A unit of Tencent Holdings Ltd. has led a RMB200 million (US$30 million) series C round in Yonghong Tech, a Chinese big data analytics firm, according to Chinese media reports.
Genesis Capital, Shenzhen Oriental Fortune Capital, Matrix Partners and iResearch also participated.
Yonghong Tech's big data analytics tools allow users to quickly install, visualize and analyze data via simple procedures, usually conducted within one day.
Its tools are used by e-commerce firms, healthcare companies, financial services and Internet finance users.
The start-up previously raised RMB100 million (US$15 million) series B round led by Shenzhen Oriental Fortune Capital in December 2015.
In January 2015, Matrix Partners invested RMB50 million in a series A+ rould in the company.
...This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network
