Led · Series B · Jan 2021

一脉阳光 was founded by senior medical imaging professionals and has developed into a rapidly expanding third-party medical imaging group over three years. Its core offering is a “1+2” model: third-party regional imaging centers, the proprietary “一脉云” medical imaging cloud platform, and a medical imaging academy for training clinicians and technicians. The group now runs dozens of offline imaging centers across multiple Chinese provinces, with its network covering Beijing, Jiangxi, Zhejiang, Shandong, Guangxi, Guangdong, Liaoning, Jilin, Hubei, Hunan, and Inner Mongolia. Operational metrics disclosed include daily examination volumes exceeding 10,000 people, a cloud archive of about 1 million imaging records, and training of over 1,000 imaging doctors. The company plans to build a 2.0 version of its group focused on deeper integration of medical operations, talent and technology, online–offline service integration, and expanded use of AI, big data, and cloud computing. After the financing, leadership says it will accelerate expansion of imaging centers, strengthen talent development, and push technology and intelligent-diagnosis upgrades.

Led · Series C · Dec 2020

Weimai is a Chinese startup that offers Internet-based healthcare solutions to hospitals and patients. The company’s offerings focus on connecting hospitals and patients through online healthcare services. Weimai has raised $100 million in a Series C+ round of financing. The Series C+ was led by Baidu Capital. Baidu Capital is the corporate investment platform of search engine giant Baidu.

Led · Equity · Nov 2020

XAG produces drones for crop protection, fertilizer spraying, remote sensing, and seeding that can be controlled from a smartphone, and has expanded into ground-based agricultural robots, surveillance cameras, and weather sensors. The company says it operates across more than 100 million acres of farmland in 42 countries and serves close to 5 million smallholder farmers. XAG reported revenue growth of 253% for 2020. The startup plans to use the new funding to boost R&D and further develop its robotics products. Management frames its strategy as building an unmanned agro-ecosystem to support rural development and global food security. Founded in 2007 and having entered agtech in 2013, XAG (also known as XAircraft or Jifei Technology) builds hardware and software for precision agriculture. Its product suite includes agricultural and remote-sensing drones, unmanned ground vehicles, and agriculture IoT devices and software that enable accurate crop spraying, granular spreading, field scouting, on-farm material delivery, and real-time monitoring and management. By the end of August, XAG’s services covered more than 8.72 million farmers and 600 million acres, and the company had expanded to 42 countries and regions outside China, focusing on Japan, Korea, and Australia. The firm deployed drones for COVID-19 disinfection and says the pandemic increased demand for unmanned devices, though it did not disclose specific sales figures. XAG plans to use new capital to strengthen R&D and manufacturing, improve channel-service capabilities, and build digital agricultural infrastructure and “unmanned farms.” The article situates the raise against a forecast that China’s smart-agriculture market could reach RMB 200 billion (about USD 30.4 billion) this year.

Led · Series D · Jul 2020

FineEx operates a warehousing and distribution services platform in China. The company provides warehousing and distribution services to customers across the Chinese market. Financial details in the article are limited to its latest financing activity. FineEx secured 500 million yuan (about $71 million) in a Series D round. The round was led by Baidu Capital, an Internet-focused investment fund launched by Baidu. No revenue, user metrics, past rounds, or additional investors were disclosed in the article.

Led · Series B · May 2017

Manbang operates an app that matches truck drivers and merchants transporting cargo and provides financial services to truckers. The company was formed from a 2017 merger between Yunmanman and Huochebang. It says it achieved profitability this year and its valuation had been on course to reach $10 billion in 2018. Manbang claims more than 10 million verified drivers and 5 million cargo owners on its platform. The latest funding is intended to support R&D, upgrade its matching system and expand service capacity to functions like door-to-door transportation. Permira’s investment in the round marked the China debut of its Growth Opportunities Fund. Truck Alliance (Guiyang Huochebang Technology Co Ltd) operates an online logistics platform using big data to match truck drivers and shippers, and also facilitates truck sales and used truck auctions. The company says it currently has 2.6 million registered vehicles, 2.3 million drivers, 300,000 corporate members and about 1,000 service centers across China. Funding will be used to expand its truck service business and user base, increase technological investment, attract talent, and expand the use of electronic toll charge cards. The business is backed by internet giant Tencent and has previously completed Series A/A+ rounds in 2015 from Tencent, Hillhouse Capital and DCM. The platform’s scale and nationwide matching system have helped it establish a dominant position in China’s long-haul trucking logistics market. Its valuation has surpassed $1 billion following recent series B funding.