New Oriental Industrial Fund helped Ronglian (aka Yuntongxun) close a series F round it claimed was the largest yet for a Chinese cloud communication technology producer.
Ronglian Cloud Communications, the China-headquartered cloud communication technology provider also known as Yuntongxun, has closed a $125m series F round featuring education provider New Oriental’s Industrial Fund, China Money Network reported yesterday.
The round was led by Capital Venture Investment Fund, a fund formed by the state-owned China Reform Holdings Corporation with Postal Savings Bank of China, China Construction Bank and Shenzhen Investment Holdings.
Financial services provider Mirae Asset, brokerage Parantoux Capital and hedge fund manager CloudAlpha also took part…
