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Chuizi Technology Completes RMB 180 Mln Series B Funding

36Kr, 4/14/14

Luo Yonghao, founder of Beijing-based Chuizi Technology, developer of the "Smartisan" mobile OS, today confirmed on the company's official microblog that Chuizi Technology completed RMB 180 mln in second-round funding at the end of March. Upon completion of funding, Chuizi Technology's total valuation now stands at slightly more than RMB 1.0 bln.

The company plans to release its first mobile handset on May 20, priced under RMB 3,000.

Editor's Note: For more background on this topic, please see "Rumor: Chuizi Lands RMB 150 Mln Series B Funding" MD 3/20/14 issue.

Keywords: mobile OS funding valuation second-round Luo Yonghao Chuizi Technology Smartisan

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