China Digest: CPU developer HJ Micro snags $120m; PPIO raises $38m Series A

China Digest: CPU developer HJ Micro snags $120m; PPIO raises $38m Series A

Visuals from HJ Micro's official website.

HJ Micro, a Chinese developer of central processing units (CPUs), has raised 800 million yuan ($120.1 million) from lead investors including GL Ventures. Separately, distributed cloud computing startup PPIO has closed its Series A round at almost 250 million yuan ($37.6 million).