Beijing-headquartered software developer QZing Technology has raised ‘tens of millions of US dollars’ in new funding led by Chinese tech giant Tencent and joined by the returning backer Legend Capital, Legend said in its WeChat post on Wednesday.
New investors who also participated in the round are Zhongguancun Longmen Fund, Oriza Holdings’ sub-fund Oriza FOFs and Xingwen Investment.
QZing was incubated by Chinese software player Neusoft and Shenzhen-listed information system developer DHC Software. Since its inception in 2007, QZing has served over 700 large companies in and out of China.
With the fundraising, QZing aims to facilitate its R&D efforts as also its industry ecosystem.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out 17 prominent venture capital transactions in the Greater China region on September 29-30, 2020.
