Hong Kong-based Run Liang Tai Fund and China’s Sunsea Telecommunications Co., Ltd have led a US$60 million series D round in Ayla Networks, a U.S.-based Internet of Things (IoT) company. As part of the financing round, Ayla is partnering with Sunsea, a Chinese telecom company listed on the Shenzhen Stock Exchange, to enter and expand its presence in the Chinese IoT market. Ayla and Sunsea IoT, a subsidiary of Sunsea, plan to establish a joint venture named Ayla Sunsea to …

China’s Sunsea Co-Leads $60M Round In US IoT Firm Ayla Networks appeared first on China Money Network.