Dec 22, 2017

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan December 22, 2017 The start-ups in China continue to attract investors’ attention. Henlius, Huitongda, Mustliten, WM Motor, and Chomp Cloud have recently secured funding, reports CMN. Henlius issue additional shares for $190m Shanghai Henlius , has raised $190 million in a strategic financing round from Shanghai Fosun Pharmaceutical, and other investors including Shenzhen GTJA Investment Group, Joyful Ascent, and Green Tomato. Henlius is a joint venture established by Shanghai Fosun Pharmaceutical (Group) and Henlius Biopharmaceuticals. As part of the deal, Fosun Pharma will acquire 14.6 million additional shares in Shanghai Henlius at RMB22.71 per share, while other investors will buy a total of 40.8 million additional shares in the company at RMB22.71 per share, for $140 million.The company focuses on the development, production and commercialization of mAb biosimilar drugs, bio-betters and novel mAbs using cutting-edge technology. China Green Fund invests $76m in Huitongda China Green Fund, an innovative private equity firm with a focus on green investments, is making an investment of $75.8 million in Huitongda Network Co Ltd . Founded in 2010 in Nanjing, Huitongda started its rural e-commerce network in 2012. Through its platform, Huitongda provides franchise members with training tools, financing, supply chain management, and sales support to better serve their rural customers. Shangshi Fund backs Mustliten Mustliten Background Music has raised an undisclosed amount in a Series A round of funding led by Shangshi Fund. Based on intelligent data analysis, Mustliten is a Shanghai-based smart background music system developer. Its app can recommend and provide background music to stores according to business requirements. Tencent, Sequoia invest in WM Motor Shanghai-based WM Motor , has closed another round of financing from investors including Tencent Holdings, Sequoia Capital China, Minmentals Development Co., Ltd, and China Structural Reform Fund Co., Ltd. Founded in 2015, WM designs, develops, and manufactures electric motor cars. Its first mass-produced model EX5 is a battery electric and intelligent SUV, the production of which will start in the first quarter of 2018. Chomp Cloud raises $10m Series A+ Chomp Cloud , retail space and service platform targeting catering industry, has raised $10 million in a Series A+ round of funding led by BlueRun Ventures. Chomp Cloud, which operates under shiyunji.com, provides hardware, software solutions, store operation, brand promotion and other infrastructural services.