China VC Weekly: Fitness Tech, Groceries, Smart Car Washes and Big Data – Pandaily

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This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech. Local grocery e-commerce pioneer MissFresh could be valued at $3 billion. In other notable news, Alibaba-backed smart car wash company 1KM raised a $30 million C+ round from ClearVue Capital, which will go in part towards overseas expansion. Chinese big data firm Sensors Data, similarly raised a $30 million C+ round from Xianghe Capital.

Keep becomes the first fitness tech unicorn

Chinese mobile fitness community Keep announced that it had completed an $80 million E-round of financing earlier this year, thus becoming the first fitness tech company to achieve unicorn status. The financing round was led by Jeneration Capital, and followed by shareholders GGV Capital, Tencent, Morningside Venture Capital and BAI Capital.

The company said it will continue to focus on the mission of offering better fitness solutions and will strengthen its content and product capabilities. It aspires to be a sports experience platform and a brand that really addresses users’ exercise needs

About KeepFounded in 2014, Keep has more than 200 million users. It started as an online fitness tutorial app that also features a community space. As the app grew …

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