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China VC/Tech Weekly Roundup: Byton Eyes $500M Series C Round, Sky9 Capital Closes Two Funds At $440M

Chinese electric vehicle start-up Byton showed off the final production version of its SUV model, "M-Byte SUV," at the 2019 Frankfurt Motor Show on September 10, 2019.

    Categories: Podcasts

In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of September 9 to September 13, with Eudora Wang sitting in for Nina Xiang in Hong Kong.

Topics covered include Chinese all-electric vehicle brand Byton is raising a series C round at US$500 million after the start-up experienced a management shake-up and reported layoffs; Sky9 Capital closed two new funds with US$440 million in total capital commitments; and Houbank, a Chinese online peer-to-peer (P2P) lending platform that counts Sequoia Capital China as a major shareholder, has been put on file for investigation and prosecution of alleged "illegal absorbing public deposits."

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