Chinese e-commerce giant Alibaba Group Holdings is planning to acquire a controlling stake in integrated Internet advertising platform AdChina Limited to expand its footprint in the digital advertising space, according to an official announcement AdChina posted on its Weibo account. No transaction details are disclosed. In 2012, AdChina filed for an IPO on the NASDAQ to raise as much as US$100 million, but the plan did not go through.
Shanghai-based cloud computing service provider UCloud has completed US$100 million series C round of financing led by Legend Capital, according to a company announcement. VMS Legend Investment Fund, DCM, Bertelsmann Asia Investments, and GX Capital also participated. The company says it will use the proceeds on technology development, hiring new talents, marketing, and expanding into international markets.
Shenzhen-based cloud communication service provider Ucpaas has completed close to RMB100 million (US$16 million) series B round of financing led by Legend Capital, according to a company announcement. Chengwei Ventures also participated in the round. Founded in April 2014, Ucpaas serves over 30,000 registered developers and corporate clients, including Alibaba Group Holdings and Xiaomi Inc.
Beijing-based cloud solutions and services provider EasyStack Inc. has closed US$16 million series B funding led by RuShan Capita, with participation from existing investors YingDong Investment and BlueRun Ventures, according to a company announcement. The company will use the latest proceeds to accelerate product development, hire talents, increase marking and sales, as well as expand business to the Asia Pacific region. Founded in 2014, EasyStack received US$2 million series A financing from BlueRun Ventures in July 2014. The company provides …
Wuxi city, Jiangsu province-based cloud computing firm Chinac.com has raised US$100 million series C round of financing from Haitong Securities, according to Chinese media reports. At the same time, Haitong Securities and Chinac.com will launch a RMB1 billion (US$161 million) cloud computing investment fund.
Palo Alto, California-headquartered Agora, Inc., a communications as a service (CaaS) provider, has completed US$20 million series B round of funding from Morningside Ventures, SIG, GGV Capital, ShunWei Capital and IDG Capital Partners.
Shanghai-based Teambition, a cloud-based collaboration and project management tool, has completed US$12 million series B round of financing led by Northern Light Venture Capital.
Kingsoft Cloud Group has raised US$60 million in a series C round of financing from parent company Chinese software firm Kingsoft, IDG Capital Partners and an entity associated with China Asset Management Co., Ltd., according to a disclosure document.
Kingsoft Cloud Group has raised nearly US$50 million in a series C+ financing round led by a fund backed by China Merchants Securities, three months after the cloud computing unit of Kingsoft raised US$60 million in a series C round.
CloudMinds, a cloud robotics start-up founded by the former head of the research division of China Mobile, has raised US$31 million angel and seed financing from SoftBank Group International, Hon Hai Precision Industry Co., Ltd., Walden International and Keytone Ventures.
Beijing-based corporate cloud communication service provider Yuntongxun.com has completed US$70 million series C round of financing led by exiting investor Sequoia Capital, with participation from TBP Capital.
China’s Internet-of-Things (IoT) market is to grow at 41.1% compound annual growth rate and reach US$121 billion by 2022, according to a new research report by MarketsandMarkets.
Testin, a Beijing-based start-up that provides one-stop cloud testing services to mobile app and games developers, has completed a US$30 million series C funding round led by existing investor IDG Capital Partners, according to a company announcement.
Shunwei Capital has led a series A+ round in SSqian, a DocuSign-like start-up that allows users to sign and manage contracts electronically, Chinese media reported.
Chinese enterprise file management start-up FangCloud Technology has raised US$8.4 million in a series A+ round led by Chen Weixing, founder of Kuaidi Dache, according to Chinese media reports.
Beijing-based CASH Capital (Beijing) Investment Management Co, Ltd., an investment arm of the Chinese Academy of Science Holdings, has led a US$50 million series C round in EasyStack, an open source enterprise cloud platform and services provider in China.
Oriza Holdings and CICC Alpha have led a RMB960 million (US$139 million) series D round in Shanghai UCloud Information Technology Co., Ltd., a cloud computing infrastructure and services provider, according to a company announcement.
Chinese conglomerate Fosun Group has led a nearly RMB100 million (US$14 million) series C round in CloudCare, a Shanghai-based cloud computing company. Existing investor Sequoia Capital China also participated in the round.
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd., announced today that it plans to establish new data centers in Mumbai, India and Jakarta, Indonesia, bringing its total number of data centers globally to 17.
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.
Chinese angel investor 10Fund has led a series A round worth tens of million RMB in CloudBrain, a U.S. and China-based artificial intelligence cloud start-up, with participation from WI Harper Group.
Haimawan, a cloud-based mobile operating system developer, has raised RMB360 million (US$58 million) in a series C round from investors including Shenzhen Stock Exchange-listed Elefirst Science & Technology Co., Ltd.
T2 Cloud, a Beijing-based cloud solutions provider, has raised a series B round investment of nearly RMB100 million (US$14 million).