China Digest: VC-backed Meichuang bags $21m; Zhaoshicai raises $11m

Data security developer Hangzhou Meichuang Technology has garnered 150 million yuan ($21 million) in a new round of funding to expand its operations. In a separate development, food supply chain platform Zhaoshicai has secured 80 million yuan ($11 million) in Series A, A+ rounds.