines for the discovery of oncology drugs
Undisclosed Series A

New Investors (2/2)
List of New Investors in China Tech in November 2021
China Tech: List of New Investors
18
Investor Company Info Round Amount Round Name
StoneMill Ventures
3 portfolio companies | Venture capital firm investing in seed-stage startups
Gradient
$10.30M Series A
Longteng Rongsheng Investment Management
1 portfolio companies | Private equity firm focused on multiple sectors
Dynamic BioSystems
Developer of technologies for multi-omics single-cell analysis
$20.30M Series A
dreamstech.cn
Anjisheng Biomedical Technology
Developer of drugs for muscle, bone, and joint diseases
$70.00M Series B
smartinternetindustryfund.vdtrxn
1 portfolio companies | Limited information available
XYLink
Video conference solution for enterprises
Undisclosed Series D
VenBio
50 portfolio companies | Early to late stage life sciences-focused VC firm
investing primarily in the US and the UK
Aboz Pharmaceuticals
Developer of targeted radiotherapy for cancer treatment
$75.00M Series A
cmg-sdiccaptial.vdtrxn
Wuhan Newfoss Biotechnology
Developer of drugs for retina related diseases
$63.00M Series C
Venrock
12 portfolio companies | VC & PE firm focused on healthcare sector
Aboz Pharmaceuticals
Developer of targeted radiotherapy for cancer treatment
$75.00M Series A
gzsunrun.cn
Tasson
Provider of programmable SoCs for networking and other customized
applications
$34.44M Series B
White Star Capital
91 portfolio companies | Early stage VC fund focused on investing in startups
based out of North America & Europe
ALEX
Blockchain-based infrastructure for the financial industry
$5.80M Series A
tianxuntongzai.vdtrxn
Tasson
Provider of programmable SoCs for networking and other customized
applications
$34.44M Series B

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 $4.8B 5 Hunan Xingshe.. | $3.0B | Series D
2 -- Online B2C Grocery Group Buying $3.7B 2 Xingsheng Com.. | $3.0B | Series D
3 ▲93 Automotive SoC $2.8B 8 Horizon Robot.. | $1.5B | Series C
4 ▲267 Autonomous Cars $2.5B 18 Momenta | $500M | Series C
5 ▼-4 Electric Car Manufacturers $1.7B 5 Leap Motor | $694M | Series C
6 ▲40 Web Based Platform for Doctor Consultation $1.5B 6 Miaoshou Doctor | $466M | Series E
7 ▼-4 Drugs for Multiple Cancer Types $1.5B 48 Clover Biopha.. | $230M | Series C
8 ▼-2 Car Ride Hailing $935M 3 Cao Cao Car | $589M | Series B
9 ▲2 SoC IoT $831M 10 Unisoc | $815M | Series E
10 ▲19 Machine Learning Platforms $747M 3 4Paradigm | $700M | Series D

New Analyst Picks (1/6)
Interesting Companies identified by Analysts in China Tech in November 2021
China Tech: Analyst Picks
20
Upgraded to DECACORN
Xiaohongshu (2013, Shanghai, $100M, Series C)
Online community-based shopping and
recommendation platform
Alibaba Group, Tiantu Capital, Zhen Fund and 8 other
Investors
Upgraded to UNICORN
Tezign (2014, Shanghai, $1.1M, Seed)
Online freelance designer marketplace
C Ventures Fund, Unicorn Capital Partners, Sequoia
and 10 other Investors
Upgraded to UNICORN
Moka HR (2015, Beijing, $26.8M, Series B)
Recruitment management software solution
GSR Ventures, Xiang He Capital, GGV Capital and 6
other Investors
Upgraded to SOONICORN
FJ Dynamics (2017, Nanshan, $15.3M, Series A)
Provider of robots and automated systems for multiple
industries
Tencent, Greater Bay Area Homeland Investments,
Yuanzhen Value Investment and 3 other Investors
Xingeyuan Biotechnology (2018, Nanjing, $10.0M,
Series A)
Developer of a platform for single-cell transcriptome
analysis for drug discovery
, CDH Investments, SB China Capital and 13 other
Investors
Qupital (2016, Hong Kong, Undisclosed, Series A)
Online lending platform for international trade
financing
Innovation and Technology Fund, DRL Capital,
Superseed Ventures and 12 other Investors
Bright Field of Vision (2014, Chaoyang, $15.6M,
Series C)
Provider of AI-powered smart glasses for multiple
purposes

