Wuxi-based enterprise cloud service provider Huayun Data Technology Services recently announced the completion of RMB 500 mln in Series D+ funding from Tongkong Investment Management, Haitong Leading Capital Management, and other investment organizations. The funding will go towards preparing Huayun for its IPO.
Huayun, established in 2010, currently has operations centers in Beijing, Shanghai, Guangzhou, and Shenzhen, as well as Hong Kong and New York. Huayun not only provides customers with Infrastructure as a Service (IaaS), Platform as a Service (PaaS), cloud coordination Software as a Service (SaaS), and cloud CDN services, but also provides cloud solutions such as private clouds, finance clouds, and gaming clouds.
Huayun is currently the sole cloud solutions provider to Chinese companies Haier, Ping An Insurance (2318.HK; 601318.SH), and Wuxi Metro, as well as several other enterprises.
Huayun previously received USD 100 mln in Series C funding in July 2015 from Haitong Securities (600837.SH) subsidiary Haitong Capital.
Editor's Note: For more information on this topic, please see "Cloud Service Provider Huayun Wins USD 100 Mln Series C Funding," MD 7/29/15 issue.