Last week was a big week as we saw 13 startups get funded. Some of these are hoping to disrupt their own industries with the new funds in their pockets, and they include Singapore’s MyRepublic, India’s Olacabs, and Korea’s Cloudike. Congratulations!
Chinese search giant Baidu made another step into the online education sector over the weekend with an investment of “millions of dollars” into cloud learning portal Wanxue. Shortly after receiving its series C round of funding, Wanxue moved to a new domain name under Baidu’s existing education portal, wanxue.jiaoyu.baidu.com.
The startup received US$20 million in its previous round from DCM, Sequoia Capital, Lenovo, and Phoenix in 2011. In 2008, it also received US$20 million from Sequoia Capital and Lenovo.
A Chinese social network for mothers has secured US$20 million in series B funding to help it grow. LMBang (short for la ma bang, which can be translated as “hot moms group”) already has 20 million registered users, of whom 2.6 million are daily active users.
The funding comes from Greenwoods Asset Management, with Morningside Ventures, VIPShop, K2 Ventures, and Matrix Partners contributing. It comes 11 months after the startup got US$10 million in series A investment.
Jianshu (literally translates to “simple book”), is a minimalist writing and blogging environment reminiscent of Medium and Svbtle. It has attracted a RMB 5 million (US$806,000) seed investment from undisclosed angel investors.
4. Hupu | China
Sports commentary and news platform Hupu has closed a RMB 100 million (US$16 million) round of series C funding led by Greenwoods Asset Management.
Cloudian, a California-based company with a major presence in Japan, announced a US$24 million financing round this past week. The firm received funds from existing investors like Intel Capital as well as newcomers Innovation Network Corporation of Japan (INCJ) and Fidelity Growth Partners Japan.
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