China's GitHub substitute raises $107m

Other investors include Shanghai Science & Technology Venture Capital, Zhangjiang Science & Technology Investment, Legend Capital, Shanghai SIIC Fund, China Mobile Beijing Fund, China Internet Investment Fund, and Lenovo Capital & Incubator Group, according to a statement.

The round has established Gitee has an independent platform, with Baidu's interest being diluted from 51.54% to 14.04%.

Shenzhen-based Gitee, also known as Open Source China, was founded in 2008. It has become China’s dominant platform for hosting open-source code using git - a free and open-source distributed version control system designed to help coders collaborate or track changes.

Gitee is positioned as a Chinese equivalent to US-based GitHub, the world's dominant open-source code platform. It was established in 2008 and acquired by Microsoft 10 years later. Amid rising tensions between the US and China, there are concerns that domestic access to GitHub could be cut off.

Gitee has released various substitute products: Gitee Team for Jira, Gitee Code for GitLab, Gitee Pipe for Jenkins, and Gitee Repo for JFrog. Its offering is intended to cover the entire code development management process. The company claims to provide one-stop services to government, military, financial, and manufacturing customers.

Gitee has hosted nearly 100,000 open-source projects, working with 10m developers, 260,000 enterprises, and 2,000 higher education institutions. Last year, it released Landscape, a hub for more than 200 open-source communities, and acquired the Japan-based open-source community OSDN, formerly known as Sourceforge.jp.

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• Topics
• Greater China
• Technology
• Early-stage
• China
• enterprise software
• Legend Capital
• Lenovo Capital
• Baidu
• China Mobile