China Digest: YanRong Tech, Sinovation in funding news

China Digest: YanRong Tech, Sinovation in funding news

YanRong Tech has closed a 120 million yuan ($19 million) funding in its Series A+ round led by Oceanpine Capital. In a separate development, NYSCPS has raised $10 million in its Series A+ round from Sinovation Ventures and others.