Matrix backs Yiwu Technology and 10 more deal updates from Greater China

Yiwu Technology, which provides automation solutions for the warehousing and logistics industry, said on Friday that it has pocketed nearly 100 million yuan ($15 million) in its Series A round of financing.

Matrix Partners China served as the lead investor in the fresh round, while returning investors – Sinovation Ventures and ZhenFund – made follow-on investments. Investment bank 100Summit Partners facilitated the transaction.

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