Alibaba-Backed Industrial Internet Platform Developer Closes $14M In Series Pre-A Round

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Wuxi Xuelang Digital System Technology, the developer of Chinese industrial internet platform Xuelang Cloud, has raised nearly RMB100 million (US$14.51 million) in a series pre-A round of financing led by Mount Morning Capital, the early-stage venture capital platform of Chinese private equity firm China Broadband Capital (CBC).

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