China Digest: Xiaomi backs Fenxiang Life; Sky Semiconductor bags over $14m

China Digest: Xiaomi backs Fenxiang Life; Sky Semiconductor bags over $14m

Fenxiang Life has raised “tens of millions of US dollars” in its Series A round funding led by Chinese electronics giant Xiaomi Corporation, while Xiamen Sky Semiconductor Technology has garnered over 100 million yuan ($14 million) in a Series A round of financing led by SDIC Venture Capital.

Xiaomi leads funding in Fenxiang Life

Fenxiang Life, a mobile-friendly shopping guide social e-commerce platform, on Friday completed its Series A round funding raising “tens of millions of US dollars” led by Chinese electronics giant Xiaomi Corporation with participation from new investor Toutou Shidao Fund, as per a company statement.

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