
Recently, Mininglamp Technology and MeiRi Technology, "the champion of big data joint computing model," set up Tomorrow Data. Both parties achieved strong combination, complementary advantages providing one-stop marketing intelligent closed-loop solutions. Tomorrow Data integrates extensive experience in digital marketing. The resource advantages of MeiRi Technology and Mininglamp Technology have strong data insight ability to help brand owners enhance marketing value. Tomorrow Data can effectively empower the brand owners and industry clients in multiple scenarios, such as global marketing data monitoring, marketing data centralization, global media planning and advertising optimization, etc. helping clients quickly gain insight into consumers, scientifically measure media and social marketing effectiveness, and achieve sustainable growth.
On August 30, the Hurun Institute officially released the Global Unicorn Index 2022 Half-Year Report at The 8th Guangzhou Annual Investment Conference & the 1st Global Unicorn CEO Forum in Guangzhou. Yuanxin Technology gained recognition affirming the investment value of Yuanxin Technology. At the same time, Mr. Luo Dongtao, Co-President of Yuanxin Technology, will be invited to the symposium to share the practical exploration of Centraltech's approach to patient management and supply side empowerment under the convergence of medical, pharmaceutical and payment systems. Luo Dongtao said that being on the list is a recognition and encouragement of the company's innovation ability and social value. As a healthcare technology company listed twice on the list of the Glogbal Unicorn Index, Yuanxin Technology will continue to strengthen its own scientific and technological innovation ability and comprehensive customer solutions, constantly participate in the promotion of the digital development of the healthcare industry, so as to contribute to the strategic objectives in the Outline of the plan "Healthy China 2030".Tuhu Auto Services (Tuhu) updated the prospectus in August. As of June 30, 2022, Touhu had 86.4 million registered users. In the 12 months ended June 30, Touhu had 15.7 million trading users at a year-on-year rise of 19%. Tuhu has an average monthly active user of 9 million. As of the last quarter, the workshop-store network included 179 self-operated stores and 4,114 franchisees, with 25,321 partner stores across the country. Touhu has the largest and most accurate database of auto parts in China, covering 26 brands and more than 55,000 types, with a matching accuracy of 99.99%. In terms of daily active users, Lanhu, Touhu's proprietary stores and technician management system, ranks first in China.According to related data of Tuhu, as of the end of July 2022, its sinking stores have covered nearly 40% of the domestic counties and cities. The number of stores are more than 1200. In the first half of 2022, its will cover over 200 cities, a 35% increase in the coverage rate compared with the end of 2021. From the national perspective, its sinking stores are clearly more profitable. Data show that in June this year, the profit level of Touhu sinking stores is more than twice as high as that of stores in first and second tier cities. It follows that the Tuhu has taken a big step into a sinking market, and it's moving fast enough.In the third quarter of 2022, multiple portfolio companies of Starquest GPs' in Healthcare industries are in process of IPOs.On August 22, 2022, HLC's portfolio company, United Imaging Healthcare (688271 .SS), a high-performance advanced medical imaging equipment company, was listed on the STAR Market of Shanghai Stock Exchange at an offering price of RMB109.88 per share, raising total proceeds of RMB10.988 billion. On the first day of listing, the share price increased by 65% from the offering price, and the company's market capitalization exceeded RMB140 billion.In addition, over the past three months, a number of portfolio companies of Starquest GPs' have completed next round of financing in Technological Enterprise Services, Healthcare and Consumption.Technological Enterprise ServicesSource Code Capital's portfolio company, AI KE NONG, a decision-making service provider for intelligent crop planting, completed hundreds of millions yuan in a Series A + + round of financing, led by Tencent. PowerOak, the head brand of energy storage manufacturers, completed hundreds of millions yuan in a Series B+ round of financing, which was invested by Source Capital, Forebright Capital and etc.
