BUSINESS China’s consulting startup Newtop 100 completes new round of financing

BUSINESS

China’s consulting startup Newtop 100 completes new round of financing

Xinhua

13:49, July 24, 2018

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Chinese consulting venture Newtop 100 announced Thursday has completed its Series A+ Round Financing, receiving 40 million yuan ($5.89 million) from Wu Capital, Hillhouse Capital Group and Tiantu Capital to expand its team and consolidate its underlying database, according to its CEO Li Zhigang.

The firm, founded in January 2016, provides in-depth training to industry leaders in the arena of new technologies and business models.

A new leader camp called “Mountain-Sea” was also announced, which will provide six offline classes in a variety of fields for entrepreneurs.

Working as both advisors to venture capitalists on potential Chinese investments and an aide to start-ups, the firm aims to “build a new-economy ecosphere,” Li said, noting the project will gather resources and encourage interactions of high frequency traders, to provide valuable and practical strategic assistance for start-up CEOs based on dozens of conferences, forums and summits it hosts every year.

“The camp will be helpful and inspirational”, said Zuo Aisi, vice president of Banyan Capital. Zuo said he trusts Li, because Li  “has clear insights on the key nodes of a company’s development.”

The most signifiant ability for being a trillionaire startup is to spot trends, according to Li Jing, general manager of Tiantu Capital. “I am optimistic about Newtop 100.”

Newtop 100 completed the Series Pre-A Round Financing in July 2016 and achieved its Series A Round one year later.


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