Yunfeng, Alibaba invest $152m in Chinese cloud storage firm
Qiniu Information Technology, a Shanghai-based cloud storage and computer technology developer, has completed a RMB1 billion ($152 million) funding round led by Alibaba Group and Yunfeng Capital, a GP co-founded by Alibaba chairman Jack Ma.
The company plans to use the new capital to strengthen its cloud computing, big data and artificial intelligence (AI) technology capabilities, Shiwei Xu, founder of Qiniu, told local media. Established...
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