FXiaoKe, a Beijing-based mobile office solution provider, has raised an undisclosed amount in funding from CITIC Private Equity Funds Management (CITIC PE) and Hillhouse Capital.
Existing investors IDG Capital Partners, DCM and Northern Light Venture Capital also participated in the round, the company said in a media briefing. CITIC PE is a unit of CITIC Ltd., China’s largest conglomerate engaged in financial services, real estate and infrastructure, engineering contracting, resources and energy and manufacturing.
FXiaoKe was founded in 2011, and started a provider of sales management software that supported customer relationship management, along with field operation management and distribution chain management.
It later became a software as a service (SaaS) provider of mobile office solutions to Chinese companies. In July, it raised $100 million in series D funding from IDG, DCM and Northern Light Venture Capital. It had earlier raised $50 million in a series C round led by DCM in December 2014.
SaaS is a licensing and distribution model for companies that host software centrally. Such licensing is offered to clients on a subscription basis.
Fxiaoke now has more than a thousand employees, with offices in Shanghai, Guangzhou, Shenzhen and Hangzhou. It claims to have more than 115,000 registered enterprise users.
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