Alibaba Cloud's stake in the digitalisation technology provider now stands at over 31% following the latter's $61.5m series A round.
China-headquartered business management software provider Terminus has closed a series A round featuring e-commerce group Alibaba at RMB400m ($61.5m), DealStreetAsia reported yesterday, citing a company statement.
Venture capital firm Sequoia Capital China led the round, which included technology investment firm Glory Ventures, while Alibaba participated through cloud services subsidiary Alibaba Cloud.
Terminus provides software that helps businesses improve the efficiency of their IT operations and execute digitalisation activities. It will put the series A funding into software development and human…
