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Deals | China DealBook: Tencent-backed Alauda garnered fresh funds from Intel Capital; SDK platform ClickWifi provides personalized marketing solutions

Enterprise Services


Round: Series B, May 2018

Amount: undisclosed

Investors: Intel Capital, Enlightenment Capital

Profile: is a cloud service provider that provides PaaS products to enterprises undergoing digital transformation. Its PaaS service automates management and supports application development and operations.

The startup’s existing investors include Tencent, Banyan Capital, and China Broadband Capital.




Round: Series A, May 2018

Amount: RMB 55 million (approx. USD 8.7 million)

Investors: Fosun RZ Capital


ClickWifi is a SDK platform that allows business owners to push personalized marketing information, such as coupons, to customers. The startup claims it’s now serving over 500k business owners.

The startup has been actively pushing for cooperation with smartphone manufacturers and its SDK platform is now preinstalled on smartphones of over 10 brands including VIVO, Meizu, and Gionee. According to the company, there are around 1 million new users on its SDK platform on a daily basis.


New Retail

CompanyCITY BOX (魔盒)

Round: Series B+, May 2018

Amount: over RMB 100 million (approx. USD 15.8 million)

Investors: undisclosed


CITY BOX operates self-service vending machines, selling snacks, drinks, fruits, etc. The latest funding round values the company at over USD$100 million.

Founded in October 2015, the startup now operates 5k self-service vending machines and targets to expand to 50k by the end of 2018. According to the company’s founder, there are opportunities for monetization in advertisements.



Companyxyb2b (行云全球汇)

Round: Series A, May 2018

Amount: undisclosed

Investors: GSR United Capital, Eastern Bell Venture Capital, Changtai Venture Capital


Xyb2b is a S2B platform that aggregates commodities provided by suppliers including brands, distributors, and retailers. It provides suppliers with logistics services and warehousing. According to the startup, it has formed partnerships with over 2000 brands from 42 countries, selling over 150k SKUs which are mostly baby products, cosmetics, and healthcare products to consumers.

The startup launched its financial service in October last year and plans to improve in risk management.


Big Data & AI

CompanyXinshu Credit (信数金服)

Round: Series Pre-A, May 2018

Amount: tens of millions of yuan

Investors: Undisclosed


Founded in May 2015, Xinshu Credit is a big data and AI company that provides solutions regarding financial risk management, precise marketing, medical diagnosis, personalized recommendation, etc.

The startup plans to use the fresh funding in recruiting, R&D and marketing, as well as to improve its services.



Company: Xijingdazhentan(戏精大侦探)

Round: Angle Round, May 2018

Amount: millions of yuan

Investors: Matrix Partners China


Founded in January 2018, Xijingdazhentan is a WeChat official account that offers detective games. There are currently over 400 storylines available and, the startup encourages gamers to contribute storylines.

Xijingdazhentan plans to launch a WeChat mini program-based game and an app to improve the user experience. Most of the current gamers are aged under 24.


Xiaochun Zhao
Xiaochun Zhao
I'm Xiaochun with KrASIA [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

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