China Digest: MatrixPartners invests in Advaccine; Baidu Smart Living closes new funding

China Digest: MatrixPartners invests in Advaccine; Baidu Smart Living closes new funding

REUTERS/Kim Kyung-Hoon

Beijing Advaccine Biotechnology has raised 200 million yuan ($29 million) in a Series B round funding from MatrixPartners, Star Capital, and others, while Baidu’s Smart Living Group (SLG) has secured an undisclosed Series A from Baidu, CPE, and IDG.