Source Code Capital and Gaorong Capital's portfolio company, Raysolve, a developer of Micro-LED microdisplay chips, completed more than ten million dollars in a Series Pre-A + round of financing, jointly led by Weihao Chuangxin and AAC Technologies. Gaorong Capital continued to participate in the investment.Gaorong Capital's portfolio company, Dianxiaomi, a global e-commerce SaaS service platform, announced that it completed USD110 million in a Series D round of financing whose investors included SoftBank Vision Fund II, Sequoia China, Tiger Fund, GGV and Huaxing Growth Capital. Another portfolio company of Gaorong Capital, a domestic gallium nitride IDM company, Zhineng Technology, announced the completion of a Series Pre-A round of financing led by Roberto Bosch's venture capital. CIMO Microelectronics, a R&D enterprise of D/A conversion chip, completed hundreds of million yuan in a Series A round of financing, led by Eight Roads. Gaorong Capital continued to participate in this round of financing. Gravity XR, a special smart chip gravitation enterprise, completed a Series Pre-A round of financing and the investors included Gaorong Capital and Sequoia China, etc.Gaorong Capital and Zhen Fund's portfolio company, a high-tech intelligent manufacturing enterprise of energy storage batteries, WeView, completed over 400 million yuan in several rounds of financing and the investors included Gaorong Capital and GreenPine Capital, etc.Source Code Capital's portfolio company, MobiDrop, a multi-platform molecular diagnostic company, completed nearly hundred million yuan in a Series A + round of financing, led by LYFE Capital. Other investors included Source Code Capital and Yunxiang Capital.Gaorong Capital's portfolio company, IntellectiveBio, a CDMO Enterprise, announced that they had completed over 500 million yuan in a Series C round of financing, co-led by Gaorong Capital and TsingSong Capital.Matrix Partners portfolio company, NovoCodex Bio, a biotechnology and pharmaceutical company, completed over 400 million yuan in a Series B round of financing and the investors included SDIC Fund, Lilly Asia Ventures (LAV), Cybernaut Investment, etc.HLC's portfolio company, a R&D, manufacturing and marketing of new disposable consumables and equipment in the biopharmaceutical industry, LePure Biotech, completed 850 million yuan in a Series C round of financing of 850 million yuan, led by GA and Goldman Sachs. Hanbon Sci. & Tech, a provider of liquid chromatography purification solution service, completed 301 million yuan in a Series C round of financing, led by China Life PE. GauGene, a provider of flow fluorescence multiple inspection products, completed over hundred million yuan in a Series B round of financing led by Fortune Capital. Other investors included Tao Capital, Qiming Venture Partners. BriSTAR Immunotech, a developer of innovative drugs focused on cellular immunotherapy, announced the completion in a Series B + round of financing, led by Tsinghua Holdings Capital.Sherpa Capital's portfolio company, Insight Life Tech, the leader of cardiovascular precision intervention solutions, completed a Series D + round of financing led by Sherpa Capital. Other investors included Taiping Healthcare Fund, Sequoia China, etc.Consumer and Industrial InternetSource Code Capital's portfolio company, a developer of home service robots, Narwal Robotics, completed a Series D round of financing led by Tencent. RuiGu Shop, a MRO one-stop purchasing platform for industrial products, completed USD150 million in a Series E round of financing led by Teachers' Venture Growth.Eastern Bell Capital's portfolio company, Hamedal, a remote conferencing smart device provider, completed hundreds million yuan in a Series B round of financing led by GP Capital. Other investors included Vision Ventures, GGV Capital and some old shareholders.Starquest Capital received multiple industry honorsStarquest Capital has been awarded several industry honors over the last three months by FOF Research Center, Chinese Venture, FOFWEEKLY, etc.On July 31, FOF Research Center released the Mid-Year List of 2022. Starquest Capital was named as the "TOP 20 Best Returns of Market-oriented FOFs in 2022". On August 18, Chinese Venture officially released the 2021-2022 List of Industrial Investment in China. Mr. Jin Jinxian, the Chief Financial Officer and Managing Director of Starquest Capital, was awarded as "China Best Outstanding Innovator of LP in 2021-2022". Starquest Capital was named as the “TOP 20 Best Market-oriented FOFs” on the List of 2022 Soft Power of Investment Institutions published by FOFWeekly on September 8. At the same time, CYZONE released the List of ESG Best Practice Award for China's VC firm. Starquest Capital was awarded as "TOP 50 ESG Best Practice Award for China's VC firm".
On September 19, Mr. Frankie Fang, the founding managing partner of Starquest Capital, was invited to attend SuperReturn Asia held in Singapore, and discussed the topic of "China 2060 and Common Prosperity: Pushing Towards A Sustainable Future?", providing views on carbon neutral China, sustainability and regulatory risks.