CDH Investments Joins $16M Series B Round In BusinessBigData

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.

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