China Digest: Cloudbreak nets $25m; Sinovation backs Maihaoche

China Digest: Cloudbreak nets $25m; Sinovation backs Maihaoche

China

Biomedicine firm Cloudbreak has raised nearly 180 million yuan ($25 million) in a fresh funding round. In a separate development, B2B trading platform Maihaoche has raised more than $20 million led by Zhejiang Heico Holding Group.