Oriza Holdings and CICC Alpha co-led the latest round for the Bertelsmann and Legend-backed cloud computing services firm, bringing its overall funding to near $300m.
UCloud Information Technology, a China-based cloud computing company backed by media group Bertelsmann and conglomerate Legend Holdings, has raised RMB960m ($139m) in series D funding, China Money Network reported yesterday.
The round was co-led by asset management firm Oriza Holdings and CICC Alpha, a subsidiary of listed investment banking firm China International Capital Corporation.
UCloud provides cloud computing infrastructure services including data storage, distributed data processing and cybersecurity to internet-focused companies.
The company intends to spend the cash on expanding…
