China Digest: Baidu said to lead $140m round in WM Motor; Xiaomi, Yunfeng back Jinying

Yingfeng Capital
Chinese Yuan notes. Photo: Reuters

In separate business developments, China’s Baidu is reportedly leading a new $140 million round in WM Motor, while Jinying Technology raised $40 million in its latest round led by Xiaomi Inc and Yunfeng Capital, the China Money Network reported.

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