21
Cyclone (2018, Shanghai, $150M, Series C)
Artificial intelligence-based robotic process automation
solutions provider
Qianhai Renzhi Capital Management, Goldman Sachs
Asset Management, Source Code Capital and 6 other
Investors
Whale warehouse (2012, Shenzhen, $10.9M, Series
B)
Developer of robotic solutions for warehouse
automation
, Baidu Ventures, XVC and 5 other Investors
Aboz Pharmaceuticals (2021, Shanghai, $75.0M,
Series A)
Developer of targeted radiotherapy for cancer
treatment
Samsara, VenBio, Advantech Capital and 5 other
Investors
SpotOn (2017, , $113M, Series A)
Platform offering cloud monitoring software for Google
cloud
Upgraded to MINICORN
TALON (2017, Hong Kong, $5.0M, Series A)
Online player organization & video content provider for
gameplay, lifestyle & sports psychology
New Wave Esports, Sean Hunt, Widus Partners and 4
other Investors
ALEX (2021, Hong Kong, $5.8M, Series A)
Blockchain-based infrastructure for the financial
industry
OKEX, CULTUR3, Blockchain Capital and 2 other
Investors
StartSe (2014, Sao Paulo, $13.5M, Series A)
App-based platform offering multi-disciplinary online
courses
Patria Investmentsand
Gradient (2020, Calgary, $10.3M, Series A)
Gula Tech Adventures, Accelerate Fund, Anthos Capital
and 1 other Investors
Beijing Huayunan Information Technolog
(2012, Haidian, Undisclosed, Series A)
AI based vulnerability intelligence and management
platform
Cowin Capital,DCM Venturesand
Abrev Biotechnology (2018, Nanjing, $40.0M,
Series A)
Provider of antibody-drug development platform for
life sciences research
Firstred, Octagon Capital, IDG Capital and 3 other
Investors
Flying Tiger Interactive Technology (2016,
Beijing, Undisclosed, Seed)
Communication solutions for financial institutions
Tencent,Shunwei Capital,Capitaland
Ariel Rider (2009, Hong Kong, $14.8M, Series A)
Developer of electric bicycles

22
Blue Core Technology (2016, Hangzhou,
Undisclosed, Seed)
Provider of AI-enabled robotic vision systems for
warehouses
BlueRun Ventures,Weiss Capital,Fenghou Capitaland
Sailner (2006, Zhuhai, $15.7M, Seed)
Manufacturer of 3D printers and printing materials
Legend Capitaland
Chengdu Yibo Information Technology (2013,
Chengdu, $3.2M, Series A)
Bangshi Capital,Sichuan Zhongxin Asset
Management,Chengdu Hi-Tech Development
Groupand
yMatrix (2020, Beijing, $15.6M, Series A)
Shenzhen Dongfang Fuhai Investment
Management,Chenshan Capital,and
Dynamic BioSystems (2021, Changan, $20.3M,
Series A)
Developer of technologies for multi-omics single-cell
analysis
Longteng Rongsheng Investment Management, HM
Capital, Hillhouse Capital Group and 1 other Investors
Zbeetle (2021, Shenzhen, $15.7M, Series A)
Manufacturer of cleaning robots
INCE CAPITAL, , Cathay Capital and 1 other Investors
Zhitu Technology (2019, Suzhou, $15.6M, Series B)
Provider of cloud-enabled autonomous trucks for
transport & logistics industry
Bank of China Group Investment,and
Odian Cloud (2015, , $15.6M, Series C)
Provider of cloud-based supply chain management
platform
Zhejiang Haibang Investment Managementand
Box (2017, , $5.0M, Angel)
Developer of gaming engines
Atypicaland

23
Added to Editor's Pick
MOBOX (2018, Kowloon, Undisclosed, Seed)
Online platform for the management of NFTs of
various games
Binanceand
Metajoy (2018, Chengdu, Unfunded)
Developer and publisher of casual mobile games
JoyPlus (2017, Unfunded)
Developer of mobile games focusing on role-playing
games
PrettyUp (2021, Guangzhou, Unfunded)
App-based photo and video editing platform
BIGCOOL (2018, Hangzhou, Unfunded)
Developer of mobile games focusing on casual games
Beijing Surgerii Technology (2014, , Undisclosed,
Series A)
Developer of a laparoscopic surgical robot system
Medtronic, Tianfeng Capital, Shunwei Capital and 1
other Investors
MoDian (2014, Beijing, $1.5M, Seed)
Crowdfunding platform for movies, games and
animated videos
Weibo, Zhen Fund, Chukong and 1 other Investors
DPVR (2015, Shanghai, Undisclosed, Seed)
Provider of virtual reality headsets
,,CQY Capitaland
HelloTalk (2018, Hong Kong, Unfunded)
App-based platform providing multi-language courses
Byaah (2021, Beijing, Unfunded)
Provider of a video-dating platform
XuanBian (2021, Shanghai, Undisclosed, Seed)
Manufacturer of IoT and AI-based professional robot
systems for multiple applications
Shunwei Capitaland
Finblox (2021, Hong Kong, Unfunded)
App-based trading platform for cryptocurrency
Venturra Capitaland

