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Venture Capital

China: Smartphone recycling firm Huishoubao raises $45m led by Strait Capital

Huishoubao raised $15 million in Series A round led by Shanghai-headquartered investment firm Chengwei Capital last year.

Deals

China: WM Motor invests in Hellobike; JD.com-backed fund bets on Qiandama

WM Motor is an emerging Chinese electric vehicle maker.

Venture Capital

China Dealbook: CDB leads $42m round in Wacai; Ruigu Shop raises $14m

Venture Capital

China: More Health, Hellobike & QSICM close funding rounds

Healthcare venture More Health, bike-sharing startup Hellobike and healthcare provider QSICM have closed Series B funding rounds.

Deals

China Dealbook: CDH Investments leads $30m in Fountown, oTMS raises $25m in Series B round

Other investors like Gopher Asset Management and Huazhu Hotels Group also invested in Fountown.

Venture Capital

Hong Kong’s app developer DotC secures $45m in Series A

A group of venture capital firms including Banyan Capital, Chengwei Capital, Morningside Ventures, BAI and Lightspeed China Partners have injected RMB

Venture Capital

China’s Huishoubao raises $15m series A investment led by Chengwei Capital

Shanghai-headquartered investment firm Chengwei Capital has led a $15 million series A financing in Shenzhen-based mobile phone recycling startup Huis

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