China Digest: JS Global to acquire Qfeeltech; Xie Zhu raises $37m

Closeup photo of white robot arm. Source: Franck V./Unsplash

Hong Kong-listed JS Global Lifestyle has agreed to acquire all shares in Chinese machine vision startup Qfeeltech, while intelligent hotel solutions provider Xie Zhu Technology has raised 258 million yuan ($37 million) in equity and debt financing to consider SE Asian expansion.

JS Global Lifestyle to acquire Chinese AI startup Qfeeltech

Hong Kong-listed household appliances maker JS Global Lifestyle has agreed to acquire all shares in Chinese machine vision startup Qfeeltech for up to 210 million yuan ($30 million).

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