Technology Jul 16, 2020 02:54 PM (GMT+8) · EqualOcean
On July 16, China Fortune-Tech Capital (CFTC), a private capital project of Semiconductor Manufacturing International Corporation (SMIC, 00981:HKEX, 688981:SH), announced that it has invested an undisclosed amount of capital in Shanghai-based intelligent processor developer Biren Technology. EqualOcean reported in June on Biren's Series A where the startup raised a record CNY 1.10 billion from Qiming Venture Partners led the deal, while IDG Capital, Walden International, Glory Ventures, Gree Ventures, Green Pine Capital Partners as well as a few others backers.
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