China Digest: FIT Hon Teng acquires Germany's SWH Group; Raynovent Biotech, GreenValley raise funding

China Digest: FIT Hon Teng acquires Germany's SWH Group; Raynovent Biotech, GreenValley raise funding

REUTERS/Bobby Yip

FIT Hon Teng, a subsidiary of Apple contractor Foxconn, is set to acquire Germany’s SWH Group. Raynovent Biotech has snapped nearly $54 million in a Series C round, while GreenValley bags $29 million to ramp up R&D.