Chinese smart city platform developer raises $283m
China Everbright has led the first phase of Series C round – worth RMB2 billion ($283 million) – for Terminus Technologies, a Chinese supplier of city-level internet of things (IoT) platforms.
Additional contributions came from e-commerce giant JD.com, voice recognition software developer iFlytek, and an investment arm of Wanda Group. Terminus is a popular target among strategic players with...
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