Business, Internet, Software

China's QingCloud Completes CNY1.08 Billion Series D Financing

China's enterprise cloud services provider QingCloud has completed its series D round financing of CNY1.08 billion.

Its investors included China Merchants Securities International, China Merchants Zhiyuan Capital, Riverhead Capital, Zhongjin Jiatai, Oceanwide Investment, Blue Run Ventures, and Lightspeed China Partners.

QingCloud plans to use the new capital to enhance its research and development within the ICT industrial chain key technologies, promote global network development, enlarge industrial and regional market coverage, increase enterprise service ecology establishment investment, and reinforce enterprise application development and delivery market by cooperation with more partners.

Commenting on the new financing, QingCloud's chief executive officer Huang Yunsong said that as a leading enterprise core business cloud computing service provider in China, QingCloud is always committed to innovation and reform of corporate IT and CT services. With the new investment, the company will continue to add and improve its products and services and join hands with more partners to offer enterprise applications and comprehensive solutions which are closer to business scenarios, so as to realize its upgrade from a basic cloud services provider to a comprehensive enterprise services platform.

In the future, QingCloud's product and service systems will cover a wider range, including functional chips, infrastructure services, development platform, and IT full industrial chain for enterprise application delivery.

QingCloud already completed three rounds of financing in June 2012, December 2013, and March 2016, respectively.

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