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China Digest: Zongwei raises funding; Intellifusion to acquire local design house

Zongwei has raised strategic financing, while Shenzhen-based AI firm Intellifusion Technologies plans to acquire a smart wearable design house. ....

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China's Forebright Capital closes Fund III at over $500m to back enterprise tech

Fund III focuses on growth-stage advanced manufacturing and enterprise software services companies. ....

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