Caixin

Coronavirus test-equipment maker MGI Tech rakes in $1bn funding

Rising demand for startup's nucleic acid extraction kit drives Series B round

PENG YANFENG and DENISE JIA, Caixin
May 29, 2020 13:33 JST

MGI Tech, a major provider of COVID-19 testing equipment in China, completed a $1 billion series B round led by IDG Capital and Citic Private Equity Funds Management.

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