Sequoia-backed cloud service provider Yuntongxun nets $125m in Series F round

Beijing-headquartered cloud communication service provider Yuntongxun announced on Thursday that it has raised a total of $120 million in a Series F round led by the state-owned Capital Venture Investment Fund — a 200 billion yuan ($30 billion) fund co-launched in 2016 by China Reform Holdings Corporation, Postal Savings Bank of China, China Construction Bank, and Shenzhen Investment Holdings.