Artificial Intelligence (AI) and machine learning (ML) solution development startup Petuum Inc has closed a $15 million Series A funding led by Chinese venture capital firm Advantech Capital with Tencent, Northern Light Venture Capital and Oriza Ventures. In another news, China fitness mobile app firm Hotbody has raised over $15 million in a series B funding round led by Haodao Capital along with a participation from Ameba Capital. Meanwhile, Technology startup AllMobilize Inc has closed$15 million series B+ funding round led by Shenzhen-based Fortune Capital.

China: AI startup Petuum, fitness app Hotbody, tech startup AllMobilize raise $15m each

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China: AI startup Petuum, fitness app Hotbody, tech startup AllMobilize raise $15m each

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Read more from Greater China

Temasek, HongShan-backed D3 Bio raises $108m in Series B round

Chinese sovereign wealth fund CIC’s profit soars 30.4% on investment gains