Chinese smart city player Terminus raises $173m Series B
Terminus Technologies, China’s largest city-level mobile internet platform, has raised RMB1.2 billion ($173 million) in an extended Series B round led by China Everbright and IDG Capital. Local artificial intelligence (AI) technology developer SenseTime also took part.
China Everbright and IDG are both existing investors in the business, having provided RMB500 million in Series A funding – alongside CITIC Private Equity – in July 2017. As a mobile internet of things...
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