Participated · Series D · Aug 2018

Moviebook is identified in the article as a technology company. Chinese private equity firm Yao Capital injected $29.2 million into Moviebook, per the DealStreetAsia China Digest. The coverage describes the transaction as an injection by a private equity firm but does not specify whether the funds were equity, debt, or another instrument. The article provides no details about Moviebook's product offerings, business model, or strategic plans. No operating metrics (revenue, users) or intended use of proceeds were disclosed. The piece also does not mention Moviebook's founding year, location, or prior funding rounds. Moviebook is a Beijing-based startup that develops technology to support online video services. It aims to leverage vast amounts of broadcasting, TV and internet video data to enable commercial opportunities for entertainment customers. The company will collaborate with SenseTime on a range of AI technologies, including augmented reality, to increase the use of AI in the entertainment industry. Financially, Moviebook completed a ¥1.36 billion (US$199M) Series D led by SenseTime. Previously it raised a ¥500 million Series C in 2017 (around US$75M). Other participants in the Series D included SB China Venture Capital (SBCVC), Qianhai Wutong, PAC Partners, Oriental Pearl and Lang Sheng Investment.

Participated · Series C · May 2018

Unisound is a Beijing, China–based provider of artificial intelligence solutions focused on intelligent voice and speech processing technologies. The company leverages a cloud computing platform and mobile internet technologies to deliver middleware and cloud platforms for speech recognition. Its services target Internet of Things devices across home appliances, automobiles, healthcare and education. Unisound plans to deploy newly raised capital toward research and development and business expansion. The company raised US$100M in a Series C round, strengthening its financial position for growth and product development. Unisound was founded in 2012. Unisound develops voice-recognition and processing middleware and platform products. Its platforms have been deployed in mobile Internet, smart appliances, wearables, on-car navigation, healthcare, education and call centers. The company provides professional voice-recognition services to both enterprise and consumer users. In December 2014 Qualcomm announced an investment in Unisound; the amount was undisclosed. That investment was expected to be funded through Qualcomm’s $150M strategic Chinaventure fund. The deal formed part of Qualcomm’s broader commitment to invest an aggregate $40M into four Chinese companies and the China Walden Venture Investments, L.P. fund.

Led · Series B · Jan 2018

e签宝 began as an electronic-signature provider and has extended its product set into intelligent contracts and blockchain contracts, iterating products rapidly. The company is shifting from a software/tool model toward a SaaS orientation and focusing on metrics such as ARR, LRR and DRR as it scales. e签宝 serves a diversified customer base including government, state-owned enterprises, new-economy companies and traditional businesses, and holds comprehensive technical and security qualifications. Management includes executives with Alibaba sales backgrounds, giving the company strong go-to-market capability and a sales-oriented culture. Leadership has pursued strategic M&A to expand capabilities and talent following earlier rounds, and the founder/CEO announced a post-merger dual-brand strategy: e签宝 for the mass market and 金格科技 to serve Xinchuang and government customers. The team emphasizes customer-value-driven iteration and aims to build contract-lifecycle, intelligence-oriented services beyond basic signing tools. eSign is a Chinese provider of electronic signature services. The company provides e-signature solutions to businesses and organisations. It is backed by Ant Group. eSign secured over 1 billion yuan (about $150.3 million) in a Series D round. The fundraising comes as the market for e-signature services accelerated amid the COVID-19 pandemic. The article did not disclose operating metrics, specific investors in the round beyond the Ant Group reference, or future plans. Esign is a Hangzhou-based e-signature software company founded in 2002 by Jin Hongzhou. The firm began as a provider of electronic signatures and has been shifting toward an enterprise technology company that helps organizations digitalize business processes such as signing, verifying and archiving agreements and contracts. Its DocuSign-alike platform works with partners including Alibaba, Suning, Huawei and Geely. As of June 2019 Esign reported serving more than 2.9 million corporate users and 200 million individual users across industries such as real estate, mortgage, government, insurance and technology. The company recently completed a large Series C financing and had previously raised about USD 21 million in a Series B at the beginning of last year. Founded in 2002, e签宝 began by launching China’s first electronic seal system and in 2013 introduced a nationwide internet e-signature SaaS platform. The platform supports real-name authentication, data evidence storage, electronic contracts and end-to-end legal services. e签宝 reports about 1 million enterprise users, 100 million individual users and 1.5 billion signatures to date. The company has moved from seal systems to a SaaS model and now aims to enter a 3.0 “intelligent-connection” era with smarter signer identification, contract generation, document editing and audit execution. Recent partnerships and integrations—most notably a new joint product with DingTalk—aim to bring its services to DingTalk’s 5+ million enterprise users. e签宝 is also investing in cryptography and blockchain research via a joint lab with Beihang University and signing strategic cooperation agreements with firms including Suning Finance, 360 Finance, TuanDai and Lagou. The company says product upgrades, R&D and market expansion are priorities going forward.

