China’s industrial internet platform XCMG Information raised ￥300 million yuan in series A round funding led by Hillhouse Capital Group, and followed by SAIF Partners, CEC Fund, Xinhua Daily Press Group, and Jiaxing Jishi Yunrong Capital. This investment will be used for research and development of key technologies in industrial Internet, infrastructure, and construction of marketing processes, etc.
XCMG information was incubated by China’s top 500 XCMG group in 2014. The company has powerful equipment connection, data collection and advanced computing capabilities. The company’s platform gathers, manages and analyzes massive industrial data, and provides industrial mechanism model, application development and data visibility. This is to meet the needs of various industrial scenarios, and help enterprises undergo digital transformation.
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