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China Digest: GL Ventures backs Sobot; Daoer to raise $75m; Xiaohongshu mulls US IPO
Aggregated Source: ChinaLegalBlog.com

Chinese cloud-based intelligent customer service startup Sobot Technologies and Daoer Biologics have raised funds, while Xiaohongshu is reportedly mulling an IPO.

GL Ventures leads $31m Series C+ round for Sobot GL Ventures, the venture capital (VC) arm of investment firm Hillhouse Capital, has led a 200 million yuan ($30.8 million) Series C+ round of financing for Chinese cloud-based intelligent customer service startup Sobot Technologies, alongside capital injection from China-focused VC Yunqi Partners.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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