China’s top heating cable manufacturer Wuhu Jiahong has raised over 100 million yuan ($14 million) of financing led by Harvest Capital and joined by Ff Fund, according to a company filing.
The firm is looking to deploy the proceeds in speeding up innovation of the heating cable system by strengthening artificial intelligence.
The Wuhu-based manufacturer provides all-functional heating productions and solutions to commercial, industrial and residential areas.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 6, 2019.