China Digest: Farasis Energy raises $790m, Codoon secures $20m

Visual from Codoon's website

Venture capital and private equity firms in China continue to invest in the country’s tech firms, with Farasis Energy and Codoon raising fresh funds recently, according to a China Money Network report.

China Venture Capital backs Farasis Energy’s $790m Series C

Farasis Energy (Ganzhou), a Chinese lithium-ion battery company headquartered in California, has raised $790 million in a Series C funding round backed by China Venture Capital.

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