Taimei Technology, a Chinese provider of tech-enabled life science solutions, has secured over 1.2 billion yuan ($176 million) in a new funding round co-led by Tencent, Hillhouse’s venture capital arm GL Ventures, and YF Capital, a private equity firm backed by Alibaba co-founder Jack Ma Yun.
Chinese early-stage VC Morningside Venture Capital; Matrix Partners China, which is affiliated with US-based Matrix Partners; and SoftBank China Venture Capital (SBCVC) also participated in the fundraising, Taimei announced on Monday.
