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Corporation
sinosig.com

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Investments

25

Portfolio Exits

1

Partners & Customers

1

About Sunshine Insurance Group

Sunshine Insurance Group is composed of Property and Casualty Insurance, Life Insurance, Credit and Guarantee Insurance, Asset Management, Union Hospital and HFAX.

Sunshine Insurance Group Headquarter Location

No. 12, Chaowai Street, Chaoyang District Kuntai International Building 1

Beijing, Beijing, 100020,

China

+8610 58289999

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Latest Sunshine Insurance Group News

China Digest: Juventas bags $69m; Sinovation backs Idol Group

Nov 19, 2020

Shanghai, China November 19, 2020 Biotech firm Juventas has raised 450 million yuan ($69 million) led by CMG-SDIC Capital, while Idol Group has secured a Series C round of financing led by Sunshine Insurance Group, and participation from Sinovation Ventures. Juventas bags $69m led by CMG-SDIC Capital Cellular immunotherapy-focused biotech firm Juventas announced the completion of a new round of fundraising, bagging 450 million yuan ($69 million) led by CMG-SDIC Capital. The round was also joined by new investors Shenzhen-based Tzitzit Asset, Tianjin Venture Capital, Ruisheng Investment, and Xiangrong Capital. A string of existing investors, including healthcare-focused Dalton Venture, Parkland Group’s investment arm Daxie Pengchuang Investment, Kaixin Biotechnology, and Jiadao Fanghua Investment, participated. The lead investor CMG-SDIC Capital is an over 100 billion yuan ($15 billion) private equity fund co-launched by state-owned SDIC and China Merchants Capital. The proceeds will be used for the development of clinical-stage injection, besides pipelines. With headquarters in Tianjin and a research centre in Beijing, Juventas is designed to deliver affordable and safe cell therapy for patients who suffer from oncology diseases such as acute lymphatic leukemia and haematologic tumour. In 2019, Juventas had secured 100 million yuan ($15 million) in a Series A+ round from Dalton Venture, Shanghai-listed Vcanbio Cell and Gene Engineering Corporation, and Panacea Venture, among others. Sinovation invests in Idol Group Idol Group, a developer of e-commerce infrastructure services, has closed an undisclosed Series C round of financing led by Sunshine Insurance Group with participation from new backer Noah Holdings, as per a company statement on Wednesday. Existing investors who joined the round are Dr. Kai-Fu Lee’s Sinovation Ventures, and Legend Capital. Headquartered in Shanghai, Idol creates an advanced e-commerce supply chain and ecosystem by connecting retailers, brands, logistics players, and consumers. It claims to have helped over 10,000 brands to sell more than 3 million items. Set up in 2017, it has launched three flagship brands — Xiangdian, Aikucun, and Idol School. “We will further enhance our competitive capacity through leveraging new technologies such as big data and AI,” said Leng Jing, the co-founder and CEO at Idol, in the statement. Previously, in October 2018, Sinovation had teamed up with GGV Capital, BA Capital, and Zhongyuan Capital collectively pumping $110 million for Idol’s Series B+ round funding. 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.

Sunshine Insurance Group Investments

25 Investments

Sunshine Insurance Group has made 25 investments. Their latest investment was in Neurophth as part of their Series C on November 11, 2021.

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Sunshine Insurance Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2021

Series C

Neurophth

$62.64M

Yes

7

6/28/2021

Series B

Geekbang

$10.84M

Yes

6

6/15/2021

Series E

Yaoshibang

$270M

Yes

5

4/27/2021

Seed VC

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$99M

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10

12/22/2020

Series D

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$99M

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10

Date

11/22/2021

6/28/2021

6/15/2021

4/27/2021

12/22/2020

Round

Series C

Series B

Series E

Seed VC

Series D

Company

Neurophth

Geekbang

Yaoshibang

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Amount

$62.64M

$10.84M

$270M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

7

6

5

10

10

Sunshine Insurance Group Portfolio Exits

1 Portfolio Exit

Sunshine Insurance Group has 1 portfolio exit. Their latest portfolio exit was Zhihu on March 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/26/2021

IPO

$991

2

Date

3/26/2021

Exit

IPO

Companies

Valuation

$991

Acquirer

Sources

2

Sunshine Insurance Group Partners & Customers

1 Partners and customers

Sunshine Insurance Group has 1 strategic partners and customers. Sunshine Insurance Group recently partnered with Joslin Diabetes Center on March 3, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

3/10/2015

Partner

Joslin Diabetes Center

United States

Joslin Partners with Sunshine Insurance Group Corporation to Develop a Diabetes Center of Excellence in China.

Beijing / Boston -- -LRB- March 10 , 2015 -RRB- -- Joslin Diabetes Center and Sunshine Insurance Group Corporation Limited have announced today that they are collaborating to design and develop a Diabetes Center of Excellence in Weifang , Shandong Province , China .

1

Date

3/10/2015

Type

Partner

Business Partner

Joslin Diabetes Center

Country

United States

News Snippet

Joslin Partners with Sunshine Insurance Group Corporation to Develop a Diabetes Center of Excellence in China.

Beijing / Boston -- -LRB- March 10 , 2015 -RRB- -- Joslin Diabetes Center and Sunshine Insurance Group Corporation Limited have announced today that they are collaborating to design and develop a Diabetes Center of Excellence in Weifang , Shandong Province , China .

Sources

1

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