Sequoia leads $70m round for China cloud services specialist
Existing investor Sequoia Capital China has led a $70 million Series C round for Yuntongxun, a Chinese provider of cloud-based services for corporate communications, followed by TrustBridge Partners.
Yuntongxun was founded in 2009 and launched its service in May 2013. It provides cloud communication technology solutions, such as video calls and instant messaging, to more than 50,000 Chinese enterprises...
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