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

Sports utility vehicles (SUVs) waiting to be exported are seen at a port in Lianyungang, Jiangsu province, China April 5, 2018. REUTERS/Stringer/Files

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.

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