China Digest: Airwallex buys UniCard; Sequoia invests in Houmo.ai

China Digest: Airwallex buys UniCard; Sequoia invests in Houmo.ai

Airwallex

Airwallex has acquired Hong Kong-incorporated UniCard Solution Limited to empower Hong Kong’s retail payment industry with a Stored Value Facilities (SVF) license, while Sequoia Capital China has led an angel round for AI chips and applications developer Houmo.ai.