Smart home device maker Aqara nets $156m from Shenzhen Capital, Joy Capital, others

Source: Company website

Chinese smart home devices maker Aqara, which is owned by Xiaomi-backed Lumi United Technology, has raked in an aggregate of 1 billion yuan ($156 million) in its Series C round of financing. 

Besides returning investor Joy Capital, the latest round attracted new investors including state-backed Shenzhen Capital Group, China Telecom, Shanghai-based Greenwoods Asset Management, Zhongyuan Capital, as well as Liantong Zhongjin, a joint fund co-launched in 2017 by China Unicom and CICC Capital. 

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