China: Youon Bike's $87m IPO; Unisound's $45m fundraising

China: Youon Bike's $87m IPO; Unisound's $45m fundraising

White bikes clustered together.

Amid the funding craze for bike rental platforms in China, Youon Bike floated its shares and raised $87 million from August 17 IPO. Meanwhile, voice recognition technology provider Unisound has grabbed a RMB300 million ($45 million) funding from undisclosed investors.

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