China Digest: Zongwei raises funding; Intellifusion to acquire local design house

China Digest: Zongwei raises funding; Intellifusion to acquire local design house

Zongwei Technology specialises in the R&D of intelligent maglev conveying systems, a type of conveying solutions that enable highly efficient and flexible assembly of products like semiconductors and EV batteries. Photo from Zongwei's company website.

Zongwei, a Chinese developer of production automation solutions, has raised strategic financing, while Shenzhen-based AI firm Intellifusion Technologies plans to acquire a smart wearable design house.

Edited by: Joymitra Rai