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Softbank Leads $ 312 Million In Funding For Chinese Smart Retail Providers

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Founded in 2012, Wangdiantong started with a product for enterprise resource planning called Huice to help e-commerce companies manage orders. Its offerings later expanded to cover AI-enabled order evaluations and automated items delivery, amongst others, offering a holistic vary of cloud computing-based, intelligent-operation products for domestic and cross-border e-commerce. Huice, a software-as-a-service developer for the sensible retail sector, has secured round $100 million in a Series C spherical funding led by Singapore’s sovereign wealth fund GIC, based on a company assertion on Thursday. AVCJ Database is the ultimate link between Asian dealmakers and those that present advisory, monetary, legal and technological providers to the private equity, enterprise capital and M&A industries. It is packed with details and figures on more than 153,000 companies and nearly 117,000 transactions.

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Prismforce is operational in the US and India, according to an announcement. Is a journalist at SaaS Industry, covers SaaS start-ups, expertise and tech firms. With a PG diploma in journalism, he loves reporting and building community. Strictly Necessary Cookie should be enabled always so that we are able to save your preferences for cookie settings.

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The intelligence of a consultancy combined with the creativity of an agency to deliver large development for software program and know-how corporations. China’s software-as-a-service trade is rising rapidly thanks to the federal government’s emphasis on digital improvement and the boom in worldwide commerce, Xiao Bin, founder and CEO of Huice, stated in an announcement. Informing, connecting, and remodeling the global corporate enterprise capital ecosystem.

GIC hit the headlines when, together with Onex Corporation, it collectively seeded $1 billion within the UK-based international specialty insurer Convex on November 17, 2020. Almost on the identical time, it led a $200m funding in Chinese edtech startup Aixuexi. GCV provides the global company venturing neighborhood and their ecosystem companions with the knowledge, insights and access wanted to drive impactful open innovation. Across our three companies – News & Analysis, Community & Events, and the GCV Institute – we create a network-rich surroundings for world innovation and capital to satisfy and thrive.

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