Enterprise Cloud Service Provider Huayun Raises RMB 1 Bln in Pre-IPO Funding
PC Online, 6/11/18
Wuxi-based enterprise cloud service provider Huayun Group (formerly Huayun Data Technology Services) has completed RMB 1.0 bln in pre-IPO funding, according to an announcement from chairman and CEO Xu Guangbin. The company's next step will be an RMB-denominated domestic listing.
Huayun completed five funding rounds prior to the current one over the last seven years for a total of RMB 2.5 bln and a final valuation of over USD 1.0 bln.
The current round had continued participation from Shanghai Orient Securities Capital Investments and attracted several strategic investors, including GF Securities, Tsinghua Holdings Fund, V Star Capital, and Lonyer Holding.
Huayun is a public, private, and hybrid cloud services provider using credible cloud authentication. Huayun also announced the launch of its self-developed IP H2CITM and VMware dual-stack enterprise-grade hyper-converged product strategy. H2CITM, an enterprise partnership product based on experience from long-term enterprise user services and its self-developed hyper-converged system H2CUltraTM, helps companies easily build plug-and-play data centers.
Editor's Note: For more information on this topic, please see Enterprise Cloud Service Provider Huayun Raises RMB 500 Mln Series D+, MD 5/11/17 issue.
Keywords: Lonyer Holding cloud computing VC Internet funding valuation Orient Securities Tsinghua Holdings Huayun Group GF Securities V Star Capital Xu Guangbin Internet data center
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