China's VC-backed cloud service developer Qiniu nets $141m in Series F round

Shanghai-headquartered cloud and data solution provider Qiniu Cloud on Tuesday announced that it has raised as much as 1 billion yuan ($141 million) in its Series F round of financing from state-owned China Structural Reform Fund Corporation Limited, BOCOM International Holdings Company Limited and Jumbo Sheen Group’s investment arm. 

The company previously raised the same amount in its Series E round of funding from Chinese internet giant Alibaba Group and YF Capital in August 2017. 

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