China VC Weekly: Xiaoice, Lingerie and More
In last week’s VC news, Microsoft’s China-based spin-off gets a new injection granting it unicorn status, local lingerie industry leader Neiwai raises a whopping $100 million in the latest round, Alibaba and SAIC motors back smart vehicle software startup Banma, attracting $464 million in investment from a cohort of new and old backers, al…