Chinese database firm Kingbase closes RMB100m financing

Chinese database company Kingbase announced the completion of nearly 100 million yuan in financing on July 10. The financing round was invested by Taiji Group and other existing investors, as well as strategic investors including Linewell, DHC, and more.

Chinese database company Kingbase announced the completion of nearly 100 million yuan in financing on July 10. The financing round was invested by Taiji Group and other existing investors, as well as strategic investors including Linewell, DHC, and more.

After this round of financing, Taiji continues to be the largest shareholder of Kingbase with a 33.28% stake.

The successful completion of this financing will inject new kinetic energy into the development of Kingbase, help the company to continue to increase investment in product development and market expansion, and promote the company to become an industrial enterprise with advanced technology and improved products.

Founded in 1999, Kingbase is the first domestic database company established in China.

The company has built a system of products, services and solutions covering the entire data management lifecycle, which have been widely applied in more than 20 major industries and key fields, such as e-government, national defense, energy, finance and telecommunications.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/15/chinese-database-firm-kingbase-closes-rmb100m-financing/.

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