China Digest: SenseTime raises $60m; China Creation Ventures backs IceKredit; U-Parking fundraise

China Digest: SenseTime raises $60m; China Creation Ventures backs IceKredit; U-Parking fundraise

Sailing Capital has led a $60 million investment in SenseTime, a start-up focused on artificial intelligence, while the newly formed venture capital firm China Creation Ventures has participated in a $16 million round in IceKredit, a fin-tech company focused on SMEs. In another deal, parking management app U-Parking has raised $1.7 million from Gobi Ventures.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter