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Corporate venturing deal net: 25-29 March 2019

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Mar 29, 2019

Dingdang discloses $89m in series B funding

Dingdang Medicine Express has secured further funding from repeat backer SoftBank China Venture Capital, while a healthcare fund backed by Sinopharm also took part in the round.

Mar 29, 2019

Leap to reach for $372m in new round

The electric car developer plans to follow a $288m Shanghai Electric and CRRC-backed round in November with more than $370m in new funding.

Mar 29, 2019

Mobvoi looks to mobilise $100m in funding

Voice interface technology developer Mobvoi, backed by Alphabet and Volkswagen, is looking to raise $100m at a $1bn valuation before seeking an initial public offering in Shanghai.

Mar 29, 2019

Yipinshengxian consumes $298m in Tencent-led round

The fresh food retail chain plans to use the proceeds from the Tencent-led series B round, which included Meituan Dianping's Longzhu Capital unit, to expand to 1,000 stores this year.

Mar 29, 2019

Baiwang invoices corporates for series A funding

Alibaba and Tencent have reportedly supplied $77m in funding for Baiwang, though the electronic billing software producer has disputed the size of the round.

Mar 29, 2019

MiningLamp lights way to $297m series D

Tencent has returned to lead a $297m series D round for big data technology producer MiningLamp, having co-led its $159m series C a year ago.

Mar 28, 2019

Paytm makes passage towards $2bn

Paytm owner One97 Communications is reportedly seeking between $1bn and $2bn in a SoftBank Vision Fund and Ant Financial-backed round, at a valuation of up to $18bn.

Mar 28, 2019

SoftBank feels out PharmEasy for $100m round

The corporate-backed online pharmacy is in discussions with SoftBank over a $100m round that would potentially value it at $400m.

Mar 28, 2019

Shuidi shakes out series B funding

The healthcare-focused crowdfunding service collected $74.5m in the Tencent-led round, which will be used to add AI technology to its insurance platform.

Mar 28, 2019
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