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Chinese Cloud Service Provider UCloud Announces US$50M in Series B to Expand to North America
Chinese Cloud service provider UCloud announces US$50 million in Series B funding led by Bertelsmann Asia Investments and Legend Capital, joined by existing investor DCM who participated in the previous round of US$10 million together with Bertelsmann.
UCloud, founded in 2012 by former Tencent execs, is specialized in game hosting and related Cloud services. This round of funding will be used for building the data center in the North America and BGP data centers.
UCloud now hosts and serves some of the top revenue generating games in China. A data center has been in place in Hong Kong to help Chinese games who have users in Southeast Asia. The data center in the North America is expected to serve users of Chinese games in that region.
The company management told TechNode earlier this year that UCloud eventually go IPO in the U.S.
It’s Chinese competitors include Cloud startups, such as Upyun and Qiniu, and Cloud services backed by big Chinese Internet companies such as Alibaba and Tencent.