China’s IoT Chipmaker XINYI Secures Series A Round With Chips For Detailed Application

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XINYI Information Technology, a Chinese communication chip maker for the internet of things (IoT) industry, has secured a series A round of financing from an array of investors including China’s government-backed RMB21.5 billion (US$3.12 billion) worth Qianhai Fund of Funds.

China Money Network

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