IDG Capital and CPE led a USD1b Series B for China-based gene sequencing equipment manufacturer MGI Tech, a subsidiary of genomics company BGI Group, with participation from Huaxing Growth Capital, Guofang Capital (under Shanghai International Group), Huatai Zijin Investment (under Huatai Securities), Ti Capital, Sailing Capital, Co-Stone Capital, Dingfeng Asset, and Guotai Junan Venture Capital. Existing investors Goldstone Investment and Green Pine Capital Partners re-upped. Read more