<article>Fortune Capital leads Series A in Beijing-based CloudIn. CITIC Capital leads Series B in China Great Wall Environment Improving company.</article>

Fortune Capital leads Series A in Beijing-based CloudIn. CITIC Capital leads Series B in China Great Wall Environment Improving company.
<h3 style="text-align: justify;">Fortune Capital leads series A in CloudIn</h3>
<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Fortune+Capital">Fortune Capital</a>, one of the leading venture capital firms in China, has led a RMB70 million ($10.16 million) Series A round in Beijing-based cloud computing services provider <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=CloudIn">CloudIn</a>, according to China Money Network.
The company closed a RMB40 million seed round from Yunqi Partners and Morningside Group in December 2015. Meanwhile, Yunqi Partners also continued its investment in the latest round, the media reported.
CloudIn was set up in September 2015 by Wang Jiang, who previously worked at Sinovation Ventures. It offers cloud computing services and infrastructure.
In less than two years, it has secured clients in both public and private sectors and plans to use the latest proceeds to increase its market share in Big Data and cloud markets.
&#8220;Cloud platforms and Big Data technologies will be integrated in the future, especially the diverse IaaS platform, and big data and artificial intelligence focused PaaS platform. Building cloud platforms for enterprises and big data ecosystems, helping companies improve their business value, will be the trend of cloud services in the next three to five years,&#8221; said Ze Junquan, a manager at Fortune Capital.
Shanghai-based UCloud Information Technology, a competitor of CloudIn, secured $140 million series D from CICC and Oriza Holdings at the end of March.
Fortune Capital has invested in over 300 deals since its establishment in 2000. Of those, 41 companies were listed on stock exchanges and 27 deals were exited through M&amp;A.
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<h3 style="text-align: justify;">CITIC Capital leads Series B in Chinese energy-saving firm</h3>
<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=citic+capital">CITIC Capital</a> has led a RMB120 million ($17 million) Series B round in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=China+Great+Wall+Environment+Improving">China Great Wall Environment Improving Co Ltd</a>, an energy saving and environmental protection services provider.
The company is part of China Aerospace Science and Technology Corp, which is the state-owned contractor for the Chinese space programme.
In 2015, China Great Wall Environment Improving secured RMB120 million ($17 million) Series A from Qiming Venture Partners and Delta Capital.
To date, China Aerospace Science and Technology is the largest shareholder, following by Qiming Venture Partners.
Peter Yin, a principal at Qiming, said to the local media that China Great Wall Environmental Improving has grown rapidly in term of sales revenue.
“We are positive about the company&#8217;s future, and will continue to invest to help it list in domestic stock exchange,” he said.
The latest proceeds will be used to invest in its project related to the government’s One Belt, One Road initiative and renewable energy projects.
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Fortune Capital leads Series A in Beijing-based CloudIn. CITIC Capital leads Series B in China Great Wall Environment Improving company.

China: Fortune Capital invests in CloudIn; CITIC Capital funds energy-saving firm

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China: Fortune Capital invests in CloudIn; CITIC Capital funds energy-saving firm

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