Greenland Holdings invested in a $43.2m round for the Cisco and Country Garden-backed city management software provider City Cloud in connection with a strategic partnership.
China-based cloud computing and big data technology provider City Cloud International secured RMB300m ($43.2m) on Monday in a series C round backed by real estate developer Greenland Holdings.
Founded in 2012, City Cloud has developed cloud computing software that helps small and medium-sized enterprises (SMEs) and local governments leverage big data technology to manage smart cities and industrial projects.
The company claims its smart connected community platforms and cloud computing services have been used by more than 100,000 SMEs in…
