• Gmax Biopharm

  Led · Series C · Mar 2021

  Gmax Biopharm International is a clinical-stage biopharmaceutical firm. The company has secured $78 million in a Series C funding round. The Series C was led by state-backed conglomerate China Merchants Group. The company disclosed the financing in a WeChat post. The article does not provide additional details on the company's products, future plans, operating metrics, or other investors.

• XTransfer

  Led · Series A · Oct 2018

  XTransfer provides SMEs with cross-border financial services—including free, swift opening of collection accounts, currency exchange, and FX settlement—designed to meet banks' AML and compliance requirements. The company aims to offer services on par with those available to multinational corporations, targeting smaller B2B-focused exporters. It has expanded internationally with offices in Hong Kong, the United Kingdom, Canada, the United States, Japan, Australia, and Singapore. XTransfer plans to use new capital to upgrade products and services, continue investing in big data and artificial intelligence, and boost its AML risk management. Management also intends to attract more talent and expand into additional overseas markets. No operating metrics (revenue/users) were disclosed in the articles. XTransfer operates a global financial network providing cross-border and local collection, payments, foreign exchange, lending and treasury management solutions for Chinese SMEs engaged in foreign trade. Founded in May 2017 by CEO Bill Deng, the company has established branches and relevant licenses in Hong Kong, the UK, Canada, the United States, Japan and Australia. XTransfer completed a $15M Series B-1 financing led by the eWTP Fund with participation from China Merchants Venture Capital, 01VC, Yunqi Partners and Gaorong Capital. The company intends to use the proceeds to expand its global financial network, pursue licensing in multiple countries, upgrade its team and technology, and increase marketing. The product set is focused on enabling cross-border commercial flows and treasury management for China-based exporters and importers. XTransfer is a cross-border financial technology company that provides offshore financing solutions and services including global collection, payments, foreign exchange and wealth management for China’s small and medium importers and exporters. Founded in May 2017 and headquartered in Shanghai, it has offices in Hong Kong, the U.K., Canada, Japan and the U.S. The company offers virtual sub-accounts launched with DBS Hong Kong and a product called "XForward" to help buyers lock exchange rates and quote prices in local currencies. XTransfer serves more than 10,000 customers and recently obtained a payment license in the U.K. It is building an open platform for international trade financial data to enable grassroots financial infrastructure such as microfinance for financial institutions and plans to expand its services to markets including the Philippines, South Korea and Taiwan. Management comprises five founders from Ant Financial and Alibaba, and the company uses technology for risk control and anti-money-laundering verification.

• JD Logistics

  Participated · Equity · Feb 2018

  JD Logistics is the logistics arm of JD.com that became a standalone business last April. It operates seven fulfillment centers and 405 warehouses in China and supports fresh-produce logistics. The unit has tested drone delivery and plans to invest more heavily in logistics automation, including automated warehouses, drones and robotics. This funding is the division's first outside funding event. The infusion positions the unit to expand investments and pursue synergies in Southeast Asia, where JD.com has investments in Thailand, Indonesia and Vietnam. JD.com will remain the majority shareholder with an 81.4 percent stake and the transaction values JD Logistics at around $13.5 billion.

• Wecash

  Led · Series C · Apr 2017

  Wecash Technology operates wecash.net, an online credit assessment and reporting platform that leverages big data. Its core product uses data mining and machine learning to produce credit evaluations for individuals and financial institutions. The company supplies consumers with financial and lifestyle services (3C, residential rentals and aesthetic surgery) and helps partners monetize consumer data and secure tangible assets for lenders. As of the end of January 2018 Wecash had 130 million users in its database and had supplied hundreds of millions of credit reports, and it has provided solutions to over 50 financial institutions. Wecash has expanded its presence into Indonesia, Singapore, Brazil and the US. The company plans to use new funding to broaden AI applications in data mining, machine learning and smart chips and to expand its lifestyle service portfolio. Wecash provides an app that leverages big data and machine learning to prevent fraud and deliver consumer credit evaluations and access to partnering banks, insurers and consumer finance products. The company reports over 80 million users and 30 financial-institution partners, and its technology has facilitated more than US$2.2 billion in loans. Wecash intends to improve its "lending AI" to serve banks, insurance and consumer finance companies and to extend offerings for online and offline consumption. It plans to expand its hardware R&D team to develop new machine-learning solutions for the financial sector to improve productivity and reduce risk. The company also aims to accelerate overseas expansion, building on an R&D centre in Silicon Valley since 2015 and 2017 moves into Brazil, Indonesia and broader Latin America and Southeast Asia. The business is led by founder and CEO Zhi Zhengchun and Chief Risk Officer Tang Xuewei.

No current team members are available.