China Digest: Tencent backs Leyaoyao; AR smart glass firm MAD nabs $19m

China Digest: Tencent backs Leyaoyao; AR smart glass firm MAD nabs $19m

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AIoT-focused startup Leyaoyao has garnered 150 million yuan ($21.5 million) in a Series C round while smart glass developer MAD Gaze has closed 130 million yuan ($19 million) in a Series A round.