China Digest: Ninebot gets $100m; Tencent backs Wattpad; Dajialai & Jimi raise funds

China Digest: Ninebot gets $100m; Tencent backs Wattpad; Dajialai & Jimi raise funds

Xiaomi-backed scooter maker Ninebot has raised $100 million from SDIC Fund Management Company and China Mobile Innovation Industry Fund while Tencent Holdings has led a $40-million financing for Watpadd, In other funding developments, Dajialai and Jimi have raised series A and series B funding rounds, respectively.

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