China Digest: Weimob to buy Yazuo for $16m; OrderPlus gets $14m from Cathay Capital

China Digest: Weimob to buy Yazuo for $16m; OrderPlus gets $14m from Cathay Capital

Photo: Reuters

Hong Kong-listed commerce and marketing firm Weimob has agreed to acquire a majority stake in Chinese intelligent catering solutions firm Yazuo, while Cathay Capital has invested 100 million yuan ($14 million) in a Series B funding round of Chinese cross-border e-commerce OrderPlus.