On March 8, WM Motor Technology announced the completion of its C round of financing, securing a total of RMB3 billion. The lead investor was Baidu Inc and the follow investors included Taihang Industrial Fund and Linear Venture. The capital secured durin
Three months after announcing the completion of its last round of financing, Ucommune just released news that it smoothly completed its most recent D round of financing. Ucommune is recognized as one of the top shared office space service providers and a “unicorn” in China. Today Ucommune publicly announced that the funds raised during this D round of financing set a record for the company with a total investment amount of USD 200 million. This marks the completion of another large-scale transaction within the shared office space industry. This D round of financing was completed with All-Star Investment Fund as the leading investor and CEC Capital as the following investor. CEC Capital served as the sole financial adviser to Ucommune during this round of financing.
On October 17, 2018, Ucommune and Fountown signed an agreement stipulating Ucommune’s acquisition of Fountown, which includes Ucommonue’s acquisition of Fountown’s 26 shared office space locations in Beijing and Shanghai. The transaction will strengthen Ucommune’s position as the IP behemoth of China’s shared office space industry. Beijing-based investment firm CEC Capital served as the exclusive financial adviser to Ucommune during the acquisition.
The online platform for used cars, Mychebao, announced today that it completed its D round of financing, raising RMB 800 million. Green Harbor Investment was the lead investor and the follow investors included Pacific Alliance Group (PAG), Addor Capital,
April 25, 2018- RENRENCHE.COM, a leading Chinese trading platform for used cars, announced that it had completed a new round of financing in the amount of $300 million. The round was led by Goldman Sachs’SSG group, with participation from Tencent and Didi, two internet behemoths in China. CEC Capital served as the Exclusive Financial Advisor to RENRENCHE in this transaction.