Chinese cloud service provider UCloud announced today that it has landed nearly US$100 million of Series C financing led by Legend Capital with the participation of VMS Legend Investment Fund, DCM, Bertelsmann and GX Capital. This is largest capital injection in China’s IaaS (Infrastructure as a Service) sector so far. The company had previously received Series […]
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ChinaNetCloud Announces $9 million USD A Series As Cloud Market Heats Up
ChinaNetCloud, one of the burgeoning number of cloud services in China, has announced a $9 million dollar A series, led by Juren Capital and followed by Jolly Capital. Founded in 2008, the startup currently claims to be working with over 300 companies across the e-commerce, mobile, P2P lending and IoT sector. According to the Founder […]
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Chinese Cloud Service Provider Qiniu Raises Eight-digit Dollars Series C Financing
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, […]
