CDH Venture Leads Series A Round For UpYun.Com

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Hangzhou City, Zhejiang province-based cloud storage service provider says it has received tens of millions RMB in series A financing led by Chinese venture firms CDH Venture and Songshu Capital, according to the company’s official Weibo account.

Shen Zhihua, UpYun’s co-founder, says that the proceeds will be used to expand the company’s technology infrastructure, build up its team and marketing efforts. 

China Money Network

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