Chinese cloud service provider Qiniu Information Technology announced eight-digit dollars of Series C financing led by CBC and followed by existing investors of Matrix Partners China and Qiming Venture Partners, who participated in Series A and Series B round, respectively.

The company disclosed that the financing will be used in infrastructure and cloud industrial chain construction, R&D, and expansion into overseas markets.

Qiniu is a cloud-based storage solutions provider in China, offering one-stop data management services to enterprises. The company is founded in 2011 by Xu Shiwei, a former technological researcher at China’s top Internet companies of Kingsoft and Shanda.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.