The Alibaba-backed Electronic World Trade Platform co-led an eight-figure dollar round that will support cloud software developer RongCloud's technology and international growth plans.
China-based cloud software tools producer RongCloud has attracted “tens of millions” of dollars in a series D round co-led by Electronic World Trade Platform, the investment fund anchored by e-commerce firm Alibaba, DealStreetAsia has reported.
The round was co-led by venture capital firm Shenzhen Capital Group and was the seventh to be closed by the company, according to DealStreetAsia, which stated security services provider Oriental Security had invested an undisclosed amount in March 2020.
RongCloud provides cloud software covering areas…
