Xinyi Information won largest financing in NB-IoT chip sector

Xinyi Information Technology recently received nearly 200 million yuan of investment in the A+ round, which is said to be the largest financing in NB-IoT chip sector.

Xinyi Information Technology recently received nearly 200 million yuan of investment in the A+ round, which is said to be the largest financing in NB-IoT chip sector.

CTC Capital led the investment, SinoWisdom and three existing shareholders FreesFund, Hangzhou Orient Jiafu Asset Management Company, and Septwolves Group also participated.

CMS Zhiyuan Capital acted as exclusive financial advisor.

This is another landmark development of Xinyi Information Technology since it became the only supplier to China Mobile on NB-IoT chips after the Ministry of Industry and Information Technology’s Circular 25 was issued.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/11/xinyi-information-won-largest-financing-in-nb-iot-chip-sector/.

Leave a Reply

Please Login to Comment