Yishu Technology raises Series A at RMB 600M valuation to expand health-beauty tech abroad

What's the deal? Yishu TechnologyDealroom has a profile for this one. Try Dealroom →, a Chinese health and beauty brand using AI and IoT technology, has completed a Series A round at a post-money valuation of RMB 600 million. The source identifies Hangke Fund as the exclusive investor.

What it means. Yishu combines smart hardware, data platforms and personalised services in a health and beauty ecosystem. It plans to use the funding for AI algorithm development, IoT device interconnection and localised service networks overseas.

Where it stands. The company says its sales network reaches 23 countries, with channel partnerships and users across Asia, Europe and the Middle East. Its parent group, Yishu Global Holdings, has a brand portfolio including Yishu, Nutritree and TIL, and operates across AI-IoT, technology-enabled aesthetic care, biological anti-ageing and physiotherapy wellness.

Read more: Harbinger Times

Image credit: Ivan Radic