China Digest: Kai-Fu Lee's AInnovation enters unicorn club; Plum raises Series B2

China Digest: Kai-Fu Lee's AInnovation enters unicorn club; Plum raises Series B2

Sinovation Ventures chairman and CEO Kai-Fu Lee. Photographer: David Paul Morris/Bloomberg

Kai-Fu Lee’s AI firm AInnovation has entered the unicorn club after a Series C round, while Chinese used luxury goods platform Plum has raised tens of millions of US dollars in a Series B2 round.

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