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China Digest: Luxury retail platform Panghu, Yeasen Biotech secure funding

China Digest: Luxury retail platform Panghu, Yeasen Biotech secure funding
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

China s Fortune Capital secures $858m first close of RMB fund, targets $1 1b final close

The management team and controlling shareholder Hunan TV & Broadcast Intermediary poured over 10% into the fund.

China Digest: Zonsen Biotech bags $34m; 6cloud raises $23m

China Digest: Zonsen Biotech bags $34m; 6cloud raises $23m Photo: Bloomberg April 30, 2021 Zonsen Peplib Biotech has secured 220 million yuan ($34 million) in a Series A+ round of financing, while 6cloud Tech has raised 150 million yuan ($23 million) in a Series C round of financing from Ying Capital, and others. Zonsen Biotech bags $34m in Series A+ round Drug discovery platform Zonsen Peplib Biotech Co. Ltd (Zonsen Biotech) has raked in 220 million yuan ($34 million) in a Series A+ round of financing led by CDH Wealth Management an alternative asset management platform of CDH Investments with over $1.6 billion in assets under management. Legend Star, along with a slew of investors, including ASB Ventures, healthcare-focused Highlight Capital, Shenzhen-based Cowin Capital, and Fortune Capital have collectively participated in the current round, according to a company statement on April 29.

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