Acadine attracts $100m from Tsinghua

Tsinghua Unigroup, a subsidiary of the state-backed Tsinghua Holdings invested by Tsinghua University, has invested $100m into Acadine, a China-based mobile operating system (OS) developer.

Acadine, which has branches in London, Palo Alto, and Hong Kong, will use the cash to further develop its mobile OS H5OS. The HTML5-based OS will look to provide simpler technical architecture than other OS platforms which is more memory and power efficient.

Zhao Weiguo, chairman of Tsinghua Unigroup, said: “The operating system is the most critical link between users and service providers, and this field is the most important battleground for the entire IT industry worldwide. Yet it has been highly monopolised on the desktop and in the mobile space, and the offerings cannot meet the specialized needs of many vertical sectors. The Acadine team has the international vision and calibre to challenge this monopoly and we fully support them in this endeavour.”