China big data start-up gets $30m Series C
Yonghong Tech, a Chinese big data analytics software provider, has raised RMB200 million ($30 million) in Series C funding from Tencent Holdings’ VC unit, Yuansheng Capital, Oriental Fortune Capital, and Matrix Partners.
An investment unit linked to Beijing-based technology consultancy iResearch Consulting Group is also said to have taken part. According to AVCJ Research, Matrix invested RMB60 million in Yonghong in 2014....
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