Led · Series C · Dec 2017

Ucommune operates a network of more than 200 co-working spaces across 37 cities, including locations in Singapore, New York, Taipei and Hong Kong, serving clients such as ByteDance, Ofo, Mobike and Kuaishou. The company’s core product is flexible workspace and related workplace services, and it has pursued aggressive consolidation, acquiring seven companies this year including Fountown (27 spaces) and several co-working brands plus an interior design firm and a workplace collaboration startup. Ucommune says it currently has about 100,000 workstations and plans to double capacity to 200,000 over the next three years while expanding to 350 cities across 40 countries. Financially, the company closed a $200M Series D that values it at $3 billion and brings total capital raised to around $650 million to date, according to Crunchbase. Ucommune was founded in 2015 and positions itself as WeWork’s main rival in China, where WeWork China has roughly 40 locations. The company is also moving into new international markets, with plans to open an inaugural Hong Kong space in December and a second in early next year. Ucommune operates flexible co-working and office spaces, claiming to manage 160 locations in over 35 cities. The company, formerly known as UrWork, competes directly with WeWork China and maintains a presence outside Asia in New York, London, Hong Kong and Taiwan. Ucommune announced a $43.5 million Series C at a $1.8 billion post-money valuation. The round was led by real estate-focused Prosperity Holdings and RK Properties, both described as strategic investors. Prosperity will help the company expand its presence in Southeast Asia (Ucommune already has operations in Singapore and an investment in Indonesia), while RK Properties will assist in upgrading existing office spaces, possibly akin to WeWork’s ‘Powered By We’ program. To date Ucommune has raised roughly $450 million and this year has completed four acquisitions, including Workingdom for around $45 million. UrWork is a Beijing-based co-working space provider founded in 2015 by Dr. Mao Daqing. The company offers long-term leasing, hot desk and corporate-customization solutions as well as professional services for SMEs. It currently covers over 100 locations across more than 30 cities worldwide, including Singapore, New York, Los Angeles, San Francisco and London. UrWork services over 3,000 enterprises and 40,000 individual members in total. The company completed a $45M Series C that valued it at $1.3 billion and plans to use the funds to drive further global expansion, community service and technology upgrading. The latest round was led by Qianhai Wutong Mergers and Acquisitions Funds with participation from CK Home — Key Investment Group and Context Lab. UrWork is a Beijing-based co-working leader that provides on-demand, short-term leasing and customized space solutions to startups, SMEs and corporate tenants. The company aggregates over 1,000 professional business service suppliers and serves over 40,000 individual members and more than 3,000 enterprises, including corporate members such as ofo bike, BlueGogo, Mobike, Amazon China, Jin Ri Tou Tiao, Netease and JD Logistics. UrWork offers an in-house Express Financing program, a series of acceleration programs, and the Link China Program to help foreign startups enter the Chinese market. As of August 2017 it operated 88 locations in over 22 cities and plans to open another 160 locations across 32 cities worldwide over the next three years. The expansion target covers a total area of over 7M sq.ft. The company raised a US$178M pre-C round resulting in a post-C valuation of US$1.5 billion and intends to use the funds for further global expansion and technology upgrading; it is led by founder and CEO Dr. Mao Daqing. URWork operates shared office space and offers complementary value-added services such as financial services, human resources, and healthcare to its community. The company reports annual revenue of around RMB 400 million ($58.5 million), with roughly 75% from core office space rentals and 25% from value-added offerings. URWork says it serves about 2,400 companies across 24 cities in China and has begun overseas expansion to Singapore, London, Taiwan and New York City. Since launching in April 2015 the company has completed six funding rounds and one merger. URWork aims to deepen and broaden its service portfolio to unlock additional monetization around its community. The partnership with Aikang is intended to bring traditional-sector resources to build a more specialized, service-oriented co-working experience beginning in the first half of 2018.