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.

Haitong Securities Invests $100M In Chinac.Com

Wuxi city, Jiangsu province-based cloud computing firm 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 will launch a RMB1 billion (US$161 million) cloud computing investment fund.

RuShan Capital Leads $16M Series B Round In EasyStack

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 …

Legend Capital Leads $16M Series B In Ucpaas

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.

Legend Capital Leads $100M Series C In UCloud

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.

Venture-Backed AdChina To Be Acquired By Alibaba

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.