China Digest: Longneng raises $63m; Sequoia China backs Eaglechip's $41.5m deal

China Digest: Longneng raises $63m; Sequoia China backs Eaglechip's $41.5m deal

Photo by Nuno Marques on Unsplash

Chinese green energy company Longneng has secured about 435.4 million yuan ($63.1 million) in its pre-IPO round. Separately, Eaglechip, a nascent integrated circuit (IC) developer, has completed its angel round at 286 million yuan ($41.5 million) from investors including Sequoia Capital China.

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