ChiefClouds: Cloud Service Company ChiefClouds Nets more than 100 Mn in Series B

Founded in 2007, ChiefClouds is a platform based on big data and cloud services that aims to improve operational efficiency and reduce operating costs for enterprises. The company recently announced that it has successfully closed a new round of financing. The round was led by Hang Sheng Digital Industry Fund (Chinese：恒生数字产业基金), followed by Shaanxi Investment Growth Fund (Chinese：陕投成长基金) and long-time shareholder IDG Capital. Proceeds from this round will primarily be used to further enhance product competitiveness and accelerate market expansion.