SoftBank, Goldman Sachs & others invest $260m in Chinese HR tech firm Beisen

SoftBank, Goldman Sachs & others invest $260m in Chinese HR tech firm Beisen

Source: Hunters Race/Unsplash

Chinese tech firm Beisen has raised $260 million in what it claims to be the largest financing in the local human resources (HR) software-as-a-service (SaaS) market.

For its Series F round of funding, Beisen roped in new investors including SoftBank Vision Fund 2, Goldman Sachs, Chinese private equity (PE) firm Primavera Capital and US asset management giant Fidelity International.

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