Zhejiang Newspaper Media’s Fresscon Capital unit took part in a round for the Cisco, Country Garden and Greenland Holdings-backed urban data technology provider.

China-based smart city technology developer City Cloud International (CCI) has raised RMB1bn ($154m) in series D funding from investors including media group Zhejiang Newspaper Media Holding Group, 36Kr reported on Wednesday.

Fresscon Capital invested on behalf of Zhejiang Newspaper Media and was joined by fellow returning investors DT Capital Partners, JG Investment and Tsinghua Venture Capital’s HuaYi Ventures.

The government-sponsored Yuexiu Financial Holdings’ Industrial Fund, Hangzhou Hi-Tech Investment, Hangzhou Gaoxin Venture Capital and Jiashan County State-Owned Assets Investment filled out…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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