Dec 16, 2019

Photo by Hush Naidoo on Unsplash December 16, 2019 Chinese medical equipment service provider Kedu Healthcare Tech has raised $60 million in its Series C round funding led by state-backed China Merchants Capital while industry internet platform Hanplatform has secured 300 million yuan ($43 million) from Hillhouse Capital, SAIF Partners China, among others. China Merchants Capital leads $60m round in Kedu Healthcare  Chinese medical equipment service provider Kedu Healthcare Tech has raised $60 million in its Series C round led by China Merchants Capital, an investment vehicle of the state-backed China Merchants Group, according to a statement. The round also saw participation of UOB Venture Management, Infinity Group and existing investors Wonderland International Financial Holdings Company and Morale Capital. Kedu, founded in 2006, is engaged in the management of healthcare equipment offering services such as detection, repair, maintenance, sales and customer support. Founded by James Ni, a former GE Healthcare executive, Kedu has built a team of 1500 professionals. Kedu is the equipment manager in  200 hospitals. Hanplatform nets $43m in Series A round  Chinese industry internet platform Hanplatform has gathered 300 million yuan ($43 million) in its Series A round of financing led by Hillhouse Capital, per a company filing. SAIF Partners China, Cetc Fund, China Innovation Capital, Xinhua Daily Media Group, and Jiaxing Yunrong Investment Management also joined the round. Set up in 2018, Hanplatform is operated by XCMG, an engineering machinery manufacturer that owns 45 per cent stake in the former. XCMG also manages xreacloud.com, an industrial internet platform focused on the overseas market. Sign up for our newsletter - The Daily Brief × Register Register 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.