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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UCloud Becomes the First Chinese Cloud Service Provider to Establish Data Center in the U.S.
Chinese cloud service provider UCloud announced today that it has begun testing a new data center in Los Angeles, U.S. It’s the company’s second data center outside mainland China, with one in Hong Kong which launched in November last year. Primarily for mobile gaming, UCloud aims to provide game developers with users outside China better services with […]
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[TechCrunch Beijing] Chinese Cloud Services Taking on New Role as Incubators
Guo Peng, vice president of UCloud, Dominique Tu, VP at Kii, and Lv Guihua, president at Qiniu, took stage today at TechCrunch Beijing with TechCrunch China co-editor Shuhang Lee to discuss the red-hot cloud service industry. As old friends of ours, the three panelists have joined us last year at TechCrunch Shanghai to talk about the sector. When being asked to […]
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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 […]
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UCloud, the First Chinese Cloud Startup to Offer Game Hosting Overseas
UCloud is the first to offer game server hosting service to Chinese online/mobile games with presences outside China. The Chinese cloud startup has opened a data center in Hong Kong, for games with users in East & Southeast Asia, in late 2013 and is considering building another one in the U.S. As a flock of Chinese mobile […]
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IaaS Startup Ucloud Secured $10 Million Series A Financing from DCM and Bertelsman
IaaS startup Ucloud announced $10 million of Series A financing led by DCM and Bertelsmann, the largest capital injection in this sector so far. The fund is now in place. The investment will be poured in R&D, marketing and procurement of hardware, such as servers, according to Ji Xinhua, CEO of the company (report in […]
