China Digest: Alibaba-backed WayRay snags $80m; Sequoia leads $22m Yunxi round

China Digest: Alibaba-backed WayRay snags $80m; Sequoia leads $22m Yunxi round

Visual from WayRay Facebook page.

WayRay, a Swiss developer of augmented reality-enabled car navigation systems, has raised $80 million in Porsche-led Series C round while intelligent digital service provider Yunxi Technology raised $22 million in a funding round led by Sequoia Capital.

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