Jul 23, 2020

July 23, 2020 Zhejiang Mingdu Zhikong Technology has raised 80 million yuan ($11 million) in its Series A+ round funding from China Merchants Venture, Zheshang Venture Capital and Topping Capital, while BoCloud has completed an undisclosed Series C+ round of financing from CETC Fund and NIO Capital. Mingdutech nets $11m in Series A+ round  Zhejiang Mingdu Zhikong Technology Co., Ltd, also known as Mingdutech, has garnered 80 million yuan ($11 million) in its Series A+ round funding from state-owned China Merchants Venture, Zheshang Venture Capital and Topping Capital, the company announced on WeChat. Mingdutech helps life science companies with digitalization solutions. It serves over 100 leading pharmaceuticals such as Sanofi, Johnson & Johnson, Shanghai Pharma and CR Sanjiu. The company will deploy the proceeds towards business development and product upgrade. Mingdutech previously raised its pre-A and Series A rounds from Cash Capital, Macalline Group’s investment arm and Zhejiang Innovation Huiying Investment Management in 2019. NIO Capital backs BoCloud’s Series C+ round  Chinese platform-as-a-service (PaaS) developer BoCloud said it has completed an undisclosed Series C+ round of financing from state-owned CETC Fund and returning investor NIO Capital. NIO Capital has joined hands with JD Cloud, Oriza Holdings, Tianjin Venture Capital, Bondshine Capital and Kangli Junzhuo for its 100 million yuan ($14-million) Series C round in January 2020. The latest funding will be allocated for cloud product innovation, market expansion, business ecosystem and partnership network, it said in a statement. Founded in 2012, Suzhou-based BoCloud leverages cloud computing technology to offer PaaS and cloud-management-platform (CMP). It claims to have served over 200 companies across finance, energy, manufacture, retail, software, telecommunication and healthcare. The company has also been backed by Oriental Fortune Capital, Huatai Securities, Hoperun Information Technology and TalkingData. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER 2You have one free story left this month.You have 2 free stories left this month.This is your last free story of the month. Register to continue reading our free content. × We will never share your information with third parties. If you don’t already have an account click the button below to create your account. Join DealstreetAsia's premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must. Following vacancies can be applied for (only in Singapore). Following vacancies can be applied for (only in Singapore). A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion. A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia. Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must. Following vacancies can be applied for (only in Singapore). Following vacancies can be applied for (only in Singapore). A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion. A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.