Dec 15, 2017

China Digest: Crypto e-wallet Coldlar raises $10m Series A; Zebrai gets $4.5m Shanghai. Photo by zhang kaiyv on Unsplash December 15, 2017 Cryptocurrency e-wallet Coldlar has raised $10 million in a Series A round from China Capital Financial Service Chamber of Commerce. Meanwhile, Zebrai, a transport data platform has raised a $4.5 million Series A led by Ally Capital, the China Money Network reported. Crypto e-wallet Coldlar raised $10m Series A Coldlar allows a private and safe storage of cryptocurrencies like bitcoin, litecoin, ethereum and many more digital assets. The private key of Coldlar, which helps send and receive money, is known not to have contact with the Internet, thereby eliminating the risk of theft by hackers. The cryptocurrency industry has been banned to trade on large exchange tradings which had to stop trading by the end of September 2017. However, trading over the counter continues to function. China is noted to account for over 35 per cent of Bitcoin trade. China’s ban on Initial Coin Offerings and some players such as Stratis and Zerocoin have accounted for 50 per cent loss. Transport platform Zebrai raised $4.5m Series A Hangzhou-based Zebrai , a travel and transportation data platform, has raised a $4.5 million Series A led by Ally Capital . Others who participated in the round include 9C Capital , a venture capital firm focused on technology, media, telecommunications and the Internet spaces and Shuangliang Group involved in manufacturing conditioner products and other operations. Zebrai’s core services include driving behavior analysis, user behavior insurance, user travel behavior and POI geographic information analysis. Also Read: