China Digest: Hokbee bags $25m; 5Y Capital invests in Youhualin

China Digest: Hokbee bags $25m; 5Y Capital invests in Youhualin

Supply chain services provider Hokbee has secured $25 million in a Series A round jointly led by MatrixPartners China and Cathay Capital, while 5Y Capital has led a nearly 100 million yuan ($15 million) round in the data-driven decision developer Youhualin.

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