China Everbright, AIoT firm Terminus raise additional $305m for smart city fund

Smart City

CEL AI Economy Fund, jointly set up by financial conglomerate China Everbright Limited (CEL) and its technology platform Terminus Technologies, has raised another 2 billion yuan ($304.7 million) to launch its Fund III for investments in smart city solutions.

The new capital commitment came from the local government of southwestern China’s Deyang City, Sichuan Province, China Everbright announced in a WeChat post on Wednesday.

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