China Digest: GL Ventures backs Sobot; Daoer to raise $75m; Xiaohongshu mulls US IPO
Source: Andy Kelly/Unsplash
April 28, 2021
Chinese cloud-based intelligent customer service startup Sobot Technologies and Daoer Biologics have raised funds, while Xiaohongshu is reportedly mulling an IPO.
GL Ventures leads $31m Series C+ round for Sobot
GL Ventures, the venture capital (VC) arm of investment firm Hillhouse Capital, has led a 200 million yuan ($30.8 million) Series C+ round of financing for Chinese cloud-based intelligent customer service startup Sobot Technologies, alongside capital injection from China-focused VC Yunqi Partners.
Beijing-based Sobot leverages AI and big data to help clients integrate and manage their call centres, chatbots, manual customer services, and work order systems. The startup has forged partnerships with over 300,000 corporates across the fields of consumer & retail, education, corporate services, gaming, and public service as of April 2021.