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China Digest: YanRong Tech, Sinovation in funding news
February 3, 2021
YanRong Tech has closed a 120 million yuan ($19 million) funding in its Series A+ round led by Oceanpine Capital. In a separate development, NYSCPS has raised $10 million in its Series A+ round from Sinovation Ventures and others.
YanRong Tech nets $19m in Series A+
China’s next-generation cloud storage solutions developer YanRong Tech has closed a 120 million yuan ($19 million) funding in its Series A+ round led by Oceanpine Capital, per a company statement on Wednesday.
The Series A+ round saw the participation from Shenzhen-based Cowin Capital and UCAP – Oceanwide Fund, a joint fund co-launched in 2020 by UCAP Cloud Information Technology and China Oceanwide.  ....

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