News Snapshot:
Chinese cloud-based intelligent customer service startup Sobot Technologies and Daoer Biologics have raised funds, while Xiaohongshu is reportedly mulling an IPO. GL Ventures leads $31m Series C+ round for Sobot GL Ventures, the venture capital (VC) arm of investment firm Hillhouse Capital, has led a 200 million yuan ($30.8 million) Series C+ round of financing for Chinese cloud-based intelligent customer service startup Sobot Technologies, alongside capital injection from China-focused VC Yunqi Partners. Beijing-based Sobot leverages AI and big data to help clients integrate and manage their call centres, chatbots, manual customer services, and work order systems. The startup has forged...