China Merchants Securities Co-Leads $160M Round In Cloud Firm QingCloud

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Beijing-based enterprise cloud services provider QingCloud has raised a RMB1.08 billion (US$160 million) series D round from investors including China Merchants Securities International Co., Ltd., China Merchants Securities Zhiyuan Capital, River Head Capital, CICC Jiatai Fund and China Oceanwide Holdings Group. The deal marks the latest in a series of venture investments in China’s cloud computing sector this year.

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