The semiconductor producer netted a nine-figure amount of series C funding from investors including SAIC Motor vehicle Shang Qi Capital.

China-based semiconductor technology developer Beijing Eswin Technology Group has secured $392m in a series C round backed by automotive manufacturer SAIC Motor’s Shang Qi Capital subsidiary, DealStreetAsia reported yesterday.

The round was co-led by investment bank Citic Securities’ private investment arm, Goldstone Investment, with China Internet Investment Fund, and included Legend Capital, the venture capital firm spun off by conglomerate Legend Holdings.

Financial services firm China Development Bank, China InnoVision Capital, IDG Capital and private investor Liu Yiquan filled out…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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