China Digest: Tencent backs Alauda; Fosun RZ Capital puts $15m Series A in Alilo

Illuminated commercial buildings are seen from the observation deck of the Oriental Pearl Tower at night in the Lujiazui Financial District in Shanghai, China, on Friday, Oct. 13, 2017. Photographer: Qilai Shen/Bloomberg via Getty Images

Internet service firm Tencent Holdings has led a $15 million funding into cloud computing service firm Alauda. Meanwhile, developer of digital toys for toddlers, Alilo, has raised a $15 million Series A from Fosun Group backed VC firm, Fosun RZ, the China Money Network reported.

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