China Digest: IoT chip startup XINYI, biopharma firm Alebund raise funds

China Digest: IoT chip startup XINYI, biopharma firm Alebund raise funds

Photo by Brian Kostiuk on Unsplash.

Chinese Internet of Things (IoT) chips developer XINYI Information Technology has raised a Series B round, while biopharmaceutical firm Alebund Pharmaceuticals has secured $54.5 million.