Oriza, CICC Alpha lead $139m series D in Shanghai startup UCloud

Chinese management funds Oriza Holdings and CICC Alpha have led a RMB 960 million ($139 million) series D round in UCloud Information Technology, a Shanghai-based cloud service provider.

UCloud will use the fresh capital to expand its research team and build infrastructure, as well as develop its artificial intelligence, a press statement said.

The funding round follows an announcement on the startup’s latest solution called “UCloud Yun Han,” which includes global solutions, AI solutions, security solutions, and big data computing solutions for public, private, and hybrid clouds, as well as specialty clouds for interactive video and finance.

Founded in 2012, UCloud has 17 data centers in China, Asia-Pacific, North America, and Europe, as well as 11 domestic offline service stations. It has more than 50,000 customers – consisting of companies and individuals – who are in various industries such as retail, manufacturing, finance, gaming, and e-commerce.

Previously, UCloud received an “eight-digit” US dollar-denominated series A funding from Bertelsmann Asia Investments and DCM in 2013. Later in 2014, it won another $50 million series B from Legend Capital. It was then followed by $100 million series C in 2015 before securing the latest series D from CICC Alpha and Oriza.

CICC Alpha is a direct investment unit of China International Capital Corporation Limited (CICC). It manages several funds which focus on new industries, including internet, consumer, healthcare, media, manufacturing 4.0, and Green economy, with an investment scope that covers angel to mature companies.

Meanwhile, Oriza and its subsidiaries offer private equity investment services, including debt financing, PE consulting, and investment management services. It invests in firms in travel, manufacturing, and semiconductors.

Also Read:

Chinese biopharma firm CStone gets $150m Series A from Oriza, Boyu, WuXi

Boyu Capital & 58 Group acquire minority stakes in Vanke Property

China Dealbook: Legend Capital backs Up Pictures; 24Tidy raises $21m

Chinese delivery firm SF Express to complete Shenzen listing

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.