Alibaba-backed Qianxun SI hits $1.83b valuation after Series A round

Alibaba-backed Qianxun SI hits $1.83b valuation after Series A round

Source: Photo by NASA on Unsplash

Chinese high-precision positioning service provider Qianxun SI announced on late Friday that it has secured 1 billion yuan ($141 million) in a Series A round of financing, taking the valuation of the Alibaba-backed company to over 13 billion yuan ($1.83 billion).

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