Happy Tuesday from KrASIA! 

Coming out of a quiet Golden Week, we witnessed a natural boost in investment activity — 4x the number of deals from last week. Transportation and shared mobility takes the spotlight — Shouqi Yueche (首汽约车) and GoFun have raised hundred of millions for their Series C and B rounds. 

Key political and economic leadership continues to espouse national will for economic reform; their aim is to create an optimized environment for both local and overseas enterprises to flourish in China. 

• Investments quadrupled this week; totalling 60 deals closed, compared to 15 the week prior 
  
• Healthcare and Enterprise Services hold their lead, accounting for 23.3% and 31.6% of all investments respectively
• Investors showed favor to growth stage startups — 53.3% of all investments were made in Series A and Series B rounds

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• Largest transaction of the week: Shouqi Yueche (首汽约车) raised several hundred million USD for its series C
• Capital flow in the Education industry indicates the beginning of the Matthew effect; investors return to established, top-tier companies 

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• 414 companies list on Shenzhen Stock Exchange's GEM (Growth Enterprise Market) board — a nod to the positive effects of recent regulation reform
• Premier Li Keqiang emphasizes national will to create a fair, well-regulated environment for both domestic and foreign-funded companies. 

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• Thirteen (十三余品牌) — traditional clothing company founded by 2 millennial content creators; sales hit more than RMB 300 million in 2019, 10% of which was from the 11/11 sales.

• YMLC (御米粮仓) — smart hardware company that creates intelligent food storage and purification for rice; addresses the issue of low, domestic adoption rate of rice boxes. 
• QCraft — autonomous driving solutions company focused on developing large-scale intelligent simulation systems, self-learning decision-making framework and more, for Level 4 autonomous urban driving. 
  

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Note: KrASIA's 'China's Venture Roundup Volume 7' was adapted from 36Kr's Venture Weekly series