China Digest: Wenge nabs $29m: Lenovo Capital backs eCloudTech

Beijing Wenge Group has garnered 200 million yuan ($29 million) in a Series C round of financing led by state-owned Shenzhen Capital Group. Meanwhile, Nanjing eCloud Technology (eCloudTech) has secured ‘millions of US dollars’ in Series A+ round of funding from Lenovo Capital and Gaorong Capital.