Chinese operating system (OS) startup Uniontech Software Technology has garnered 1.1 billion yuan ($168.2 million) in a Series A round of funding led by state-owned investment firm Beijing E-Town International Investment & Development.
In a filing with the Shenzhen Stock Exchange (SZSE) late Tuesday, ArcherMind Technology, a shareholder, revealed that Uniontech raised the new investment from a consortium of 18 institutional investors at a pre-money valuation of 4.8 billion yuan ($734.4 million).
