Latest Xingshuai Teach News
Apr 9, 2016
This platform will bring VR to online education with USD 46 M Jack Niu Online education provider Xingshuai Teach confirmed that it received RMB 300 million (USD 46 million) in Series B financing on its official website on Wednesday. The round of financing was led by major Chinese investment bank Guotai Junan Securities , China Mobile, China Minsheng Investment Company and private equity investment company He Capital. This round of fundraising will be used to develop VR content for online education. Homelink may have landed USD 926 M from VCs like Tencent Ke Jin China’s leading real estate service platform Homelink, or Lianjia, was reported to have secured RMB six billion (USD 926.4 million) in Series B financing led by China Prosperity Capital, with Baidu and Tencent as strategic investors. Homelink is now valued at RMB 33 billion, Sina Tech reported on Wednesday. AllChinaTech reached out to Homelink, but could not get confirmation. Sina quoted insiders as saying that the funding will be used to help Homelink grab more shares in China’s booming second-hand housing market, which is valued at over RMB 10 trillion. Their source also said Homelink will develop its big data resources and apply them in its real estate business. Headquartered in Beijing, Homelink expanded its network to large Chinese cities including Shanghai, Guangzhou and Chengdu in 2015 using acquisitions and investments. It now covers 24 cities with 5,000 offline stores and 100,000 agents, achieving an annual GMV of RMB 709 billion. Smart door lock brand lands USD 19 M in Series A financing Wanbin Zhang Hangzhou-based smart lock company Dessmann confirmed that its lock brand, Xiaodi, received RMB 123 million (USD 19 million) in Series A financing from Xinjiang-based Ronha VC. Ronha VC has previously invested in Meitu, the maker of China’s largest selfie-editing app, and DJI, the Chinese drone maker. Dessmann was founded in 2009, and launched the Xiaodi smart door lock brand in China in 2016. The lock is equipped with fingerprint scanning technology along with several other means of entry when unlocking a door. The lock also has a keypad for pin-number entry that employs a touchscreen panel and security features to prevent burglars from identifying your codes. Additionally, you can unlock the door via an app on your smartphone connected to the smart lock.