China Digest: JYBD raises $50m; Sequoia, WuXi AppTec back German firm

China Digest: JYBD raises $50m; Sequoia, WuXi AppTec back German firm

Laboratory equipment. Photo: Pixabay

Auto part e-commerce platform jybn.cn has gathered 350 million yuan ($50 million) in its Series B round of financing led by Sino-Ocean Capital while Sequoia Capital China and WuXi AppTec have invested in German gene therapy company ViGeneron GmbH.