<article>Chinese smart car venture Banma Network Technologies has secured $234 million from Yunfeng Capital and others while healthcare technology platform Meimai has snagged $30 million led by Cenova Capital.</article>

Chinese smart car venture Banma Network Technologies has secured $234 million from Yunfeng Capital and others while healthcare technology platform Meimai has snagged $30 million led by Cenova Capital.
<h3>Banma secures $234m funding from Yunfeng Capital others</h3>
Banma Network Technologies, a smart car venture of <a href="https://www.dealstreetasia.com/?s=Alibaba+Group" target="_blank" rel="noopener">Alibaba Group</a> and Chinese state-owned automaker <a href="https://www.dealstreetasia.com/?s=SAIC+Motor" target="_blank" rel="noopener">SAIC Motor</a>, has raised over RMB1.6 billion ($234 million) from Yunfeng Capital, Shang Qi Capital and China’s State Development &amp; Investment Corporation (SDIC), according to a release.
The venture aims to roll out 6 million cars for the Chinese market by 2023 while also targeting partnerships with other car-makers.
SAIC Motor Corp and Alibaba Group, back in 2015, announced a fund of $160 million to invest in the deployment of Internet cars. In 2018, SAIC Motor also launched a computing cloud platform in partnership with Alibaba Cloud, a subsidiary of Alibaba Group for vehicle research and engineering.
<h3>Meimai secures $30m led by Cenova</h3>
<a href="https://www.dealstreetasia.com/?s=Meimai" target="_blank" rel="noopener">Meimai</a>, Chinese healthcare technology platform that offers big data-led medical and health services, has raised a $30-million Series B round from Chinese investors led by <a href="https://www.dealstreetasia.com/?s=Cenova+Capital" target="_blank" rel="noopener">Cenova Capital</a>, the China Money Network reported.
Other investors who participated in the round include Matrix Partners China, Vision Plus Capital and its existing investor, Source Code Capital which contributed a Series A investment closed in June 2016.
Meimai has a coverage across 17 regions in China and offers a number of services such as making appointments, online consultation with doctors, medical record management, grading diagnosis and treatment.
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Chinese smart car venture Banma Network Technologies has secured $234 million from Yunfeng Capital and others while healthcare technology platform Meimai has snagged $30 million led by Cenova Capital.

China Digest: Alibaba-backed Banma raises $234m; Meimai snags $30m

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China Digest: Alibaba-backed Banma raises $234m; Meimai snags $30m

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