Tencent Leads Series C Funding in BI Software Provider Yonghong Shangzhi

36Kr.com, 7/23/16

Beijing-based Yonghong Shangzhi Technology, a business intelligence software and big data analysis solutions provider, has announced its completion of RMB 200 mln Series C funding led by Chinese internet and mobile services firm Tencent (0700.HK), with participation from Genesis Capital, Oriental Fortune Capital, Matrix Partners and iResearch.

Yonghong Shangzhi specializes in both data governance and data mining, where it provides tools for the expedited analysis of big data. The vast majority of the software's operations are essentially of the "click and drag" variety, meaning that users don't need to have a technical background to be able to deploy it for big data analysis.

Editor's Note: For more information on this topic, please see "Business Intelligence Software Provider 'Yonghong' Lands Series B," MD 12/11/15 issue.

Keywords: enterprise software VC M&A funding software Tencent Matrix Partners Series C 0700.HK Oriental Fortune Capital big data Yonghong Genesis Capital business intelligence

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