China Merchants Capital
Yueng, a provider of IoT solutions for garbage collection, recently raised nearly 50 million yuan in its Series A financing round.
This round was jointly invested by Shenzhen Capital Group, China Merchants Capital, VenturesLab and Tongfang Huifang, a sub-fund of Tsinghua Tongfang, and other institutions.
Shenzhen Udi Technology (Udi Tech) recently announced the completion of the Series B3 round of financing. This round was led by Wuhan Snowglobe Asset Management, with participation from Legend Capital, China Merchants Capital, and Convivialite Ventures.
Proceeds from the fresh funding round will be used for capacity expansion, market expansion, and R&D investment.