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In last week’s China VC news, autonomous driving technology startup HoloMatic completed its Series B1 round of financing, SaaS vendor G+ bagged 180 million yuan for further business expansion, while prominent VC ZWC Partners closed a new $774 million US-dollar fund.
On Tuesday, HR software as a service (SaaS) provider Moka announced that it has completed its C Round of financing, in which it garnered $100 million.
The round was led by Source Code Capital and Cathay Capital Private Equity, followed by Qiming Venture Partners, Yunqi Partners and Toutoushidao Capital.
SaaS service provider China Youzan has launched its first round of layoffs this month. The first employees to be cut are product and technology R&D staff.
LinkMore, a clothing supply chain SaaS (Software as a Service) provider, on Tuesday completed an A+ round of strategic financing worth $30 million.
OKKI, the foreign trade SaaS tool under the Alibaba.com, will officially launch its AI version on December 1st.
Kingsoft Office, a leading software and internet services company based in China, released the Kingsoft Digital Office Platform on Thursday, as well as three brand-new products.
China's leading cross-border e-commerce company, DHgate, which operates a centralized marketplace, has announced the repositioning of MyyShop as a one-stop social commerce software-as-a-service (SaaS platform) in June.
Alibaba-owned Keruyun, a SaaS (Software as a Service) platform for the catering, retail and beauty industries, will begin to operate independently and Alibaba will reduce its holdings in the firm.