China Resources Consumer Fund II
26 Harbour Road, Wan Chai, Hong Kong Island, Hong Kong
Overview
China Resources (Holdings) Co., Ltd. (“CR” or “China Resources Group”) is a diversified holding company registered in Hong Kong. CR was first established as “Liow & Co.” in Hong Kong in 1938 and was later restructured and renamed as China Resources Company in 1948. In 1952, instead of being affiliated to the General Office of the CPC Central Committee, it came under the Central Trade Department (now known as the Ministry of Commerce). In 1983, it was again restructured into China Resources (Holdings) Co., Ltd. In December 1999, CR was no longer linked to the Ministry of Foreign Trade and Economic Cooperation and came under state management. In 2003, under the direct supervision of SASAC, it became one of the key state-owned enterprises.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Retail
Investment portfolio
- Smartee
Participated · Series D · Mar 2022
Smartee focuses on R&D of original digital invisible orthodontics technology and provides medical design, manufacturing, sales and services for customized clear aligners. Founded in 2004 by Yao Junfeng, the company operates medical design centers with a team of hundreds and has self-developed automated manufacturing bases in Jiaxing, Zhejiang Province and Ziyang, Sichuan Province. It has designed more than 500,000 cases and produces over 10 million invisible aligners annually. Smartee serves doctors and consumers across markets including the USA, Canada, Colombia, Mexico, the UK, Spain, Portugal, Saudi Arabia, Egypt, Australia, Singapore, the Philippines and Thailand. The company intends to use recent funding to accelerate industrial layout in invisible orthodontics, promote continuous R&D and innovation, strengthen brand building and team development, and expand market share domestically and overseas. In March 2022 Smartee completed a Series D financing round to support these initiatives. Smartee is a Shanghai-based developer of invisible orthodontics and digital orthodontic products, positioning itself as a domestic leader in China's invisible orthodontics market. In March 2019 the company completed a Series C financing described as "hundreds of millions of yuan." Smartee says the funds will be used mainly to expand its automated production line and to upgrade the "Smartee" brand logo. The company emphasizes talent recruitment and technological innovation as cornerstones for future growth and aims to lead the era of digital orthodontics in China. Smartee previously closed a Series B in 2017 (led by bioVENTURE), and continued institutional investor support is highlighted in the Series C announcement.
Team
No current team members are available.