China’s QingCloud raises $160m, prepares for onshore IPO
China-based cloud computing platform QingCloud, which is backed by several VC investors, has raised a new round of renminbi-denominated funding worth RMB1.08 billion ($160 million).
New investors coming into the round include China Merchants Securities International and its affiliate China Merchants Zhiyuan Capital, Yonghui Capital, River Head Capital, CICC Jiatai Fund, and China...
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