China Digest: Cloudwise raises $60m; SoftBank backs FineMEMS's $30m Series D

China Digest: Cloudwise raises $60m; SoftBank backs FineMEMS's $30m Series D

Illustration/Photo: Internet Archive

Cloudwise has secured a $60 million Series D3 round funding led by CITIC Private Equity Funds Management, while Wuhan FineMEMS Inc. has garnered 200 million yuan ($30 million) in a Series D round of financing from SBCVC, Changing Innovation Investment, and FG Venture.