Sichuan province-based big data firm BusinessBigData has received RMB100 million (US$16 million) series B round of financing from Sinolink Securities Co., Ltd, CDH Investments and another unidentified investor, according to Chinese media reports.
The company previously received an undisclosed series A round from Shenzhen Fortune Venture Capital Co., Ltd. in April, according to its website.
BusinessBigData says it will use the proceeds on product development and team expansion.
Founded by a group of Chinese scientists, BusinessBigData focuses on big data for the financial services sector.
