Tencent-backed Furong Xingsheng raised the funding at a $700m valuation and will use the cash to expand its neighbourhood-based grocery stores into additional small towns and cities.
Author: Jack Hammond
Linkfin inks $50m series B
The big data and AI-powered automotive financing platform has secured funding in a round co-led by JD Digits and Tencent, which took part alongside Bertelsmann Asia Investments.
YY looks to play in Sandbox Network
The iDreamSky-backed online game development platform has raised $14.5m in a series B round that included strategic investor YY.
River Security streams in series C funding
Legend Capital led a $14.5m round for the internet security technology provider that came after a SoftBank-backed round four years ago.
Balena calls in GE for series B
The Soracom and Ericsson-backed software development and management technology provider has raised $14.4m in a round that included General Electric unit GE Ventures.
Hippo gobbles up $100m
Standard Industries and existing investors Comcast Ventures, Lennar and Propel Venture Partners all contributed to a series D round that boosted the online insurer’s total funding to $209m.
TScan takes in $48m
The Alphabet and Novartis-backed T cell cancer therapy developer has secured series B capital that took its overall funding to $48m.
Tile ticks off $45m series C
The Tencent-backed item location technology maker collected $45m in a Francisco Partners-led round that increased its funding to more than $104m to date.
Bustle makes Inverse acquisition
Bertelsmann Digital Media Investments is set to exit geek-focused digital media platform Inverse in an acquisition of undisclosed size by Bustle.
Qihan Biotech receives $20m funding transplant
Legend Holdings vehicle Legend Star took part in a round that will fund the further development of Qihan Biotech’s organ transplant technology.
Freenome passes series B test with $160m
Roche Ventures, Kaiser Permanente Ventures, and Alphabet subsidiaries Verily and GV took part in a round that boosted the cancer testing platform developer’s total funding to more than $237m.
Sodexo seizes minority stake in Zeta
Zeta has netted an amount from Sodexo Benefits and Rewards reported to be below $60m, at a valuation confirmed by the card-issuing technology provider to be $300m.
BNI banks on corporate venturing
State-run Bank Negara Indonesia is planning to launch a corporate venture capital fund to invest up to $50m in fintech startups including mobile wallet provider Finarya.
Mixhalo tunes into series A round
Red Light Management and Another Planet Entertainment took part in the $10.7m round, which increased the live audio technology provider’s total funding to $15m.