China Digest: SINSEGYE closes $41m in Series A, A+; Proton inks term sheets for $75m Series B

Industrial intelligent computers maker SINSEGYE has closed 300 million yuan (approximately $41 million) in its Series A and A+ rounds. Separately, Proton Automotive Technology has signed term sheets with five domestic investors to raise 550 million yuan ($75.1 million) in a Series B round.