Online pharmacy Jianke receives USD 50 million for Series A+

Jianke

Founder: Xie Fangmin

Founded in: 2006

Financing status: RMB 345 million (USD 50 million) Series A+ financing in 2017

Online pharmacy Jianke on Monday receives USD 50 million for Series A+ financing round to expand its business in smart healthcare services.


Jianke is an online business to customer (B2C) pharmacy that provides customers with convenient, safe and cheap pharmacy purchasing services online. Founded in 2006 in Guangzhou, it has established partnerships with more than 5,000 large pharmaceutical manufacturers in China. The company provides sales for tens of thousands of products including drugs, health care products, skin care products, and baby supplies. Purchasing these products via its online pharmacy help customers save about 30 percent, as its online presence eliminates store rental costs. In addition, customers now can purchase on its online platform with cash on delivery.

According to the data released by the company, its sales in 2016 have exceeded RMB 1.5 billion with an increase of 50 percent year-on-year, ranking first in online pharmacies sales in China.

This Series A+ financing round was from a group of investors including Asia-Pac eCommerce, PGA China and Volcanics Venture. The capital will be used to open physical hospitals to enhance its medical care services, while expanding its business to mobile medical care services and smart healthcare services.

Online financial management platform Wangcaigu receives USD 8.7 million for Series A+

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

Wangcaigu

Founder: Zeng Keqing

Founded in: 2014

Financing status: RMB 60 million (USD 8.7 million) Series A+ financing in 2017

Online financial management platform Wangcaigu on Wednesday landed USD 8.7 million for its Series A+ financing round to improve its risk management system.

Wangcaigu is an online financial management platform that provides a wide range of investment options and financial services to help customers achieve wealth appreciation. It aims to create a safe, professional, convenient and transparent financial management platform based on big data, mobile payment, cloud computing and other advanced technologies.

Founded in 2014 in Nanjing, the company reached partnerships with more than 200 enterprises, providing funds to them which accumulates to more than RMB 2.5 billion.

This Series A+ financing round was led by Delta Capital, and the company has formed a partnership with Bank of Shanghai on the management of funds. Wangcaigu plans to use this fund to improve its risk management system and introduce new technology to help customers make more profits through investing via its platform.

(Top photo from Pixabay.com)

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Kaikai Shi
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.

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