24
gams Environmental Monitoring (2014,
Shanghai, Unfunded)
Cloud-based platform for environmental monitoring
Starlity (2019, Tsuen Wan, Unfunded)
Platform offering storefront solution for eCommerce
businesses
Taiwan Startup Stadiumand
Aurabeat (2020, Hong Kong, Unfunded)
Platform offering air purifier
Shoplazza (2017, Shenzhen, Unfunded)
Provider of cross-border e-commerce for online
businesses
Next Capitaland
Varadise (2018, Hong Kong, Unfunded)
Provider of an AI-based digital twin platform for the
visualising assets
Dino (2021, Guangdong, Unfunded)
Provider of a dating platform for game lovers
SHOPLINE (2013, Hong Kong, Unfunded)
Provider of cloud-based software suite solutions for
cross-border e-commerce business
Cicada Technology (2019, Xian, Unfunded)
Provider of SaaS and AI-based school management
solutions
Videopark (2009, Hangzhou, Unfunded)
Provider of AI and IoT-based video surveillance systems
MarketBot (2021, Hong Kong, Unfunded)
Provider of AI-enabled solutions for companies for
cashback management
FaxWAN (2018, Tianhe, Unfunded)
Cloud based SD WAN networking solutions provider
Displayforce (2017, Hong Kong, Unfunded)
Provider of digital signage and audience analytic
solutions

25
Wall Tech (2015, Yangpu, Unfunded)
Provider of web-based cross-border logistics platform

IPO Date Company IPO Mcap Exchange Ticker
08 Nov 2021
Youju Interactive (2017, Beijing, )
Platform offering video marketing solutions to enterprises
$0.7B HKG:1948
01 Nov 2021
LianBio (1999, Shanghai, $313M)
Developer of therapeutics for cardiorenal and oncology diseases
$325M NASDAQ:LIAN
02 Nov 2021
Rena Intelligent Equipment (2008, Hefei, )
AI-driven platform offering HVAC management solutions for
commercial applications
$0.6B SZSE:301129
IPOs
List of IPOs in China Tech in November 2021
China Tech: IPOs
26

Acquisitions
List of Acquisitions in China Tech in November 2021
China Tech: Acquisitions
27
Acq. Date Company Acquirer Deal Size
01 Nov 2021
4kmiles(2017, Tianhe)
Advertising management platform
Ascential
01 Nov 2021
Argus Scientific(2014, Suzhou)
Developer of a medical device that uses OCT for diagnostics
MicroPort $58.1M
03 Nov 2021
StudentApply(2020, Hong Kong)
Online web-based platform providing admission assistance
solutions for students
QS Quacquarelli Symonds
09 Nov 2021
Shanghai Xiangxin Cloud Network Technology(2014, Shanghai)
Platform offering store performance management software for
businesses
Weimob $34.4M
17 Nov 2021
Global Cloud Xchange(1988, Hong Kong)
Offers cloud infrastructure and consulting
3i Infrastructure $408.5M
23 Nov 2021
Squarefoot.com.hk(2005, Hong Kong)
Listing Platform in Hong Kong.
28Hse

Recent News (1/2)
Recent News in China Tech in November 2021
China Tech:News
28
Exit News
.
● Those who got Paytm’s IPO shares have already lost over ₹2,600 on each lot
that cost them ₹12,900 Indiatimes
.
● Cboe Global Markets Agrees to Acquire NEO, Strengthening Global Equities
OfferingICrowdNewswire
.
● Tycoon Richard Li’s FWD considers shifting US IPO to Hong Kong Financial Post
.
● Jihan Wu’s Bitcoin Mining Firm Seeks U.S. Listing in SPAC Deal BloombergQuint
.
● Tencent buys maker of hit Nintendo Switch games Tech in Asia
.
● Huawei in talks to sell x86 server business TelecomLead
.
● Tencent to acquire Japanese publishing company Kadokawa MARKETING-
INTERACTIVE
.
● Yeahka Invests Rmb100 ЬIllion To Acquire 60% Stake In Qianqianhui To Expand
Its In-store E-commerce Service So... Financial IT
.
Fund News
.
● Sfermion Closes $100M NFT Fund FinSMEs
● Zoran Roso joins Tencent Games as global publishing marketing director MCV
.
● Baidu appoints Luo as CFO Telecompaper
.
● JD.com’s Southeast Asia Chief to Join Cloud Kitchen Startup Caixin Global
.
● Connect Biopharma Expands Executive Leadership Team with Hire
infomeddnews.com
.
● SmarTone names Tencent VP as new head MobileWorldLive
.
● 36kr announced the appointment of Wei Lin as the new chief financial officer
36Kr
.
Company News
.
● Antengene Receives FDA Approval of IND for Phase 1 Trial of ATG-101 (PD-
L1/4-1BB bispecific antibody) in Solid... pipelinereview.com
.
● Junshi Bio: The application for the approval of the biological product for the
treatment of nasopharyngeal car... 36Kr
.
Regulatory News
.
● China demands Didi action over US listing MobileWorldLive

Recent News (2/2)
Recent News in China Tech in November 2021
China Tech:News
29
● China Fines Alibaba, Tencent in Latest Antitrust Investigation Caixin Global
.
● China suspends Tencent from updating or launching apps in Mainland China
Pocket Gamer
.
● ZTE to pay CompCom R5m for anti-trust conduct in SA ITWeb

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