Country Garden Venture Capital, New World Group and Ping An co-led a round for the computing system developer likely sized around the $425m mark.

Corporate investors Country Garden, New World Group and Ping An co-led a series B round of undisclosed size for China-based semiconductor technology producer Biren Technology on Tuesday, taking its total funding to RMB4.7bn ($715m).

Bertelsmann Asia Investments (BAI), an investment vehicle for media group Bertelsmann, also took part, as did China Growth Capital, China Merchants Capital, IDG Capital, MSA Capital, Citic Securities Investment and Greater Bay Area Homeland Investments.

The round was filled out by Shanghai Guosheng Group’s Shanghai Strategy…

Edison Fu

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