China Digest: Furniture brand Qumei raises $48m; Dark Horse invests in AIoT startup

China Digest: Furniture brand Qumei raises $48m; Dark Horse invests in AIoT startup

Visuals from Qumei's Website

Qumei, a Beijing-based furniture brand that owns Ekornes, plans to sell a 10.11 per cent stake to a Chinese state-owned investment firm while Chinese startup incubator Dark Horse has invested in Pi2Star Technology.