China Digest: DataStory bags $39m; Yiming Cell raises nearly $30m
Summary
Proceeds from the financing will be used to spruce up four projects — platform-as-a-service (PasS) based system, product innovations, business ecosystem development, and global expansion. Six-year-old DataStory leverages its big data platform and cognitive AI technology to support digitalisation across industries. DataStory has already closed six other rounds of financing and is backed by Zhuhai Da Heng Qin Company, Technology Financial Group, Ipsos Investment, and Join-Cheer Software, among others. Yiming will invest the fund for CDMO solutions, facility base, marketing activity, and technology innovation. Headquartered in Beijing, Yiming runs as a biotechnology company that provides one-stop drug discovery and development service for global pharmaceutical enterprises.