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

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.

CASH Capital Seeks $322M For Second Venture Fund

Beijing-based CASH Capital, a venture investment unit launched by the Chinese Academy of Sciences Holdings Co. (CASH Holdings), has launched its second fund to invest in the TMT (technology, media, telecom) and life sciences sectors, according to an announcement posted on the parent company’s website. The RMB-denominated vehicle reportedly has a fundraising target of as much as RMB2 billion (US$322 million).