China Digest: Redpoint China Ventures backs Feiwei; biomedical firm Zeesan bags $10m

China Digest: Redpoint China Ventures backs Feiwei; biomedical firm Zeesan bags $10m

Shanghai Feiwei Information Technology has raised 100 million yuan ($15 million) in a Series B round of financing co-led by Redpoint China Ventures and GP Capital, while Zeesan Biotech has garnered $10 million from Sinovation Ventures.

Shanghai Feiwei bags $15m in a Series B round

Big data services specialist Shanghai Feiwei Information Technology Co., Ltd has announced the completion of a 100 million yuan ($15 million) Series B round co-led by Redpoint China Ventures and GP Capital, a state-backed fund jointly launched by Shanghai International Group and Huatai Securities in 2009.

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