/TF in China this week – O2O home renovation benefits customers with lower prices and quicker job completion

TF in China this week – O2O home renovation benefits customers with lower prices and quicker job completion

Our weekly column summarizes the tech financing highlights in China this week.

O2O is becoming a trending model for some traditional industries to facilitate their businesses. In recent months, we have witnessed some industries integrating their services online with the help of funding to boost their businesses. These industries include catering, retailing, and so on. This week, an online-to-offline (O2O) home renovation company ikongjian secured large funds for its expansion, and this also shows that O2O has been an effective way to lower prices and improve efficiency. As O2O becomes more popular, we can expect more traditional industries to integrate their services online in the near future.

O2O home renovation platform ikongjian receives USD 32 million for Series C

ikongjian

Founder: Chen Wei

Founded in: 2014

Financing status: RMB 216 million (USD 32 million) Series C round in 2017

O2O home renovation platform ikongjian on Wednesday received USD 32 million for its Series C financing round to expand its marketing plans.

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Laundry service platform Youxi receives USD 4.4 million for Series A

Photo from 58pic.com
Photo from 58pic.com


Youxi

Founder: Huang Kai

Founded in: 2015

Financing status: RMB 30 million (USD 4.4 million) Series A round in 2017

Laundry service platform Youxi on Friday received USD 4.4 million for its Series A financing round for business expansion.

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O2O smartphone maintenance and recycling platform Hi Weixiu receives USD 7.3 million for Series A

Photo from 58pic.com
Photo from 58pic.com

Hi Weixiu

Founder: Fang Haisheng

Founded in: 2015

Financing status: RMB 50 million (USD 7.3 million) Series A round in 2017

O2O smartphone maintenance and recycling platform Hi Weixiu on Friday received USD 7.3 million for its Series A financing round to expand its business.

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24-hour unmanned convenience store F5 Future Store receives USD 4.4 million for Series A+

Photo from 58pic.com
Photo from 58pic.com

F5 Future Store

Founded in: 2014

Financing status: RMB 30 million (USD 4.4 million) Series A+ round in 2017

24-hour unmanned convenience store F5 Future Store on Monday received USD 4.4 million for its Series A+ financing round to open new convenience stores in new cities.

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Digital publishing company Dook Book receives USD 18 M for Series A

Photo from 58pic.com
Photo from 58pic.com

Dook Book

Founded in: 2006

Financing status: RMB 128 million (USD 20 million) Series A round in 2017

Digital publishing company Dook Book on Tuesday received USD 18 million for its Series A financing round to recruit new talent to expand its team.

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Car parking service platform Parkbees receives USD 5.9 million for Series A+

Photo from 58pic.com
Photo from 58pic.com

Parkbees

Founder: Xu Zhideng

Founded in: 2015

Financing status: RMB 40 million (USD 5.9 million) Series A+ round in 2017

Car parking service platform Parkbees on Tuesday received USD 5.9 million for its Series A+ financing round to combine car financial services with its platform.

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Car rental service platform Guancar receives undisclosed angel round in millions of USD

Photo from 888pic.com
Photo from 888pic.com

Guancar

Founded in: 2015

Financing status: 2017 Series A+ round amounting to tens of millions in RMB (a few million USD)

Car rental service platform Guancar on Tuesday received an undisclosed angel round in millions of USD to recruit new talents to build a larger technology team.

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Instant messaging cloud service platform RongCloud receives USD 14.7 million for Series B

Photo from 58pic.com
Photo from 58pic.com

RongCloud

Founder: Han Ying

Founded in: 2014

Financing status: RMB 100 million (USD 14.7 million) Series B round in 2017

Instant messaging cloud service platform RongCloud on Wednesday received USD 14.7 million for its Series B financing round to fund its global expansion plans.

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Biopharmaceutical company Zai Lab receives USD 30 million for Series C

Photo from 58pic.com
Photo from 58pic.com

Zai Lab

Founder: Du Ying

Founded in: 2014

Financing status: RMB 203 million (USD 30 million) Series C round in 2017

Biopharmaceutical company Zai Lab on Thursday received USD 30 million for its Series C financing round towards the research and development of new drugs.

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Kids digital education platform Creative Knowledge receives undisclosed Series A in millions of USD

Photo from Baidu Images.
Photo from Baidu Images.

Creative Knowledge

Founder: Zhang Caisheng

Founded in: 2008

Financing status: 2017 Series A round amounting to tens of millions in RMB (a few million USD)

Kids digital education platform Creative Knowledge on Thursday received an undisclosed Series A financing round in millions of USD to sell its digital education products to new customers.

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(Top photo from 58pic.com)

Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.