China Digest: E-commerce platform Yunji raises $120m, Shenzhen Capital backs Formlabs' $30m round

China Digest: E-commerce platform Yunji raises $120m, Shenzhen Capital backs Formlabs' $30m round

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Chinese investors continue to pour money into startups, with e-commerce platform Yunji raising $120 million in a Series B round from CDH Investment and Huaxing Growth Capital and Shenzhen Capital Group backing a $30-million Series C round in Formlabs.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter