Rong Cloud Captures Hundreds of Millions of Yuan in Series D

Technology Author: Niko Yang Editor: Luke Sheehan Nov 09, 2020 12:30 PM (GMT+8)

According to iResearch, the company has consistently ranked first in China's instant messaging Cloud landscape over several years.

Image credit: Oliur/Unsplash

China's Cloud communication servicer, Rong Cloud, has closed a Series D financing of several hundred million yuan from an investment group led by eWTP Fund and Shenzhen Capital Group.

The company will use the proceeds to reinforce the R&D processes for new product development and global network building, aiming at firms located In 'One Belt And One Road' countries.

Rong Cloud offers low latency, reliable, Cloud-based instant messaging and real-time communication services. Its portfolio incorporates customized products to various applications such as social media, streaming and e-commerce. The company's packages have been selected by thousands of enterprises, including Fortune China 500 companies like Industrial and Commercial Bank of China and China Mobile.

The company's solutions can be accessed through public, private and hybrid clouds. It has built a network covering 233 countries, including several data centers and thousands of points of presence.

The Cloud communication sector in China has been enhancing its prosperity with a few financing activities recently. Last week, we reported on the largest private equity financing so far in China's Cloud communication field.