1. News
January 5, 2018updated 04 Jan 2018 10:49am

Deals this week: MissFresh, Yunnan Hongxiang Yixintang Pharmaceutical, Tiebaobei

MissFresh has raised $500m through a Series D financing round.

MissFresh has raised $500m through a Series D financing round.

MissFresh is a Canadian e-commerce company that offers food delivery services.

The venture financing was closed on 27 December 2017.

Yunnan Hongxiang Yixintang Pharmaceutical has secured CNY900m ($137.38m) through a private placement of 47.17 million shares priced at CNY19.08 ($2.91) a share.

Yunnan Hongxiang Yixintang is a China-based pharmaceutical retail chain operator.

“Superactive Group intends to use the funding for working capital and general corporate purposes.”

The private placement was closed on 27 December 2017.

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Chinese second-hand construction equipment trading platform operator Tiebaobei has raised $50m through a Series C+ financing round.

Closed on 27 December 2017, the funding round was led by Chinese investment firm Grand Flight Investment Management.

CBC Capital, Qiming Venture Partners, Genesis Capital China, Far East Horizon, and DCM Ventures China also took part in the funding round.

Superactive Group intends to raise HK$300m ($38.38m) through a private placement of senior secured bonds, which will yield a coupon rate of 8% a year for a period of two years.

Based in Hong Kong, the firm designs, manufactures and distributes consumer electronics.

Superactive Group intends to use the funding for working capital and general corporate purposes.