China Digest: Huilianyi bags $42m; Sequoia leads $14m round in Sunyur

Chinese corporate expense management platform Huilianyi has closed 300 million yuan ($42 million) in a Series C+ round of financing led by Huaxing Growth Capital, while Sequoia Capital China has led a Series A round of financing worth 100 million yuan ($14 million) in digital procurement solutions provider Sunyur Network.