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Chinese smart logistics platform YunQuNa enters unicorn club post $100m round


Chinese smart logistics platform YunQuNa enters unicorn club post $100m round
Bukit Merah, Singapore. Photo by CHUTTERSNAP on Unsplash
May 25, 2021
YunQuNa, a global smart logistics service platform born in China, announced on Tuesday the completion of a Series D1 funding round at $100 million to achieve a unicorn valuation of over $1 billion.
Investors of the Series D1 round remained undisclosed. Beijing-based Source Code Capital, which backed YunQuNa’s Series A round in 2017, said in a statement that it had continued to re-up in the firm’s Series B, C, and D rounds.
Shanghai-based YunQuNa, which has served about 20,000 enterprises to date, plans to further raise its stakes in the construction of a global logistics network using the new proceeds. It targets to add “dozens of” new logistics centres across major countries and regions in the next one to two years. That is expected to lift the firm’s existing network that covers markets including Mexico, ....

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China: WeiyangX Fintech Review


China: WeiyangX Fintech Review
Police in Changsha Receive Salaries in the Form of Digital RMB
At present, digital RMB pilots have been conducted in various applications across China. On May 8
th, employers at the Kaifu branch of Changsha Municipal Public Security Bureau received their salaries in the form of digital RMB. This is the first time that digital RMB has been used for salary payment in the government agencies of Changsha. In fact, from January 2021, Chinese tech giant JD has already started to conduct a digital RMB salary payment pilot. JD employers based in Shanghai, Shenzhen, Chengdu, Changsha, and Xi’an joined the first batch to experience the innovative payment mechanism. ( ....

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China Digest: Bloks raises $93m; CareCapital leads $50m funding in Impress


China Digest: Bloks raises $93m; CareCapital leads $50m funding in Impress
May 14, 2021
Shanghai Bloks Technology Group has garnered 600 million yuan ($93 million) in a Series B round of financing, while Barcelona-based novel orthodontics maker Smile2Impress (Impress) has raked in $50 million in its Series A round led by China’s CareCapital.
Bloks bags $93m in Series B round
Education startup Shanghai Bloks Technology Group has garnered 600 million yuan ($93 million) in a Series B round jointly led by Alibaba co-founder Jack Ma’s YF Fund and existing investor Legend Capital, per an announcement.
Gaorong Capital, which is also an existing backer in the company, joined the round. ....

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Yuanbao Scores $144.8 Million Funding Round for Marketplace Offering


The Chinese insurance marketplace uses AI to match consumers with suitable coverage options.
And its digital-first solution can help bridge China s insurance gap, especially since the life and health insurance market is set to grow.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client.
Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital, 
per Deal Street Asia.
Chinese insurtech raises mega-round.
Insider Intelligence
The insurtech only launched last year and holds a national insurance brokerage license. It operates as a marketplace, selling coverage options from third-party insurers. It will use the fresh capital to fund the R&D of its core technologies and build smart insurance services. ....

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