Chinese cybersecurity major Qi An Xin nets $210m in pre-IPO round

Chinese cybersecurity major Qi An Xin Group has raised 1.5 billion yuan ($210.46 million) in a pre-IPO round of financing to reach a valuation of 23 billion yuan ($3.22 billion), as the company is eyeing to go public on the newly-launched Sci-Tech Innovation Board in Shanghai.